Quote from: freethrow on March 29, 2014, 02:50:00 PM

Quote from: cayars on March 29, 2014, 02:41:13 PM

Ya think?

Let me give you an example. If you mined BTC right now at exactly $500 USD trade value and earned one BTC but it costs you $10 in electricity. But then held it for a month until BTC goes back up to $650 did you not come out $140 ahead?

In this example you saved $10 in electricity while I made $140 for a difference of $150.

No, you came out $10 down as you could have just bought the BTC instead and been $150 up instead of only $140 up.

You could not be up $150 your way because you didn't have a full BTC. You could only purchase what you saved on electricity which is $10 by not mining and using the savings to purchase with.

If I had $10 (what I saved by not mining) and purchased BTC (assuming no fees) I would be able to purchase 10/500 of 1 BTC or 0.02 btc

in that same time frame mentioned above now when sold at $650 per BTC I'd have 0.02 * $650 or $13 dollars profit before paying fees from investing savings from not mining.

Would you rather have a profit of $13 minus fees
or
$150 minus cost of $10 (electric cost) for $140 profit?

I'd rather have $140 then $13 so it CAN MAKE SENSE TO MINE AT A LOSS!

Not really sure what's so hard to grasp about this?