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Profit is hardly guaranteed considering capital costs. Disregarding that, I'm not sure shovels are the best comparison. Coin mining is pretty predictable in agg
by tedunangst 9y ago
Profit is hardly guaranteed considering capital costs. Disregarding that, I'm not sure shovels are the best comparison. Coin mining is pretty predictable in aggregate, unlike gold mining. If you own mining hardware, you can calculate expected income pretty reliably.
- eitland 9y agoExcept you cannot calculate the price of the mined coins predictably. So renting out mining gear can either be a bet that you think crypto will decline or just a way to reduce risk. (I'm assuming up front payments. )
- csomar 9y agoThere are futures to hedge against that.
- plantain 9y agoOn the lease terms offers (often 2yrs+) the profit is baked in.