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0 sats \ 2 replies \ @Bell_curve 11 Nov \ on: The Cope Multiple bitcoin_Mining
Financially irrational but if your goal is to stick it to the man and be ungovernable, maybe it is rational from a non financial perspective (utility is not only money).
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21 sats \ 0 replies \ @OT OP 11 Nov
It does feel like a duty for bitcoiners to do a little mining at home. Just in case all these huge mining farms get captured somehow.
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0 sats \ 0 replies \ @Bell_curve 11 Nov
from the link:
The good news is that fortunes are made in irrational markets, not rational ones. Armed with good information, one might succeed as buyer or a seller. In the land of the blind, the man with one eye is king. It is very likely that the winners in this game are those who 1) earn enough Bitcoin outside of mining to hold in reserves; and 2) can effectively deploy their Bitcoin to ongoingly lower their fixed USD costs, for this seems to be the only real path to rational mining returns. In future analyses, I’ll explore strategies where miners can leverage their Bitcoin reserves to reduce operational costs, potentially transforming the economics of mining. Stay tuned.
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