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Why do you think that mining is not profitable? In my country there are places where electricity costs 2 cents, another miner's electricity costs $0.002. If your electricity is more than 10 cents, then you only have one option, and that is HODL. how many miners can you run at that 2 cents price? 3 of them? all these unrealistically low prices are non-expandable and unsustainble, i am talking about a reasonable and legal mining business, not someone outsmarting/ cheating thier landlords. if any place on planet earth had 2 cents power rate for actuall mining, the U.S farms with 5 cents would have gone under the water. Furthermore, mining at home is difficult, the noise, the cooling, still, even with close to cheap power, in the long run Hodling beats mining, you still need to consider gear failire, maintance, cooling and infrastructure, it is not just power rate. And what makes you think the minimum price in the US is 5 cents? I've seen data that mining companies in Texas buy electricity cheaper. In my country I will say that every miner uses as many Asics as he can if it is profitable. I posted a picture with 1 asic on the balcony, and those who can do more, use several dozens of asics.
Why do you think that mining is not profitable? In my country there are places where electricity costs 2 cents, another miner's electricity costs $0.002. If your electricity is more than 10 cents, then you only have one option, and that is HODL. how many miners can you run at that 2 cents price? 3 of them? all these unrealistically low prices are non-expandable and unsustainble, i am talking about a reasonable and legal mining business, not someone outsmarting/ cheating thier landlords. if any place on planet earth had 2 cents power rate for actuall mining, the U.S farms with 5 cents would have gone under the water. Furthermore, mining at home is difficult, the noise, the cooling, still, even with close to cheap power, in the long run Hodling beats mining, you still need to consider gear failire, maintance, cooling and infrastructure, it is not just power rate. And what makes you think the minimum price in the US is 5 cents? I've seen data that mining companies in Texas buy electricity cheaper. In my country I will say that every miner uses as many Asics as he can if it is profitable. I posted a picture with 1 asic on the balcony, and those who can do more, use several dozens of asics.
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miguel's wife
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Why do you think that mining is not profitable? In my country there are places where electricity costs 2 cents, another miner's electricity costs $0.002. If your electricity is more than 10 cents, then you only have one option, and that is HODL. how many miners can you run at that 2 cents price? 3 of them? all these unrealistically low prices are non-expandable and unsustainble, i am talking about a reasonable and legal mining business, not someone outsmarting/ cheating thier landlords. if any place on planet earth had 2 cents power rate for actuall mining, the U.S farms with 5 cents would have gone under the water. Furthermore, mining at home is difficult, the noise, the cooling, still, even with close to cheap power, in the long run Hodling beats mining, you still need to consider gear failire, maintance, cooling and infrastructure, it is not just power rate. And what makes you think the minimum price in the US is 5 cents? I've seen data that mining companies in Texas buy electricity cheaper. In my country I will say that every miner uses as many Asics as he can if it is profitable. I posted a picture with 1 asic on the balcony, and those who can do more, use several dozens of asics.
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leywinz
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Why do you think that mining is not profitable? In my country there are places where electricity costs 2 cents, another miner's electricity costs $0.002. If your electricity is more than 10 cents, then you only have one option, and that is HODL. how many miners can you run at that 2 cents price? 3 of them? all these unrealistically low prices are non-expandable and unsustainble, i am talking about a reasonable and legal mining business, not someone outsmarting/ cheating thier landlords. if any place on planet earth had 2 cents power rate for actuall mining, the U.S farms with 5 cents would have gone under the water. Furthermore, mining at home is difficult, the noise, the cooling, still, even with close to cheap power, in the long run Hodling beats mining, you still need to consider gear failire, maintance, cooling and infrastructure, it is not just power rate. And what makes you think the minimum price in the US is 5 cents? I've seen data that mining companies in Texas buy electricity cheaper. In my country I will say that every miner uses as many Asics as he can if it is profitable. I posted a picture with 1 asic on the balcony, and those who can do more, use several dozens of asics.
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