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RE: 3 Reasons Bitcoin Prices May Be Nearing A Bottom
Miners will keep mining for a “loss” for some time as they have a sunk cost in mining hardware and data centres
Miners will keep mining for a “loss” for some time as they have a sunk cost in mining hardware and data centres
That is a very good point. If you spent millions setting up the mining farm, you can't stop just because you are currently underwater.