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If you were mining bitcoins fast enough to overtake the natural growth of the network and selling them to profit from this activity, you would be creating a tre
by dvogel 14y ago
If you were mining bitcoins fast enough to overtake the natural growth of the network and selling them to profit from this activity, you would be creating a tremendous amount of downward pressure on the dollar value of a bitcoin, rendering your operation less profitable. Therefore you can't assume the current price of $5.
- mike-cardwell 14y agoYes. I mentioned that in my edit a few seconds after the original comment.