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by at-fates-hands 4313 days ago
I couldn't agree more. The overhead must be staggering. New construction, all that equipment to purchase, set up and keep running, the amount of electricity it takes to power the whole thing, monthly warehouse rent.

This has to be a loss leader, I see no way this is a positive ROI anywhere in the near future.

1 comments

You understand it is making $90k/day revenue?
What's cost of the new construction? Maybe 5-10 million? What's the upfront costs of all the miners? Maybe another 2-3 million? What's the electricity costs to run the machines per month? Maybe a few hundred thousand?

Even at 90K/day, this guy has a gigantic hole to crawl out from under before he starts to sniff a profit. That's assuming that 90K is a constant for the next 6-8 months. What if his production slows down or the market swings down in a day and he loses a few million?

BTC is anything but stable, and any way you look at it, it's a huge risk.