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by saalweachter
4617 days ago
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Yeah, the word for businessmen who sell goods at less than the cost to produce them is "bankrupt". I don't doubt more than a few miners have lost quite a bit of money selling below cost -- probably most without realizing it -- but I have to assume they have all been weeded out by now, given the notorious fierceness of the mining world. Selling BTC below cost might help stave off bankruptcy for one billing cycle, but on the next you'll be deeper in the hole than you were before. |
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I'm guessing here, but I think mining is currently on the level of individuals and not corporations.