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The eternal question I always have is: if you make machines that print money, why would you sell them? There are several plausible answers, but it's still inte
by IvyMike 13y ago
The eternal question I always have is: if you make machines that print money, why would you sell them?
There are several plausible answers, but it's still interesting to think about.
(Although in this case, the answer may be "they don't make machines that print money and they sell them anyway")
- wmf 13y agoThe eternal answers from every mining thread: if you need crowdfunding to pay for your NRE or if you would prefer to have USD instead of BTC or if you would prefer to have a certain amount of money now rather than an uncertain amount later, etc.
- betterunix 13y agoThe most obvious answer is this: you sell the money printing machine for more than the money it would have printed. In other words, anyone selling a mining rig believes that they will make more money from the sale than they would make from actually using the machine. If you buy the rig, you are making the opposite bet. It is similar to futures trading.
- kandalf 13y agoA good question to ponder. But I think a very strong answer is that as a company producing bitcoin hardware you want to reduce exposure to bitcoin. Selling the machines (monetizing their future use value) instead of using them yourself does that to some extent.