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A comment on One Bitcoin miner is buying 20,000 16nm wafers from TSMC per month. Parent comment
Simplistically they're betting on:
(cost to you of mining a bitcoin)-(cost to everybody else of mining a bitcoin) * (time it takes to reach equilibrium)
being a very big number...
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Simplistically they're betting on:
(cost to you of mining a bitcoin)-(cost to everybody else of mining a bitcoin) * (time it takes to reach equilibrium)
being a very big number...