So I’m not too familiar with crypto but I had the following question.
What would happen if a good portion of our community decided to mine SHIB ?
I was experimenting with mining SHIB for 24 hours to see what it would look like in terms of volume. I have a RTX 2070 Super which I OC’d to: -150 Core Clock and +1000 Memory Clock, Fan Speed at 70%, Power Limit at 70% and Temp limit at 72-C. I got this configuration so the card wouldn’t go over the 68-C, which is recommended for mining coins.
With this, I was able to mine about 120K SHIB in a 24hr period, which turns into roughly 2 Million SHIB coins a month. Which then can be sold for roughly $56.40 with today’s price on SHIB of 0.00002835 USD.
Then I started to wonder, what if more of us mined SHIB? If we take in more of the circulating coins out in combination with the NTF’s, would the price begin to rise?
How many of us would have to mine assuming the same rate which I mine to really cause a significant move?
Just a probing question, really curious on your theories to what that could potentially look like.