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That's a sunk cost. The question wasn't "is it profitable to begin mining Bitcoin?", it was "is it profitable to mine Bitcoin?" Miners already have the equipm
by LyndsySimon 13y ago
That's a sunk cost.
The question wasn't "is it profitable to begin mining Bitcoin?", it was "is it profitable to mine Bitcoin?"
Miners already have the equipment - as long as proceeds don't drop below energy costs, mining will continue at current levels.
- dragonwriter 13y ago> Miners already have the equipment - as long as proceeds don't drop below energy costs, mining will continue at current levels. Doesn't that assume that mining equipment has infinite useful life?