| ▲ | metrix 3 hours ago |
| They're using the analogy of mining for gold. the cost of a shovel/pitchfork goes up when the price of gold goes down - which is a double whammy |
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| ▲ | shlant 3 hours ago | parent [-] |
| you didn't answer the question. A shovel in this case is the equipment + energy needed to mine (GPU's etc.) |
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| ▲ | raverbashing 3 hours ago | parent [-] | | Which is pretty much obvious to anyone who has heard of bitcoin in the year of our lord 2026 Especially since the "sell shovels during a gold rush" has been used to apply to nVidia | | |
| ▲ | latexr an hour ago | parent [-] | | But the person upstream hasn’t. It’s not obvious to them. Which is why a good answer has to include the detail. |
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