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You don't need to mine in order to use Bitcoin. Mining is a business, many businesses are capital intensive.
by tlrobinson 13y ago
You don't need to mine in order to use Bitcoin.
Mining is a business, many businesses are capital intensive.
- na85 13y agoI never said you need to mine, but wealthy people who can afford ASIC miners and the energy they require have a much easier time acquiring BTC.
- pudquick 13y agoHaving enough money that you can invest it (in hardware or business processes) to make more money for yourself is an advantage over those people who barely have enough money to live on. I don't consider this a design flaw in the concept of money itself. The same goes for BTC.
- marvin 13y agoPretty sure most ASIC miner guys will come out in the red. Maybe with the exception of the guys making the ASICs.
- TomGullen 13y agoRead bitcoin forums, asics aren't free money and plenty of people will suffer with a net loss. Even buying the ASIC is a risky business.