Re: Chinese Miners Revolt, Announces Plan to Hard Fork to Classic
some people cannot simply accept that the miners like other individuals or companies are after pure profit and they don't care if BTC burn or not. this is a business and nothing more.
Of course, the miners are investing because they earn tons of money DAILY. they invest in hardware because a better hardware = more money/cash(not shit on walls) DAILY.
Is BTC going down/no more profit? OK! They earned ALOT and they will find other businesses where to "invest"
Of course, the miners are investing because they earn tons of money DAILY. they invest in hardware because a better hardware = more money/cash(not shit on walls) DAILY.
Is BTC going down/no more profit? OK! They earned ALOT and they will find other businesses where to "invest"
That's what some people here seem to miss -- yeah, miners have invested oodles of money, but that investment is amortized in months, not even years!
It's not like the gear won't be worthless in a few months anyway, how can people miss this? Bah!