- Joined
- Jun 9, 2018
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Ouch! $7,500 to mine a single shit coin that's only worth $4200 at the moment. Investment of the future right there!
https://cointelegraph.com/news/chin...-mining-devices-by-kilo-amidst-market-decline
People have chosen to mine at a loss to hold the coin to sell later or hold for long term over bitcoin's history. Your mining cost is relative to your electricity cost, it's not the same price for everyone to mine a bitcoin. I could go find an article about the extreme demand for mining hardware at higher prices that's just supply/demand.
And it is the investment of the future.