Re:China Bans Bitcoin Executives from Leaving Country, Miner...
by Nursie on Wednesday September 20, 2017 @08:33AM
(#15292986)
But over what time period?
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Re:China Bans Bitcoin Executives from Leaving Country, Miner...
by lmm on Thursday September 21, 2017 @11:05AM
(#15304143)
At a guess we'd be talking 6 months - 2 years - my vague memory/impression is that's roughly the timescale on which mining hardware goes from new to worthless. If you're more vertically integrated in terms of buying datacenters/chip fabs/what-have-you then I'd imagine longer.
Re:China Bans Bitcoin Executives from Leaving Country, Miner...
by corysama on Wednesday September 20, 2017 @11:37AM
(#15294944)
There was an article posted a few weeks ago about a large Chinese mine that was doing $200K/day.
Re:China Bans Bitcoin Executives from Leaving Country, Miner...
by Nursie on Wednesday September 20, 2017 @11:40AM
(#15294971)
Sure, and that's a lot, I'm just wondering if there's anything approaching a investment->return timescale.
Not that it really matters! It's not like I have a few mil hanging around looking for something to do...