It's also very good timing to be set up big for mining crypto at a time when the coins are going up in value daily, and in multiples as they were in 2017.
Very much like the iron ore miners when the price spiked to USD $100+ per ton and they were moving 40-60 million tons per annum.
It's useful to see cryptos e.g
Bitcoin through a similar lens as other commodities, although probably more volatile than most.
There will be periods of time which allow some players to operate in a "sweet spot" and kill the pig because they happen to be in the right space with the right operation at the right time.
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Last
1.5¢ |
Change
0.001(7.14%) |
Mkt cap ! $21.09M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.6¢ | 1.3¢ | $325.1K | 21.24M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 241994 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 2639486 | 4 |
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| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| FFG (ASX) Chart |