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I'm trying to imagine how many days I would lose money mining in hopes of helping establish equilibrium. I can't imagine miners are very altruistic. I can also
by labrador 4y ago
I'm trying to imagine how many days I would lose money mining in hopes of helping establish equilibrium. I can't imagine miners are very altruistic. I can also imagine many of them deciding the party is over and selling their valuable hardware. I don't have a clue what happens when nobody wants to mine it.
- rag-hav 4y agoThe hardware would sell for a loss. But if they eat losses for 2 weeks, they could continue to extract profit from their hardware.