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Could be more mining machines have arrived. Given the small drop in BC, they’ve been clever to get them up and running ASAP so there’s some positive news.
If BC had continued to rise, I imagine they’d all have been set up once all were received
Just my opinion
Apologies if this has already been posted, but it’s a busy group!
https://atozmarkets.com/news/kentucky-proposes-to-exempt-bitcoin-miners-from-taxes/
I was thinking about this today (please correct me if I’m wrong).
MCap of RIOT is roughly 5x ARB currently. So if we were valued similarly, SP would be around £5.85. Bitcoin would need to keep pushing on massively to raise this further than that.
But hey, even close to that without Bitcoin going up is a fairer assessment than where it is now. Just my opinion
https://youtu.be/7umBRLoTGiM
He goes into the rates for competitors too