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zim322017-10-16 23:09:27
bitcoin
zim32, 2017-10-16 23:09:27

Why sell mining equipment?

Why would mining equipment manufacturers sell it if they can earn more from it just by starting to mine on it?

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4 answer(s)
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Nikita, 2017-10-16
@jkotkot

During the gold rush, those who sell shovels and other services to simplify mining are the ones who consistently earn the most money.
This is also based on the fact that equipment buyers think that they get an advantage over the rest by buying equipment, but if everyone buys it, then no one will have an advantage. And equipment manufacturers in any case remain in a stable predictable gain.
https://pikabu.ru/story/skolko_zarabotano_na_zolot...

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15432, 2017-10-16
@15432

Sale of equipment - quick income. Sold and received money. It takes a long time to make a profit by mining + risks of exchange rate fluctuations + payment for electricity, renting a room.
In the days of the gold rush, it was the sellers of tools who made very good money.

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Dmitry Entelis, 2017-10-16
@DmitriyEntelis

The answer is very simple.
Equipment cost > (
cost_of_a_crypto_that_can_be_mined_in_a_foreseeable_time - cost_of_electricity_for_mining) Sometimes this algorithm fails, which leads to price spikes.
A recent example is the 1080ti price doubling.

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âš¡ Kotobotov âš¡, 2017-10-17
@angrySCV

> if they can earn more
on it, the fact of the matter is that it’s all written with a pitchfork on the water, now they can earn, and tomorrow it will all cost 0.

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