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(Thought-provoking!) Why are big corporations buying ETH mining machines in large amounts, when PoS is on the way? Are they dumb, or do they know something we don’t?

(Thought-provoking!) Why are big corporations buying ETH mining machines in large amounts, when PoS is on the way? Are they dumb, or do they know something we don’t?



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8 Comments

  1. They don’t know what the fuck they’re doing…. that’s the only thing I can think of.

    Yes, they can mine other coins but they might not understand what is happening with Eth2

  2. Companies are not immune to FOMO. There have been many mining companies through the years that went balls deep during a bubble, and then went bankrupt when the price went back down, or the next halving, etc. I’d wager this is just another one of those.

  3. Maybe its cheaper to mine than to buy Ether until PoS comes out. So they want to accumulate as much Ether as possible to profit as much as they can by staking after ETH 2.0?

    But idk though.

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