RE:RE:This is More Like it HUT, Looking Great
The reduction in q4 bitcoin was for their drumheller expansion. Also. Hashrate already decreased 40%. https://www.coinwarz.com/mining/bitcoin/hashrate-chart New hardware doesnt bring new players. All the old miners will mine other coins until completely unprofitable. That's why bch and bsv hashrate jumped. Bitcoin now going to the the holders as the ones smart enough to plan and build a cheap farm. Old equipment is still profitable with cheap electricity which hut 8 has. Unfortunately qbtc charges a 2% management fee which is ridiculous. Just hold it yourself if you want physical. I have physical and rather not oay someone 2% to hold it. I figure some other etfs will eventually come with lower fees.