The Hashrate Migration and Bitcoin’s Resilience, With Compass CEO Whit Gibbs
The Breakdown
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Are We Going to Have an Extended Bear Market?
Mining will still be profitable if we do drop into an extended bear market. Right now, you're looking at mining profitability at anything that's forty cents per killoat our or below cost of production for one bit coin For a miner, is somewhere between 12 and 18 thousand dollars. Even if we hit 25 k and say there for an extended period of time, mining s still going to be profitable.
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