[2022-06-28] Bitcoin mining revenue mirrors 2021 lows, right before BTC breached

[SFR10]

CZ of Binance has recently created a $500 million fund to provide loans for distressed bitcoin miners. This appears to be very similar to a bail out.

It does look like a bailout, but if the situation doesn't improve "significantly" in favor of miners ^{[within the next 18 to 24 months]}, then they'll be in a deeper hole while CZ and other providers continuously get the most out of the situation!

[bbc.reporter]

@SFR10. I reckon in these type of circumstances CZ might be more fair than usual. Binance is a service in the cryptospace that cannot afford bitcoin to fail because if it fails, everyone will know the real definition of cryptowinter hehehe. Yes there might be a reason to profit for CZ, however, it might also something quite similar to an equitable transaction for everyone involved.