Re: My future as a Miner
Originally posted by on 13/10/2025, 16:39:40 UTC
Last rescrape: 2 months ago
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Scraped on 13/10/2025, 16:45:12 UTC
But then answer another question: why is Bitcoin's hashrate growing? Is it possible that mining companies haven't heard of the DCA strategy?
Mainly for three reasons.
1- people are greedy and they think the can make profit by mining without actually understanding shit about mining.
2- most of the hashrate comes from the U.S large firms who use investors money and have little to no risk.
3- large firms in the U.S have some tax "games" they can play to benifit from equipment purchase vs buying BTC.
So just because hashrate is going up, it doesn't mean people are doing the "right" thing.
But then answer another question: why is Bitcoin's hashrate growing? Is it possible that mining companies haven't heard of the DCA strategy?
I think this is to some extent similar to;1. A large scale farmer vs a small scale farmer
2. Large scale earth mineral miner vs a small scale miner.
Who benefits the most in the long run? Obviously, the big guy.
They are able to cut deals through preordering and importing the equipment, they get tax cuts, they are able to get lower electricity tariffs for industrial use compared to the small guy.
All the comments are valid, but
It's possible that inexperienced newbies continue to invest in mining, but I don't believe that. Newbies don't have the necessary processing power, and even a 3-kilowatt ASIC in an apartment would be a challenge.
Therefore, I'm confident that it's the big players, not small miners, who are investing in mining.
According to the latest data, 5 GW of power is used for mining in Russia, but legal miners use no more than 40% of the capacity.
Consider how profitable mining is in Russia if illegal mining uses more than 3 gigawatts of power
Original archived Re: My future as a Miner
Scraped on 13/10/2025, 16:39:40 UTC
But then answer another question: why is Bitcoin's hashrate growing? Is it possible that mining companies haven't heard of the DCA strategy?
I think this is to some extent similar to;1. A large scale farmer vs a small scale farmer
2. Large scale earth mineral miner vs a small scale miner.
Who benefits the most in the long run? Obviously, the big guy.
They are able to cut deals through preordering and importing the equipment, they get tax cuts, they are able to get lower electricity tariffs for industrial use compared to the small guy.
All the comments are valid, but
It's possible that inexperienced newbies continue to invest in mining, but I don't believe that. Newbies don't have the necessary processing power, and even a 3-kilowatt ASIC in an apartment would be a challenge.
Therefore, I'm confident that it's the big players, not small miners, who are investing in mining.
According to the latest data, 5 GW of power is used for mining in Russia, but legal miners use no more than 40% of the capacity.