142. Why Bitcoin Miners Get Rekt
The Bitcoin Standard Podcast
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Bitcoin Mining - The Only Way to Survive as a Miner
Iris is still mining 40 Bitcoins a day today. Their minds are churning out $800,000 worth of Bitcoin every day. They have a good operation, but they took on a lot of debt and expanded based on debt and now they can't pay their debts. Nobody is lending to Bitcoin miners now because now they are all wrecked. The only time you are going to be getting good debt in Bitcoin mining is when the price is very high.
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