Why are Bitcoin mining machines so expensive?


Why would someone decide to market a free bitcoin mining equipment, if it'd be profitable to maintain the machine and operate it for them, and then sell the ensuing Bitcoins which were mined? That is why the miners are so pricey. They need to produce more profit up front for your vendor, otherwise the vendor would keep them .

For example, let us say I've a Bitcoin miner, and I have combined a legit mining pool, and'm making 1 Bitcoin daily. Since the Bitcoin problem is (generally ) continuously climbing, this payout will probably get worse over time, as my miner faces more competition and begins to fall behind. Let us say it finally peters out to zero following a year of surgery, and in that moment, I left 180 Bitcoin. Not bad! So, there's absolutely no reason I'd sell this machine for less than that front, otherwise I would be losing money.

Obviously, there could be a particular circumstance: I want money instantly and'm not ready to wait, therefore that I sell at a loss to be able to receive my cash today. Or, my price of power only went up, along with my mine is currently unprofitable, therefore I sell to someone else that resides in a place where electricity is more economical. Or, I can not get to sleep since the cooling fans in my miner are so noisy they are bothering the whole residence. These conditions are rare, however. So, that is why Bitcoin miners are so expensive today, because people understand just how much value they'll profit by keeping them , and do not usually wish to give up this worth.

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