Re:Bitcoin Can Drop 50% and China Miners Will Still Make Money
by NamTaf on Wednesday January 10, 2018 @10:58PM
(#16121303)
Why would they with the insane transaction fees, instability of value and slow transaction time? It’s of very limited use as a currency.
Miners and mining hardware makers don’t actually care for bitcoin from a philosophical point of view, so they have no incentive to use it as a currency. It’s literally just a means to an end for creating value to them. If they were growing tulips instead, you’d see them investing in farming techniques just as happily.
Miners and mining hardware makers don’t actually care for bitcoin from a philosophical point of view, so they have no incentive to use it as a currency. It’s literally just a means to an end for creating value to them. If they were growing tulips instead, you’d see them investing in farming techniques just as happily.