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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 21 on Friday July 13, 2018 @03:35PM (#17525997)
Or:

3. VCs invest in miners, and the investment money is used to pay the costs until the price rebounds.

[ Parent | on HN ]
Re:Bitcoin Hash Rate Rapidly Growing Despite Price by garmaine on Friday July 13, 2018 @05:00PM (#17526653)
It would be cheaper and significantly easier to just buy coins though.
[ Parent | on HN ]
Re:Bitcoin Hash Rate Rapidly Growing Despite Price by 21 on Friday July 13, 2018 @06:42PM (#17527501)
It's not such a clear cut decision. You can only buy once, while the miner can produce for many years, especially now when the ASIC tech reached the state-of-the-art so progress is slower.
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Re:Bitcoin Hash Rate Rapidly Growing Despite Price by garmaine on Friday July 13, 2018 @09:33PM (#17528257)
No they really don’t. I have quite a bit of experience with modern mining hardware and they aren’t designed to last more than about 6 months or so. It’s about extracting the maximum hashes per watt for the early period of ownership when difficultly is low, damage to hardware be damned.
[ Parent | on HN ]