This is where I'm coming from...
Once I can no longer profit from mining, I'm done with BTC. I'm simply not an investment speculator. And I see no real advantages with buying BTC on an exchange and using it to make purchases. I'd rather just use a credit card and have consumer protection.
I'm not a libertarian and bank failures and politics scare me less than BTC potentially dropping to zero.
In my opinion, the extinction of home miners will ultimately cause the failure of BTC. Home miners actually use their BTC stash as it's intended, to make purchases. Although they just usually spend their saved BTC on new mining gear, lol. They also hoard their earnings while large-scale mining operations continually dump their BTC and exchange for fiat. Which will ultimately causes the price to crash once home miners are completely out of the picture.
This retard doesnt even know mining is also speculating. He thinks that because he didnt pay for those mined btc, its free!.
LOL
Why are you such a despicable, hateful twat?
Speculating and mining are entirely different. Just because there is also an element of risk in buying mining equipment doesn't make it the same as speculating on the price of bitcoin.
I think you're the retarded one.
Dumbfck, i'm not talking about the risk in buying mining rig. The whole mining expense and ROI are based on fiat. So you're hoping the price of btc doesnt fall.
Both mining difficulty and price of btc affect your mining business. But dumb fcks like you dont see it.