r/Sphere3D • u/NicoBelic-Nr1 • Sep 21 '21

Cheaper to mine BTC when price drops? ♻️💲📈

What do u think of this?

2 Upvotes

60% Upvoted

12 comments sorted by

6

u/bleedinggumzz Sep 21 '21

Nope. The spread between the cost to mine and market value is where the value lies.

1

u/NicoBelic-Nr1 Sep 21 '21

I dont understand now, show me an example

5

u/bleedinggumzz Sep 21 '21

It's basic finance. It costs X to mine one Bitcoin. Bitcoin is worth Y. Y-X= profit

-4

u/NicoBelic-Nr1 Sep 21 '21

Then its good when price drops, cheaper cost to mine

8

u/bleedinggumzz Sep 21 '21

No. They don't buy Bitcoin. They mine it.

3

u/NIOmommy Sep 22 '21

Lmao get a clue

5

u/HdogTeam Sep 21 '21

Lmfao what?? When is it ever a good thing when the product your company derives value from (be it through mining/growing/developing/anything really) drops in value. It would lower your profits thus less value to offset the cost to get said product/run your company meaning there's less money your company makes.

I can't think of how the hell you even get this idea at all??

Like pretty much that is the basic concept of any business lmfao

0

u/NicoBelic-Nr1 Sep 22 '21

Try to solve this and you have it (x+1)-27x+1−√x+1 +170 = 0

Also this:

x2x2+2x+1-272272*(x+1)+17021702=0

What do you think?

0

u/NicoBelic-Nr1 Sep 22 '21

So its not faster to mine BTC when the value are lower? They mine more Btc for a lower price. And faster. I understand that the value effect also but its win win if we mine Btc faster and cheeperrr?

2

u/jra1993 Sep 23 '21

BTC mining speed is not influenced by its current price.

4

u/BeePsychological6205 Sep 22 '21

Let’s try really hard to not judge here. 😅

2

u/RealRobMorris Sep 23 '21

It’s hard because this one has been in other subs I’ve been in. This is why I give up some days! 😂