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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
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Let’s give Kevin_Lee a warm welcome! 👏👏👏
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Think of Mining Rig manufacturers as casinos and those involved in Mining as participants in a Ponzi scheme.
The problem has changed
1️⃣ The tokens produced by participating in the fund pool are in deficit, so whether he mines or sells after mining is not profitable.
From the perspective of game theory, there will be a part of people who do not mine and a large part who do not sell, because it is better not to mine than to sell.
2️⃣ For the market maker, after harvesting this batch of Miners, there is motivation to pump and sell Mining Rigs.
Reference CKB, pump while having a meeting and sell Mining Rig at the same time