Cryptocurrency Mining
topic on 1 show · 2 statements across 1 episodes
2 statements about Cryptocurrency Mining, every show
Mining offers unmatched capital deployment speed despite extreme margin volatility
“You know, mining, I think, is a great business. I don't know of another business where you can deploy capital as quickly and get the returns that you do. The problem with the business, though, is that forecasting is very difficult and the margins are very, are…”
Crypto mining rewards strictly depend on hash rate, not algorithmic edges
“Well, everybody has to use essentially the same mining algorithm to get
to get the answer, and it's purely a random outcome who gets it, so if you own 10% of the network hash rate, the probability of you getting the next block is 10%, so then nobody can, no…”