RE: Feeling bored...2 Apr 2021 20:27
It's not that simple I'm afraid. The boom cycle will inevitably end at the end of this year plus Chinese miners totally own the pools . A lot of people say they own 70% of the pool, but I'd say closer to 85%, with most Chinese entrepreneurs moving to the middle east and Africa just to mine at near-nothing energy rates. The more American /Western companies like Tesla, Grayscale, ARK and Microstrategy that buy in, the more the Chinese are in control of them. If anyone remembers correctly, just before the previous crash, most Chinese pools offloaded stacks of BTC and shorted (!!!) , they then subsequently bought back after at significantly lower price points thus enabling to gain more BTC.
As for the Bitmain Antminer S19j Pro (100Th), that releases this summer at $10k each!!!!! Tbh holding bitcoin is better and more profitable than to mine. Right now BTC is very wasteful to mine even when ARB go 100% green, though, ARB have done the right thing diversifying .Long term winner here.