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Do you realize that " get a garage/basement, invest 10k in some serious GPU shit and get at it. with the prices continuing to go up, you should come out ahead."
by paraschopra 15y ago
Do you realize that " get a garage/basement, invest 10k in some serious GPU shit and get at it. with the prices continuing to go up, you should come out ahead." is not real value creation and goes in face of Economics 101? If people can make money out of nothing, I'd say it is a bubble which will eventually pop.
- etherael 15y agoAssuming the commodity has value, it's effectively the same as gold mining, it's just that the work is completely automated. The only "money being made out of nothing" is due to quantitative easing in fiat currencies. Bitcoins must be mined, and currently at least the setup and administration necessary to pull that off in a way with decent returns is out of the reach of almost all people (not necessarily people here, though).