- Jul 22, 2001
Why wouldn't the government want to use a currency they can't just print more of?
beacause btc is not backed on the govts say so and economy like the us dollar is.
Crypto currencies are backed by math very very complex math driven by demand and how many cycles are tossed behind them. Btw in a years time the op's setup there can generate about $100,000 usd and his power bill is up about 1400 per month he makes about 300 per day...
till the bubble bursts and you left with 20k in computer hardware that has no resale value cause it was mined on and the demand has crashed.Hell, I should have taken out a loan and made a setup like this. I the mining rig would be more than enough to make the monthly payments...