In China’s Hinterlands, Workers Mine Bitcoin for a Digital Fortune
1–3 of 3 posts
Re: In China’s Hinterlands, Workers Mine Bitcoin for a Digital Fortune
#2I'm wondering how much capital went into this, and at what point it becomes profitable for the company.
Re: In China’s Hinterlands, Workers Mine Bitcoin for a Digital Fortune
#3I'm wondering how much capital went into this, and at what point it becomes profitable for the company.
Quite a decent amount as ASICs aren't cheap, and buildings/land aren't cheap either (despite this being the cheapest region in the world for this type of stuff).
Then couple this with the fact that your profits are heavily affected by market price swings.
Not the easiest business in the world I'd say :)