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150 sats \ 0 replies \ @kent_halliburton OP 10h \ parent \ on: I’m Kent Halliburton, CEO and Co-Founder of Sazmining - AMA! AMA
One of my favorite questions. Answer: ROI.
Why?
Bitcoin mining is a novel, 0 to 1 innovation -- the first time in human history we have a decentralized money printer.
It's a simple idea but something most gloss over but: Bitcoin mining is the only way to generate bitcoin
ROI is an evaluation of dollars in on dollars out. Why does it make sense to consider the ROI on Bitcoin mining if it's the only way to generate Bitcoin? It doesn't.
What does make sense, as a bitcoiner, is to evaluate if the sats mined are cheaper than if you purchased them on an exchange, which is a price comparison.