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Let's assume your mining rig costs $1 to run, generates 1 FAKECOIN with a current value of $.90. That first month you pay $0.10 out of pocket for 1 FAKECOIN.
by josefresco 5y ago
Let's assume your mining rig costs $1 to run, generates 1 FAKECOIN with a current value of $.90. That first month you pay $0.10 out of pocket for 1 FAKECOIN. If you had just purchased 1 FAKECOIN, it would have cost you $1. 10x the cost. Like a startup, this is not sustainable without external factors changing. "Just buy it directly" requires a separate income.
- addingnumbers 5y agoHang on. You think the power company only asks for $0.10 after you use $1 worth of power that month?
- josefresco 5y agoMy mistake, I'm a moron. The math is just worse, because you'd have to cash out some of your FAKECOIN for electricity. I'll accept the downvotes with dignity!
- cecilpl2 5y agoYou'd have to cash out all of your FAKECOIN for electricity and still be out $0.10, with no FAKECOIN left.
- josefresco 5y agoClearly, mining and math on Friday is not for me lol