Yeah but selling rigs means losing whatever the msrkey figures is amortized, and the transportation and taxes. It would be so much better if rigs could sit there and do other tasks
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I don't remember the reasoning... But you don't want the mining rigs to be useful for anything but mining Bitcoin. It's supposed to be better for Bitcoin that way
Interesting. I'd like to know the reasoning for that.
They're only good for hashing.
It's just a trade off for specialising.
They do one thing faster than any other chip.
They can also be used to mine/attack any fork of Bitcoin.
Bitcoin the token has been trading sideways for a long time. It sounds like miners are starting to capitulate. When bitcoin's price has another leg up, all the incentives shift again.
If AI hardware could compete with ASICS, Bitcoin would have a decent mining attack vector risk. What protects Bitcoin is the fact that it's more profitable & less risky to be an honest/cooperative miner.
The self correcting incentives of Bitcoin is something so magical, one might think they're divine.