Quote from: ElectricMucus on October 27, 2014, 01:02:19 AM

Quote from: brg444 on October 27, 2014, 12:55:59 AM

Quote from: ElectricMucus on October 27, 2014, 12:48:33 AM

Not really a counter, just this: It's possible that nobody who is starting mining now breaks even, even with cheap or stolen electricity. (If you'll assume a constant btc price, free electricity and >2% periodic difficulty increase for instance no consumer miner makes money ever)
In that sense Bitcoin mining is a gamble in it's own and so larger mining farms aren't necessarily more risk-aware.

This is not the case, it certainly is still doable to mine at profit, even at current price

With a theoretical ROI of over a year which is far from certain. If the price tanks even further I'd even say that most of these farms gonna be out of business a year from now.

Sure, that's if you believe the price is still gonna be down a year from now.

They're betting it won't and you can be certain they know more than you about the dynamics of this market.