RE:RE:I Don't Get Itits my belief that the current bitcoin price is being propped up by bitmain because they need to sell as many machines as possible. especially with ipo coming up.
i think many miners are at the breakeven point right here and most assumed others would turn off machines, but instead, more machines have come online. so if you aren't buying more machines consistently, the amount of bitcoins you've estimated to mine will only be going down.
if you need to sell your coins to keep your business going, you're never going to benefit if the bitcoin price jumps. and if thats the case here, then you won't be able to buy more machines as these things have a two year mine life really.
so unless you have deep pockets (as no one is financing a miner right now), or another revenue stream, then bankruptcy is inevitable.