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Message Subject Crypto bottoms when we have our next "world event" similar to covid pandemic
Poster Handle ZeroKnight
Post Content
Maybe this can help. So I work for a giant crypto mining company. And the going idea atm is to buy up all the assets from bankrupt crypto mining companies. We have no debt so I guess that's why they can do it. We were told 8 months to prepare. After 8 - 12 months Btc would be going up. So we were also told march/April is the crash I guess. So I don't think a multi billion mining company with no debt is going to make a foolish mistake such as investing into infrastructure if they didn't know something. I was told the founder was planning for all this to happen. I guess. Just take what I have to say with a grain of salt though. The company I work for has monthly meeting and they talk about all this kind of stuff. I have never attended and this is 2nd hand knowledge from my manager (who I don't really trust, big ego). Any way mr.cheese never stop fighting. Seems your making good judgement calls. Look forward to more.

Ps. Sorry for grammar, spelling. I'm lazy. And need my naps.
 Quoting: ZeroKnight


Thanks for that very interesting info!

Not sure if you have been following this thread for long or not, but a ways back we were discussing what the numbers might be for mining break-even. Would you be able to provide any insight to this?
 Quoting: nemo_solus


Something else to add. Mining companies take up a lot of energy. If they take up enough energy they get a deal from the power company. So a lower rate vs other companies and or individuals.
 
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