Post
Topic
Board Beginners & Help
Re: The future of mining
by
vertak
on 07/06/2014, 07:11:03 UTC
Isn't mining inherently "inflationary" because of things like Moore's law and technological progress? I say inflationary because just like a dollar today is worth less than a dollar in a year because of monetary inflation, a brand spanking new butterfly labs ASIC with 600GH rate is going to be less valuable in a year when that ASIC becomes outdated. Since buying large amounts of these mining devices is a large upfront cost, why would anyone ever choose to go this route?