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Bitcoin's value proposition: screwup postmortem (rongarret.info)
2 points by lisper on April 14, 2023 | hide | past | favorite | 1 comment



On the original article I commented: Bitcoin mining requires special devices (ASICs). These ASICs would lose their value if Bitcoin lost its value. Given this fact, why would anyone rent them out, or rent out the hash power?[1]

This article points to a website "mining rig rentals"[2]. While the website talks about mining bitcoin or alt-coins the main pitch seems to be that if "you never have to monitor pricing or find the new hot coin to mine as you will always be competitively priced and paid by us" which is only relevant for general miners that can mine different alt-coins.

[1]: https://news.ycombinator.com/item?id=35544416

[2]: https://www.miningrigrentals.com/




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