SLP389 Daniel Frumkin & Jaran Mellerud - Bitcoin Mining Market Analysis
Stephan Livera Podcast
00:00
Bit Coin Price and Isolation
Mining is such a cyclical industry, we see a lot of investments when the bit coin price is high and ther access to capital. But thiis leads to over investments, which leads to too high hash rate compared to the bit comprise. So usually when the bit comprise falls later in the cycle, the hash rate is too high compared to thebit con prise. This further redu es the profitability of mining and leads to very, very low asic prices. Asic prices are now on the way down. They have been falling during since pitcon's peak in november, i think, and they will probably fall more as miners are forced to off lord all er all
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