RE: Costs25 Apr 2024 11:34
Argo are going to need to pivot into some other form of crypto biz, they cant afford to stay in this business. Next month they are mining 50 if they are lucky and at this price thats 3.3 million revenue a month, problemos!
Bear or bull market Argo lose money, hopefully these inferior miners get ironed out and Global hashrate starts dropping a little bit.
1.4 EH to make 1 BTC per day at 630 EH thats mental! the economics dont work for many, Either btc needs to fly or a lot of these miners have to start accepting the futility of btc mining and give it up.