Post
Topic
Board Services
Re: GPUMAX | The Bitcoin Mining Marketplace
by
dust
on 14/07/2012, 11:22:34 UTC
In that case, who would ever pay the premium? Huh

Vandroiy,

I am, again, going to make this quite simple for you. Paying a premium on shares and running them on deepbit is like gambling. If deepbit gets lucky, you get more coins than you paid. If deepbit is unlucky while you are running your purchase, you get less coins than you paid. Miners and pirate are the house in this case, winning every time a bet is placed. Purchasers are the gamblers trying to win big.

Best,
gigavps
I highly doubt there is a huge market for -EV mining "gambling".  There are many gambling games that have less of a house hedge and are more fun than mining.