endgame?Interesting company, interesting time to be in crypto. A massive face ripping rally is soon starting. I remember Dec 2017, everybody was talking about bitcoin. My mother, sister, everybody. Not that peoples mothers cant be good investors, but my mother is Cathie Wood, lol. I get that these guys are miners, cool. Green energy, cool. Very interesting and passionate chairman, huge plus.
What's the endgame here though? What I mean is that with finite amount of coins and with 85% of bitcoin already mined, with the remainder taking ~ 130 years, how lucrative can this actually be. I'm obviously not worried about 130 years from now. But If I understand correctly, does mining take twice as long every 4 years? What's the plan when mining is no longer profitable or worth the energy, If but coing has a massive revaluation upwards and it is determined these 14 % remaining or whatever becomes insignificant, what's the plan then? I like this company but I'm wondering the plan. I see there are only 900 coins mined per day currently and that's going to continue to be less. Where will the revenue growth occur? I don't want to buy in to flip pennies. Whats the realistic market cap on this thing. I can see short term growth but you are in a delcinig industry, or am I totally wrong here?
If the time it takes to mine a coin doubles, the the price will have to double to avoid a revenue delcine, no? I appreciate the input from longterm hodlers. THanks,
John.