RE: The next Bitcoin17 Mar 2021 06:53
"Good luck to them buying equipment. "
Just to get facts correct, Argos last lot of ASIC machines have not been bought . 4500 machines have been leased out to them by Celsius which is a crypto lending shark platform and will probably be paying a chunky mining percentage to them as a result.
If you go to any electronics plaza in China , a third of the floor space is dedicated to mining equipment.
Mining is not difficult either , children could set up and do it. Argo' s advantage is cheap electric at 3-4p equivalent per kWh , this probably the same amount as what miners are paying in China. However most middle Eastern countries are a fraction of that at less than 1p per kWh as electric is subsidised by their respective governments .