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[AudraMiller]

When it comes to cryptocurrency there is various different ways that you can use in order to earn cryptocurrency and that can be through online websites or you can choose to directly purchase and trade in cryptocurrency. Recently one of the more prominent methods of becoming involved in cryptocurrency is through mining cryptocurrency because the mining difficulty has been reduced quite significantly and as a result people are able to profit a lot more than they previously would have. Recently a news article has shown that the Genesis digital asset company has purchased over 200,000 mining rigs for Bitcoin. What do you think about this and what do you think is the reasoning behind this large purchase?

 

[Brain]

This is glaring enough as it all about mining more for profitablity. The mining rigs will help in more mining. So it might even exceed the quoted figure in future as more are bought

 

[AudraMiller]

This is glaring enough as it all about mining more for profitablity. The mining rigs will help in more mining. So it might even exceed the quoted figure in future as more are bought

I agree with you. And if more coins are being mined however this may reduce the price of the coin because the supply will then be larger than the demand, unless the demand adjusts as well.

 

[Lobardi]

Genesis is one of the biggest market players that have been in the industry from.a long time and the things have turned negative On the bitcoin at this time which has allowed more companies to invest in the bitcoin and that has not been a easycase but it's growing

 

[MayorKayz]

Genesis is one of the biggest cloud mining website is not the biggest. And I am nit surprised as they are buying new mining rigs as there members and purchase keep on increasing every days because of the trust they have with them. This shows how people are investing in cryptocurrency.