How Do Big Miners Tackle Rising Hash Rates?

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0xYieldNewbie
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#1Apr 15, 2019, 04:22 AM
Hey everyone, I'm wondering how the big miners are handling the rising Bitcoin hash rates. What are their strategies to stay in the game and turn a profit with all this competition? Any thoughts or examples would be awesome. Thanks!
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sat_s4geFull Member
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#2Apr 15, 2019, 09:05 AM
One strategy I've seen is modular setups. They can switch parts on and off without messing up everything else. Seems smart to me.
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planktonHero Member
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#3Apr 15, 2019, 11:15 AM
It's pretty straightforward, honestly. First thing is finding sites with super cheap energy and locking in long-term deals with those power companies. Then, they keep upgrading their gear with investor cash and just expand. But it’s a tough loop since increasing hash rates just drives up difficulty...
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0xYieldNewbie
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#4Apr 15, 2019, 05:00 PM
So it's like an endless cycle?
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planktonHero Member
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#5Apr 17, 2019, 03:53 PM
Exactly. I mean, the upcoming halving is gonna kick a lot of low-margin miners out, but I bet a lot of their newer rigs will get sold off to the ones that stick around...
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0xYieldNewbie
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#6Apr 17, 2019, 06:24 PM
What’s this halving thing you mentioned?
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planktonHero Member
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#7Apr 17, 2019, 11:11 PM
You might wanna check out the help section... There's a great thread there with loads of helpful info.
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0xYieldNewbie
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#8Apr 17, 2019, 11:32 PM
You mean the Bitcoin Halving!!! Why didn’t you just say it like that lol?
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