2 ms·

What's a shovel?

• metrix 7mo ago
  They're using the analogy of mining for gold. the cost of a shovel/pitchfork goes up when the price of gold goes down - which is a double whammy
  • shlant 7mo ago
    you didn't answer the question. A shovel in this case is the equipment + energy needed to mine (GPU's etc.)
    • raverbashing 7mo ago
      Which is pretty much obvious to anyone who has heard of bitcoin in the year of our lord 2026 Especially since the "sell shovels during a gold rush" has been used to apply to nVidia
      • latexr 7mo ago
        But the person upstream hasn’t. It’s not obvious to them. Which is why a good answer has to include the detail.