Bitcoin Mining Has ‘Risks That Are Difficult to Price,’ Cipher Mining CEO Says

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Bitcoin Mining Has ‘Risks That Are Difficult to Price,’ Cipher Mining CEO Says

finance.yahoo2021-12-31

Cryptocurrency investors should keep track of various costs associated with Bitcoin mining, Tyler Page, CEO of Bitcoin mining company Cipher Mining (CIFR), said in a Wednesday interview with Yahoo ...

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Eric09876542
·2022-01-02
but i mine bitcoin leh
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- Eric09876542:
  wow you are great
  2022-01-02
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SSVC
·2021-12-31
K
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Hayz
·2021-12-31
Nowadays everything going towards algorithm ... humans will need to rely on computers for everything ... computers will tell you what is risk and 'calculate' the price.
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HSOoi
·2021-12-31
Tq
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jojoc
·2021-12-31
Ok
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Alkid
·2021-12-31
Wow
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Nooblearning
·2021-12-31
True
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Elon2
·2021-12-31
[Thinking] [Thinking]
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kwwh
·2021-12-31
Ohh
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Boo2bear
·2021-12-31
Really?
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The group is also backed by larger investors like Fidelity Management and Research and Counterpoint Group.Opportunities are boundless this year, but costs also will present a significant challenge to mining operations looking to capitalize, Page said.“The big differentiator, and I think what the investing world needs to start to appreciate to differentiate among these miners, is what kind of cost discipline do they have on the main inputs?,” he said. “[The main inputs including] cost of power, which is the biggest OpEx cost input, and the cost that you pay for compute power or for mining rigs themselves, which is the biggest CapEX expenditure.”Mining operations attempt to generate Bitcoin at a rate lower than market prices. 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everything going towards algorithm ... humans will need to rely on computers for everything ... computers will tell you what is risk and 'calculate' the price.","listText":"Nowadays everything going towards algorithm ... humans will need to rely on computers for everything ... computers will tell you what is risk and 'calculate' the price.","text":"Nowadays everything going towards algorithm ... humans will need to rely on computers for everything ... computers will tell you what is risk and 'calculate' the 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