Marathon Digital Holdings Inc (MARA)

[dale1953]

The miners aren’t making Bitcoin. There are solving some sort of difficult mathematical equations that only a certain type of high tech computer can solve (ASICS). And they are competing with other computers to see who can solve the problem first. And in return for solving the problem, they receive blocks of Bitcoin. The more computers that are competing, then the mathematical problems become more difficult. Which means you need more and more high tech computers (ASICS) and energy which is expensive. I know this is a simplified explanation, but I think it answers your question. After each halving the reward is cut in half. So for miners to survive they need to receive higher transaction fees (bonuses) for solving these equations or the price of Bitcoin needs to keep going up. MARA is trying to find ways to lower it’s cost to mine Bitcoin using renewable energy and other means. Personally I think MARA will be the biggest and best miner in the world, but unfortunately I’m afraid that all their investments for the future is limiting their short term price per share. I think relative to a few other miners they will do great after 2028, but in the near term I have my doubts.