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Or: 3. VCs invest in miners, and the investment money is used to pay the costs until the price rebounds.
by 21 8y ago
Or:
3. VCs invest in miners, and the investment money is used to pay the costs until the price rebounds.
- garmaine 8y agoIt would be cheaper and significantly easier to just buy coins though.
- 21 8y agoIt's not such a clear cut decision. You can only buy once, while the miner can produce for many years, especially now when the ASIC tech reached the state-of-the-art so progress is slower.
- garmaine 8y agoNo they really don’t. I have quite a bit of experience with modern mining hardware and they aren’t designed to last more than about 6 months or so. It’s about extracting the maximum hashes per watt for the early period of ownership when difficultly is low, damage to hardware be damned.