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But then you no longer have your mining hardware to mine with when it does go back up...I don't think you understand any of this.
by oreo81 9y ago
But then you no longer have your mining hardware to mine with when it does go back up...I don't think you understand any of this.
- anigbrowl 9y agoThe other poster said turn it off, not scrap it.
- oreo81 9y agoHe edited his comment. He had previously said "sell" not turn off.
- mkempe 9y agoAbsolutely not; you may have misread? If I had considered selling off the capital there would have been some USD amount attached to that sale!
- oreo81 9y agoWhere does the 100 dollars to spend on 2 coins come from? Turning off your rig would give you 100 like selling would. It's already established you're a liar though.
- mkempe 9y agoFrom the same place as the money to pay for electricity would have come from... It's a simple arithmetic problem; John has USD 100, he can either spend it on electricity (to produce 1 BTC) or he can buy 2 BTC. Obviously owning 2 BTC is better than owning just 1, so the more profitable path is to spend the money buying BTC instead of paying for electricity to mine at a loss. I hope this helps.
- oreo81 9y agoThat's wrong, you don't get the money you'd save on electricity up front like you would from selling your rig. You're just digging yourself a hole.