Post
Topic
Board Mining speculation
Re: Many Bitcoin Miners Are at Risk of Turning Unprofitable (Bloomberg)
by
rifleman74
on 18/04/2018, 22:27:34 UTC
That makes no sense....

For example, if u will mine and make 20 dollar loss in a month. U should just buy bitcoin. The end result is that u get 20 dollars more bitcoin for the same amount of money u would have paid for electricity. U dont have to buy hardware either.

U will get $1000 of bitcoin from buying bitcoin, rather than get $980 bitcoin from mining, in this example.

Wait, so I spend MORE money to buy BTC instead of using the miners I already have?  Now if you said sell the miners and get into BTC, then you'd have something.  Otherwise you're just chasing the cheese and never reaching it.



Moderator's note: This post was edited by frodocooper to remove a nested quote.