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In general, the profit margin for miners becomes slimmer through time as the competition to break into bitcoin mining increases and the barriers to entry are higher than ever. Customers have in general had poor experiences with ASIC manufacturers who have delivered the mining products late, making the hardware purchase a net loss for the investor. The situation is not so grim for the miner, however, because the bitcoin price and price velocity are as high as they have ever been, and are not showing signs of flinching.
Despite the apparent victory for the miner when the price rises, it is a common misconception that a positive return of investment can be saved for a poor mining hardware purchase if the bitcoin price rises enough. This is not actually true – well…
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