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Topic: More than 10000 miners shut down due to market conditions - page 2. (Read 331 times)

legendary
Activity: 2912
Merit: 6403
Blackjack.fun
the story
f2pool throwing out 10's of thousands of asics..... fake news
the images are from last years flood.


Too bad it's not fake news and as usual you jump to conclusions with 0 evidence

The gear and the ground are clean as a whistle while in all the videos from the flood there was dirt all over the place.
Everyone is screaming fake but nobody was able to find a video with avalons 741 thrown away like that from the last year.

And nice chart over 6months, how about you check the one for 30 days:
https://data.bitcoinity.org/bitcoin/hashrate/30d?mining_pool=F2Pool&t=a

So much growth

oh and although s9's are not profitable

The s9j is still profitable at 8cents/kwh, and at 4 cents per kwh it will start making a profit after ROI more than 250 days before the s15.




legendary
Activity: 4410
Merit: 4766
the story
f2pool throwing out 10's of thousands of asics..... fake news
the images are from last years flood.

and it seems f2pools hashrate is going UP not down
https://data.bitcoinity.org/bitcoin/hashrate/6m?mining_pool=F2Pool


oh and although s9's are not profitable bitmain said that T15's will be delivered to pools/users in december. after they cough cough quality assure test them cough (profitably mine them for a month)
so dont scream panic

as for financial stuff
VC's, institutions are all prepping to claim a financial year loss in december , which they love(tax deductions are yummy)
then 2019 is a fresh year

1. next gen asics delivered
2. bakkt
3. institutions set to be ready to perform ETF
4. this temporary drama of a dip ends
jr. member
Activity: 336
Merit: 5
Most Advanced Crypto Exchange on the Blockchain
The delayed bakkt is one piece of good news we can all look forward to. The miners will come back soon after and difficulty levels rise back up to normal levels
legendary
Activity: 3542
Merit: 1352
Cashback 15%
A normal thing I'd say. We've seen this happen a lot of times in the past, and every sane person would just turn off their machines if it does not produce profit but rather a deficit. Only the big guns are getting something right now due to the overall network hashrate being low, but once everything normalized, we'll see the same miners turning on their machines to hash again. This is certainly not the end as institutions are currently going in on the action, and more positive news are trickling down the ecosystem day by day.
member
Activity: 182
Merit: 10
Personal Text
https://blockmanity.com/news/more-than-10000-bitcoin-miners-shut-down-mining-due-to-markets-crash/

What do you think will happen? I know this is not the end but I want to hear your opinions
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