Post
Topic
Board Mining speculation
Re: Antminer S3 - Profit is Impossible
by
brian_23452
on 08/07/2014, 19:26:58 UTC
What if the coin goes DOWN?

Can you profit buying the coin (shorting BTC is very difficult from what I understand) if the exchange rate drops?  A miner can.

Purchase miner for 0.75BTC.  Mine 0.375BTC.  BTC goes down to say $100.  You have 0.375BTC worth $37.50.
Don't purchase miner, keep the .75BTC.  BTC goes down to say $100.  You have 0.75BTC worth $75.00.

No matter what happens with the exchange rate of BTC or whether it goes up or down, 0.75BTC is always more than 0.375. 
At this point I simply refuse to believe that anyone can be this obtuse or ignorant.  You must be trolling.