RE:RE:RE:Bitcoin is going to ZEROI agree with you somewhat. High revenues. You'd have to mathematically price they can earn lore revenue in 1 quarter then the others in a year. That just simply isn't true. Higher revenue per quarter, yes but your view is highly over exaggerated. I never said tomorrow, I said it can happen during any update. This year, there is one in 2 weeks, 1 in July and 1 in October. Personally, I invest with at least a years horizon but all the power to those who want to risk it for a few more months. I also agree that they could change mining. But honestly, how do you think the intial reaction will be when etheruem gets cut off. Think the share price will just maintain? I don't know, I don't see it playing out like that...and it's not as if hive has a tonne of upside. Their revenue is already baked into their share price. HIVE has the highest multiple of any miner. 18 times...seems like the future revenues is baked in? Or no?
DotComRich wrote: If you knew anything about how Ethereum worked you would know it is not possible for them to simply say screw the miners we are switching to POS tomorrow. At the absolute minimum hive has at least another full quarter worth of mining Ethereum in record breaking gas fee climate. That will be enough to churn more revenue in that time than any other miner will do for the entirety of 2021.
Not to mention that ETH moving to POS does not mean hive can't still make money with their GPUs, quite the contrary actually. Zcash, ETC, Ravencoin, Monero are all rising in profitability exponentially.
Again, your short sightedness is amusing bac0n.