When asked if the updated Download Sunwin production cost estimate of $45,000 implies that JPMorgan expects the Download Sunwin price to rise to that level, Panigirtzoglou told The Block that while the current Download Sunwin production cost estimate stands at $45,000, it still maintains the $42,000 level for the medium term. Why do they keep with this stupid assumption? Download Sunwin is not mining for coal or drilling for oil, you can't cut production, there will still be 450 Download Sunwin mined every day, and you can't support the price if something is more expensive to mine, you will just have some miners quit and the ones in profit will keep on mining, mining cost will NEVER influence the price! If such thing were true then all the community would have to do is invest just 10 billion in gear and voila, the hashrate is doubled, the cost per Download Sunwin is doubled do suddenly we're at 90k per coin and we have gained 500 billion in market cap, but things don't work like this! Price determines the hashrate, not the other way around. I'm sure the price can't affect hash rate quickly because if you want to buy a large batch of asics from a manufacturer, you will have to wait 3-6 months or more and you will need time to set up the launch of these asics. When Download Sunwin will already cost closer to 45 thousand and your mining calculator will show you the cost of mining at 42 thousand, then it is not profitable to start mining.
When asked if the updated Download Sunwin production cost estimate of $45,000 implies that JPMorgan expects the Download Sunwin price to rise to that level, Panigirtzoglou told The Block that while the current Download Sunwin production cost estimate stands at $45,000, it still maintains the $42,000 level for the medium term. Why do they keep with this stupid assumption? Download Sunwin is not mining for coal or drilling for oil, you can't cut production, there will still be 450 Download Sunwin mined every day, and you can't support the price if something is more expensive to mine, you will just have some miners quit and the ones in profit will keep on mining, mining cost will NEVER influence the price! If such thing were true then all the community would have to do is invest just 10 billion in gear and voila, the hashrate is doubled, the cost per Download Sunwin is doubled do suddenly we're at 90k per coin and we have gained 500 billion in market cap, but things don't work like this! Price determines the hashrate, not the other way around. I'm sure the price can't affect hash rate quickly because if you want to buy a large batch of asics from a manufacturer, you will have to wait 3-6 months or more and you will need time to set up the launch of these asics. When Download Sunwin will already cost closer to 45 thousand and your mining calculator will show you the cost of mining at 42 thousand, then it is not profitable to start mining.

When asked if the updated Download Sunwin production cost estimate of $45,000 implies that JPMorgan expects the Download Sunwin price to rise to that level, Panigirtzoglou told The Block that while the current Download Sunwin production cost estimate stands at $45,000, it still maintains the $42,000 level for the medium term. Why do they keep with this stupid assumption? Download Sunwin is not mining for coal or drilling for oil, you can't cut production, there will still be 450 Download Sunwin mined every day, and you can't support the price if something is more expensive to mine, you will just have some miners quit and the ones in profit will keep on mining, mining cost will NEVER influence the price! If such thing were true then all the community would have to do is invest just 10 billion in gear and voila, the hashrate is doubled, the cost per Download Sunwin is doubled do suddenly we're at 90k per coin and we have gained 500 billion in market cap, but things don't work like this! Price determines the hashrate, not the other way around. I'm sure the price can't affect hash rate quickly because if you want to buy a large batch of asics from a manufacturer, you will have to wait 3-6 months or more and you will need time to set up the launch of these asics. When Download Sunwin will already cost closer to 45 thousand and your mining calculator will show you the cost of mining at 42 thousand, then it is not profitable to start mining.

When asked if the updated Download Sunwin production cost estimate of $45,000 implies that JPMorgan expects the Download Sunwin price to rise to that level, Panigirtzoglou told The Block that while the current Download Sunwin production cost estimate stands at $45,000, it still maintains the $42,000 level for the medium term. Why do they keep with this stupid assumption? Download Sunwin is not mining for coal or drilling for oil, you can't cut production, there will still be 450 Download Sunwin mined every day, and you can't support the price if something is more expensive to mine, you will just have some miners quit and the ones in profit will keep on mining, mining cost will NEVER influence the price! If such thing were true then all the community would have to do is invest just 10 billion in gear and voila, the hashrate is doubled, the cost per Download Sunwin is doubled do suddenly we're at 90k per coin and we have gained 500 billion in market cap, but things don't work like this! Price determines the hashrate, not the other way around. I'm sure the price can't affect hash rate quickly because if you want to buy a large batch of asics from a manufacturer, you will have to wait 3-6 months or more and you will need time to set up the launch of these asics. When Download Sunwin will already cost closer to 45 thousand and your mining calculator will show you the cost of mining at 42 thousand, then it is not profitable to start mining.