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Lend money to India.... that they earned from Bitcoins‽ That's kind of a circular logic, isn't it?
by whitesilhouette 3y ago
Lend money to India.... that they earned from Bitcoins‽ That's kind of a circular logic, isn't it?
- deleted 3y ago[deleted]
- lordlimecat 3y agoThe article (and Bhutan) are strangely cagey about whether this process has actually generated a return. Spoiler: it hasn't.
- RestlessMind 3y agohttps://thebhutanese.bt/dhi-confirms-that-it-is-mining-digital-assets/ https://thebhutanese.bt/dhi-confirms-that-it-is-mining-digit... Per a Bhutanese source, it has been mining BTC since it was 5000$. Also, the electricity is free so it hasn't lost any serious money given the low expenditure. Last time BTC was 5000 was in Mar 2020 so given that they are still doing it, I don't see why this is unprofitable for them. If it was, they would have stopped by now.