Crypto Moves: What the Miners are Telling Us
Crypto mining is insanely profitable right now based off cost of revenue metrics. I wanted to see what those figures have looked like historically. Can we get a reading on bitcoin's next move?
A couple weeks ago I read an article on Decrypt that actually made me say "wow" out loud. The article was "Bitfarms: Why Canadian Bitcoin Miners are Flocking to the Nasdaq." You can read it here for yourself. What made me say wow? This part:
In the first quarter of the year, Bitfarms acquired one Bitcoin at the cost of $8,400—that’s around the time in…
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