Coinmonks
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Coinmonks

Is Bitcoin Dead for Miners — When Do They Need To Exit?

Among those suffering most from the fall in bitcoin prices are the miners. This is manifesting in a kind of mini-capitulation: after other funding sources dry up, they have to sell the bitcoins they have accumulated.

Mining is a kind of procedural conversion of fiat money like dollars into bitcoin: miners use dollars to buy hardware (an ASIC miner), and they use…

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TheLuWizz

TheLuWizz

Talk about crypto stuff, personal development, entrepreneurship, travel experiences, and things that inspire me! No financial advice!