Post
Topic
Board Mining speculation
Re: Many Bitcoin Miners Are at Risk of Turning Unprofitable (Bloomberg)
by
rifleman74
on 19/04/2018, 15:24:23 UTC
Yes, spend money to buy BTC and switch off unprofitable miners is always better....

Example:
At the end of the month, u mine at a 50 dollar loss. U spent 1000 dollars on electricity. Hence, mining gives u 950 dollars of bitcoin only. U have lost 50 dollars.

It is BETTER if u just switch off miners and buy 10000 dollars of bitcoin instead. U would then have 1000 dollars of bitcoin. Mining would have given u 950 dollars of bitcoin. Your miner has attained doorstop status. I have 2 of those too haha. Mine is D3.

Where would this magical $10k come from that I would use to buy BTC?   My miners are just fine.    YMMV



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