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It's pretty simple, if it costs you 1 dollar to mine a bitcoin and someone (the market) wants to buy that bitcoin for 2 dollars, that cost is worth it. It doesn
by mercenario 6y ago
It's pretty simple, if it costs you 1 dollar to mine a bitcoin and someone (the market) wants to buy that bitcoin for 2 dollars, that cost is worth it.
It doesn't matter what that cost is, if it's 1 dollar in energy or 1 dollar in wages or whatever, it costs $1 and you sell by $2, you profit, the cost was worth it.