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?
[ Parent
| on HN ]
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.