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42 sats \ 1 reply \ @harrr 4 Jun 2024 \ parent \ on: Bitcoin miners sink millions into AI businesses, seeking billions in return bitcoin
Price did a 4x over the last two years. Miners who aren't profitable now weren't profitable two years ago, one year ago, etc. Miners who can't deal with something they knew would happen should probably get into a different business.
Miners who aren't profitable now weren't profitable two years ago, one year ago, etc.
it isn't a true statement