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If you’re spending $1500 to mine $1000 in BTC and are bullish about the future of BTC, why not just buy $1500 of BTC?

• SamBam 5y ago
  But surely there's some reality where only buying $1000 BTC and just setting fire to another $500 is somehow more profitable, right?
  • thinkmassive 5y ago
    If you agree to purchase $1500/mo from the power company for 12 months, and they’re going to bill you that no matter what, then losing $500/mo (and keeping BTC that’s likely to increase in value eventually) is preferable to shutting down and losing $1500/mo.
• josefresco 5y ago
  Where do you get the $1500?
  • wmanley 5y ago
    Where do you get the electricity?
  • cecilpl2 5y ago
    ... from working?