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Oh I understand mining economics quite well. The comment I was responding to however claims that some people will continue to mine at a loss after the subsidy i
by maaku 11y ago
Oh I understand mining economics quite well. The comment I was responding to however claims that some people will continue to mine at a loss after the subsidy is negligible. However that assumes that people would be willing lose hundreds of millions of dollars per year on power costs just to meet current security levels, let alone whatever level of higher security might be required in a moonshot scenario.
- tmornini_ey 11y agoMillions of people collectively losing hundreds of millions of dollars a year is less than $1/month individually.