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So regarding your first point, the merge has been coming for years now. I suspect the folks who kept mining and didn't dump their cards earlier were basically
by BaseballPhysics 4y ago
So regarding your first point, the merge has been coming for years now. I suspect the folks who kept mining and didn't dump their cards earlier were basically making the bet that the merge would fail or get delayed once again.
If they had been right, it would've meant more mining rewards going to fewer miners. So it's an understandable bet. They just bet wrong.
- LazyMans 4y agoYes, also, if they acquired these cards at or below MSRP. Now they can dump these GPUs and only take a loss of 10-20% on the hardware. Much less than the profits made while mining.