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by metrix 62 days ago
They're using the analogy of mining for gold. the cost of a shovel/pitchfork goes up when the price of gold goes down - which is a double whammy
1 comments
shlant 62 days ago
you didn't answer the question. A shovel in this case is the equipment + energy needed to mine (GPU's etc.)
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raverbashing 62 days ago
Which is pretty much obvious to anyone who has heard of bitcoin in the year of our lord 2026

Especially since the "sell shovels during a gold rush" has been used to apply to nVidia

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latexr 62 days ago
But the person upstream hasn’t. It’s not obvious to them. Which is why a good answer has to include the detail.
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