That's one interpretation, but he did say "running their supercomputers", which implies they're running machines they already own at a loss. It's obvious that y

That's one interpretation, but he did say "running their supercomputers", which implies they're running machines they already own at a loss. It's obvious that you'd run a machine you already own as long as it's profitable to do so. "Of course sooner or later, due to Moore's law and the way bitcoin works, the operating costs themselves will exceed the value of bitcoins mined. But that is years into the future." I'm not sure what you're referring to. The block reward schedule (halving every 4 years)? How does Moore's law come into play?