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The other thing is that eventually the sats earned will be worth more than the fiat spent, but the real comparison is whether you have more sats than if you had just bought bitcoin (net the heating savings).
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Yea, I’ve definitely seen the fiat value in my mining stack grow a lot. Probably not outpacing if I had just bought corn though
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It’s definitely an involved process to truly evaluate the ROI. I’m sure I’m spending a lot more on electricity but I’ve also got quite a few sats earned now. Certainly not profitable though