Are you doing this as a Bitcoin miner also?

[Synchronice]

If you are doing this, how is it favoring you?

Some hardcore crypto miners in my state are into BTC mining for the past years now and I noticed that they don't mine in a bear market, they always buy their asic miners after Bitcoin halving or a month to Bitcoin mining and ride the miners through the bull market, and once Bitcoin start making a turn back in value they start selling their asic miners.

So, this is what happens behind the scenes: When bitcoin halving happens, reward gets divided by two, i.e. one day you were getting $1000, now you get $500. Bitcoin price doesn't increase or doubles overnight after halving, it's still a slow process. So, your miner, that was (barely) generating profit when reward was X, now, since the reward is X/2, it can't generate profit, it consumes electricity and your revenue becomes negative. During this time, some people sell their old mining equipments to collect money for new one and some people want to sell them as soon as possible. When this happens, people like the one you described above, takes an advantage of the market and buys old bitcoin miners in discount. Then, when prices increases, they start mining with these miners and generate some profit or some of them even resell them before the end of bull market.

I noticed that they don't mine in a bear market

Bitcoin mining is like, when more people mine, the higher the difficulty and opposite. So, during the bitcoin mining, if a lot of people shut down their miners, difficulty will decrease and it will be easier for the rest miners to get reward.

[FP91G]

Miners who are in the higher electricity charges will more likely to turn off their miners if BTC price is too low to compensate for their activities.  They will rejoin the mining activities once Bitcoin price increase and the price is enough to have profit.

I have a private house in the village where I can turn off mining if it is not profitable. When you rent space for a container with a capacity of 0.3-1 megawatt per hour or more, you make an advance payment for electricity and for rent and security.  For the miner, disabling the container 100% threatens with even greater losses.

[bettercrypto]

I noticed that they don't mine in a bear market

Bitcoin mining is like, when more people mine, the higher the difficulty and opposite. So, during the bitcoin mining, if a lot of people shut down their miners, difficulty will decrease and it will be easier for the rest miners to get reward.
[/quote]

You are right on this point, its mining difficulty is adjusted to every 2016 block if I am not mistaken, and it is calculated according to the total hash rate of the network, which becomes the amount of computing power using mining.

So if there is a reduction in difficulty, it becomes easier for miners to get block and rewards. but it is important to remember that the rewards for mining bitcoin are divided in half or what is called every 4 years.