Oh, you can profit. What you do is buy a ton, mine for a day or two, then sell at similar price.
So if I buy 1 GHS and sell back at same price the next day, I make $0.20 USD.
If I buy 1000 GHS and sell back at same price the next day, I make $200.
So if I buy 1 GHS and sell back at same price the next day, I make $0.20 USD.
If I buy 1000 GHS and sell back at same price the next day, I make $200.
I get that, but doing so is a proxy market, futures essentially. I am more confused as to what that implies for the basis. Btc is trying to break to the upside and seems to be a strong inverse correlation with ghs drops and btc rises but it is not clear to me which causes which.