I see my comment about Masterluc was indeed stale - gentlemand laid it down long before I did. I hope the next one isn't. I'm still catching up. Under 10 pages behind atm, but I've got a life and my WOT'ing is episodic these days. I should also change my hat but whatever.
It's an idiot scam chart.
(snip - unusually some sense with no joo talk)
That is the lamest argument!
1) Production cost of BTC is always changing and mostly climbing up. When BTC is $225,000 the cost of producing it will much much higher than $3000 to $6000 USD.
2) The current cost is in the $3000 to $4000 range but BTC is trading at over $10000. Why do people trade it when they could mine it so much cheaper?
I think the issue with realr0ach is mixing up marginal cost (cost for mining your next bitcoin) - and initial, fixed and recurrent costs (buying the equipment before Bitmain makes sure it's obsolete by using it "for testing", maintaining it). Those initial costs are too much of a risk. Risk a dozen grand so I can mine 0.4 coins at 3k per coin over a few months? I wouldn't do it, personally, if I didn't know damn well what it entails. Not even OG miners here do. My numbers might be off - I know jackshit about mining - but work out the arithmetic and see what you come up with.