News for hackers. Stuff that matters.

A comment on Intel to spend $20B on two new chip factories in Arizona. Parent comment

Re:Intel to spend $20B on two new chip factories in Arizona by baybal2 on Tuesday March 30, 2021 @06:21AM (#26632946)
> And it’s useless for mining.

Tell these to people who keep mining at loss for god knows what reason

[ Parent | on HN ]
Re:Intel to spend $20B on two new chip factories in Arizona by gruturo on Tuesday March 30, 2021 @06:39AM (#26633026)
They may be counting on the price going up in the future, given past trends. It's not like they have to immediately sell whatever they mine.

(Yes, if you are really betting on that, you may as well skip the mining and buy the coins outright, but maybe they have cheap power or other reasons)

[ Parent | on HN ]