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Yeah that's what I meant by "engaging in speculation", but as someone else pointed out, it would be far more rational to stop mining and buy $20 worth of Bitcoi
by tlrobinson 12y ago
Yeah that's what I meant by "engaging in speculation", but as someone else pointed out, it would be far more rational to stop mining and buy $20 worth of Bitcoin rather than spend $20 mining $10 worth of Bitcoin...
- x3sphere 12y agoFor small-time miners, yes. But wouldn't any large scale operation run the risk of moving the market? By mining, they continue to amass coins without having to worry about this, so maybe that is a factor.