Not very profitable lately
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Topic: ASICs will cause downward pressure during the transition (Read 581 times)
Not very profitable lately
A lot of miners are transitioning to ASICs. Obviously BTC is a very popular method to pay for ASICs and related services. Eventually though along the supply chain all these hardware purchases have to be converted to fiat. This is a LOT of hardware being bought. This will cause a downward pressure until the transition has completed. But BTC still might rise despite these pressures. Thoughts?
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