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A comment on Bitcoin Hash Rate Rapidly Growing Despite Price. Parent comment

Re:Bitcoin Hash Rate Rapidly Growing Despite Price by mattnewton on Friday July 13, 2018 @02:04PM (#17525241)
I have no idea what I am talking about, but I imagine you can exaggerate the returns and downplay the costs on an operation like bitcoin mining to squeeze in your dirty money. Like they would with any cash heavy business where it is hard to determine the actual costs and revenue.
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Re:Bitcoin Hash Rate Rapidly Growing Despite Price by TomMarius on Friday July 13, 2018 @02:12PM (#17525307)
You still need to buy the equipment, and that is expensive. This makes zero sense.
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Re:Bitcoin Hash Rate Rapidly Growing Despite Price by mattnewton on Friday July 13, 2018 @02:30PM (#17525493)
It’s the same process with buying a cash buisiness, you bootstrap it with debt or clean money. You are assuming that the criminal only has access to dirty money, but it’s not that hard to take out a credit card, a loan, and/or have some savings.
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Re:Bitcoin Hash Rate Rapidly Growing Despite Price by TomMarius on Friday July 13, 2018 @06:34PM (#17527461)
The miner is not a magical money machine, it doesn't make so much money. You'd need to keep buying new and new hardware and somebody will get suspicious soon.
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