News for hackers. Stuff that matters.

A comment on Bitcoin mining becomes unprofitable as BTC price falls to average cost of mining. Parent comment

Re:Bitcoin mining becomes unprofitable as BTC price falls to... by hef19898 on Sunday June 19, 2022 @03:06AM (#31796957)
Good for the miners, the equipment and the coins are worthless, worst case, and thr money is gone. The bank will hold the bag so.
[ Parent | on HN ]
Re:Bitcoin mining becomes unprofitable as BTC price falls to... by bottled_poe on Sunday June 19, 2022 @03:51AM (#31797210)
If you think the bank is losing out here, I have a bridge to sell you.
[ Parent | on HN ]
Re:Bitcoin mining becomes unprofitable as BTC price falls to... by hef19898 on Sunday June 19, 2022 @03:17PM (#31802469)
Depending on the bank in question that bag will be passed on rather quickly. Doesn't mean a bank cannot be bitten, in 2008 most banks held CDOs only for a short period of time, it was tue volume they held thatvwas the problem for those banks.
[ Parent | on HN ]