“I don’t think we are at the max pain yet in mining,” said Amanda Fabiano, head of mining atBitcoin miners set up and run the powerful computers that process bitcoin transactions. Those computers generate random numbers in hopes of finding the right combination to unlock formulas; the first to do so are rewarded with newly created bitcoins.
Crypto enthusiasts used to routinely mine bitcoin with one machine at home. Now, bitcoin mining companies run banks of high-powered—When bitcoin’s value soared last year, bitcoin-mining machines became a hot commodity. The rush to load up on mining rigs then was akin to “buying spades in the middle of the gold rush,” said Andy Long, chief executive of bitcoin miner White Rock Management.
Some analysts worry that more forced selling of bitcoin could lie ahead, particularly as miners also struggle with energy-price shocks. Miners of ether, the second-biggest cryptocurrency, face an even bleaker winter than their bitcoin counterparts.
Another crackdown on crypto ?😀 IN CRYPTO WE TRUST ✌️
FUD. Nice try though
Good
morato_custodio
Have they tried eating less avocado toasts?
Don't forget the rising cases of crypto lung.
But crypto is growing up - climate friendly mining with merge and more stable than the average stable coin with GSUcoin
Hydrogen solves this 😂🤣😂🤣 cafreeland PnPCBC ctvqp
Good, end this worthless scam currency already and stop allowing these “miners” to waste energy and cause pollution.
They’ve burdened the grid also.
lmao owned
Good. Fuck 'em.
blessed
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