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Smart miners mine during the slumps in BTC prices when there is less competition. They get more BTC, even if it is currently worth less USD. They then hold the
by obviouslynotme 4y ago
Smart miners mine during the slumps in BTC prices when there is less competition. They get more BTC, even if it is currently worth less USD. They then hold the BTC for the next rally. Most large miners are also cash flush early BTC adopters who do it for hobby and ideology.
- postalrat 4y agoSounds smart until it isn't. ... honestly doesn't sound smart at all. Are they also buying or just overpaying by mining?