Sandwell Bitcoin mine found stealing electricity

Re:Sandwell Bitcoin mine found stealing electricity by paulcole on Friday May 28, 2021 @08:38AM (#27314658)

If you’re spending $1500 to mine $1000 in BTC and are bullish about the future of BTC, why not just buy $1500 of BTC?

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Re:Sandwell Bitcoin mine found stealing electricity by SamBam on Friday May 28, 2021 @09:34AM (#27315132)

But surely there's some reality where only buying $1000 BTC and just setting fire to another $500 is somehow more profitable, right?

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Re:Sandwell Bitcoin mine found stealing electricity by thinkmassive on Friday May 28, 2021 @10:00AM (#27315398)

If you agree to purchase $1500/mo from the power company for 12 months, and they’re going to bill you that no matter what, then losing $500/mo (and keeping BTC that’s likely to increase in value eventually) is preferable to shutting down and losing $1500/mo.

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Re:Sandwell Bitcoin mine found stealing electricity by josefresco on Friday May 28, 2021 @09:58AM (#27315369)

Where do you get the $1500?

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Re:Sandwell Bitcoin mine found stealing electricity by wmanley on Friday May 28, 2021 @11:46AM (#27316815)

Where do you get the electricity?

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Re:Sandwell Bitcoin mine found stealing electricity by cecilpl2 on Friday May 28, 2021 @11:49AM (#27316860)

... from working?

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