RE:RE:So to clarify3 problems with this statement. One, ethereum mining is dieing. Hive has a maybe a year of etheruemmminij gleft before is completely dead. Don't be surprised if etheruem mining revenues dies off quarter by quarter. Two, bitcoin mining is more profitable then etheruem mining. Three, hive is the most profitable.om paper today but with a year of two hut and bift will blow pass them. Hive is only profitable because they sold all their coins and has one of the lowest reinvestment rates of all the big miners... Read between the lines folks
scotianbot wrote: Hive has always been an Ethereum focused miner, and yet at the same time, they have exposure to Bitcoin. Hive has 90% gross margins on their Ethereum mining, what are BITF gross margins for BTC?
Hive is more profitable than BITF & the other public crypto miners. How many ETH does BITF mine per day? Do they use clean green energy like Hive? Do they mine in more than one country with favorable crypto-friendly regulation?
Bitcoin went from less than 8 cents to over 55 thousand dollars, using your analogy this is a signal it wasn't built on value or strong fundamentals because of those parabolic gains??