Global Gaming Technologies Corp BLKCF

RE:Whole sector down

[Winnipeg40]

Biggest problem is a bunch of idiots that can raise money and spin yarn like the boys at BLOC.  They are mining in a high cost (10c/kwhr) plus lose 20% off the top.  This means today, they will net approx $360/monthly which declines every day as difficulty increases.   Only companies that run things themselves can mine profitably. by the time the S9's get setup, run for a while to pay for themselves, they might earn another couple of grand over the lifespan of the machine. Barely enough to pay for this expensive management team.  Currency can go up, but so will difficulty and margins will continue to decline.