DasFrettchen on Nostr: 1. The price of electricity is prohibiting and according to my calculations it is way ...
1. The price of electricity is prohibiting and according to my calculations it is way more profitable to just buy it directly.
2. The HASH rate just spirals out of control higher and faster than the BTC price, which makes the miner less and less profitable.
3. The fiat price of the full mining setup will take years to be paid back by the mining operation.
4. The BTC price of the mining operation can never be paid back.
Bulk buying of machines + almost free electricity makes the operation profitable, but buying BTC is more profitable. Ask the biggest miners, they are buying bitcoin themselves.
2. The HASH rate just spirals out of control higher and faster than the BTC price, which makes the miner less and less profitable.
3. The fiat price of the full mining setup will take years to be paid back by the mining operation.
4. The BTC price of the mining operation can never be paid back.
Bulk buying of machines + almost free electricity makes the operation profitable, but buying BTC is more profitable. Ask the biggest miners, they are buying bitcoin themselves.