Post
Topic
Board Economics
Re: Poor wittle miners taking their ball and going home
by
solid12345
on 14/01/2015, 20:34:29 UTC

Judging from your post, I assume that you must have a room full of ASICs mining away, supporting the network. If not, then why not?


I don't mine, i'm a trader. But I don't walk away from trading just because I make a few bad trades, lose some money and call it quits. Why are miners expected to break even every single day 100% of the time any more than I am?

If a mining company has been losing money for a few months straight then yes I would see the reason for shutting it down, but walking away just because they dipped into the unprofitably stage for less than a few weeks is silly. There are restaurants that can run in the red for months at a time before they finally shut down and their line of credit is dropped. If you claim to run a business then act like one and take the risk otherwise go get  a job working for someone else.