CryptSafe
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October 21, 2022, 07:44:29 AM |
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Binance setting a loan for Miners is not bad. Of lately, it has been bear market and Price of Bitcoin is on the decline which has affected the Miners and investors. This loan would help them get back on their feet to continue the mining and also cushion the adverse effect they already have. Never the less, $500 million sounds enticing but this is a bear market and we all know making profit as a miner is very miniut and there's no assurance or possibility of recovering the loan within the stipulated time interval as stated by binance. What I think and suggest binance does is to extend the repayment time for the loan so that Miners can confidently go for the loan without any fear as they would have time for repayment and also be able to manage the available resources they have gotten. No doubt this loan would help them go along way in getting more equipments needed by them and for those already packed up as a result of lacking in one way or the other, they too can be able to have access to the loan for a restart with more sophisticated equipment which will aid boasten their mining capacity and setting them for more profit when it is bull market. So I urge every miner wanting more equipments for their mining activities to make use of this opportunity binance has made available.
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