) a bit of restructuring and strategy rationalization that will leave the mining industry better than it was before.For the last few years, some miners have held onto the bitcoin they mined, opting instead to finance operations with debt and other capital. This works really well when two things hold true:
The cost of capital is cheap, so the amount of people looking to get involved in Bitcoin for the sake of yield is high. In our wacky world, a bitcoin mining business makes money like this: The business has bitcoin mining machines which mine bitcoin and the business in turn takes capital from the debt or equity markets to pay for the expenses needed to run the business.
gckaloudis The fun part is they don't need to survive for Bitcoin to survive thanks to automatically adjusting difficulty.
gckaloudis
gckaloudis Bullshit
gckaloudis This new year my choice of coin still remains the one I did last year $XEP XEP🧿 ElectraProtocol