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S&P 500
5,180.74
(
1.03%
)
US TECH 100
17,598.80
(
1.03%
)
Dow Jones
38,852.27
(
0.46%
)
Brent Oil
83.34
(
-0.16%
)
Bitcoin
63,299.47
(
0.21%
)
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LoneJagFan

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LoneJagFan

Re: INEEDMONEY post# 35762

Friday, 03/15/2024 11:11:43 AM

Friday, March 15, 2024 11:11:43 AM

Post# of 40402
So, I am a long holder here and completely pro CGAC but I need to clarify something so people don’t get confused. The price of bitcoin has zero impact on the cost of mining one. Mining a bitcoin that is worth $27k takes the same time/resources as mining one worth $72k. The only way we make more money with bitcoin price goin up is when we sell not when we mined the coins. I just don’t want anyone to think we mine faster or at less expense when bitcoin is cheaper.
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Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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