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The reporter clearly doesn't understand the difference between fixed and marginal costs. It's possible for Bitcoin mining to be profitable on a marginal basis
by harryh 12y ago
The reporter clearly doesn't understand the difference between fixed and marginal costs.
It's possible for Bitcoin mining to be profitable on a marginal basis while at the same time not profitable once you take into account capital costs. So you keep mining because you make money on a day by day basis but not enough to pay back the costs of acquiring your original hardware.