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rinx  ·  3045 days ago  ·  link  ·    ·  parent  ·  post: What Satoshi Did

If the only value in mining is made by bitcoin increasing, then you should never mine, since you could just buy bitcoins today then sell them later. I think most miners just hope one day the price will jump so high it will justify the electric use. Of course, by then, more efficient miners will have been created, so in general it seems like a pretty bad idea.