SLP295 John Lee Quigley Why Bitcoin Mining Is Shifting to North America
Stephan Livera Podcast
00:00
The Mining Cycle Is Like a Leverage Bikkind Cycle
A lot of old machines were now becoming profitable again, where previously they weren't. efficient miners will always set up under attractive conditions till they'll know what their import costs are. But in heatd market conditions like ondy, on the secondary market and for retail miners, you're going to see them pay enormous, enormous prices for for hardware. And then when things turn, what naturally happens is some of these am miners enter into the red, red territory.
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