But surely there's *some* reality where only buying $1000 BTC and just setting f... | Hacker News

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		SamBam on May 28, 2021 \| parent \| context \| favorite \| on: Sandwell Bitcoin mine found stealing electricity But surely there's some reality where only buying $1000 BTC and just setting fire to another $500 is somehow more profitable, right?

thinkmassive on May 28, 2021 [–]

If you agree to purchase $1500/mo from the power company for 12 months, and they’re going to bill you that no matter what, then losing $500/mo (and keeping BTC that’s likely to increase in value eventually) is preferable to shutting down and losing $1500/mo.

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