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by Obi_Juan_Kenobi
1821 days ago
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Miners are necessarily 'long' due to the capital investment in mining gear. Granted, this cost is less than the marginal electricity costs for mining, it is nevertheless significant. The risk associated with colluding for a 51% attack, the risk of financializing such a huge short position, and the near certainty of your capital investment becoming worthless all mean that this isn't a compelling proposition. |
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