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Bitfarms Ltd T.BITF

Alternate Symbol(s):  BITF

Bitfarms Ltd. is a Canada-based global vertically integrated bitcoin mining company. The Company develops, owns, and operates vertically integrated mining farms with in-house management and Company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The Company’s proprietary data analytics system delivers operational performance and uptime. The Company operates through the cryptocurrency mining segment. The Company operates server farms comprised of computers (Miners) designed for the purpose of validating transactions on the Bitcoin (BTC) Blockchain (Mining). The Company also operates Miners about 24 hours a day producing computational power (measured by hashrate) which it sells to Mining Pools under a formula-driven rate commonly known as Full Pay Per Share (FPPS). The Company has 11 farms, which are located in four countries: Canada, the United States, Paraguay, and Argentina.


TSX:BITF - Post by User

Post by keithvictoria41on Dec 29, 2021 8:08pm
164 Views
Post# 34269443

Bitcoin valuation =

Bitcoin valuation = Doesn't bitcoin value go by how many people use it like everytime someone does another transaction it should increase the value of the coin that is being used because it coin stores it's value forever in the coin at the moment of use am I wrong it right isn't that how Bitcoin works when your using it and it uses multiple math equations so it can never be hacked . So if you think about it bitcoin shoukd be worth way more then what it's at right now . I just don't understand how it goes down when everyone uses it for transactions  you think it would be nothing but going up . 
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