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Author Topic: Anyone mining at a loss?  (Read 155 times)
Carlos Walker (OP)
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January 29, 2021, 03:01:34 PM
 #1

Mining at a loss is actually good for me because its the only way to get coins without leaking all my personal information since all these companies get their data leaked. I lose money compared to normal prices but the peace of mind is worth it.
murgorx
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January 29, 2021, 03:13:21 PM
 #2

where the f have you given your private information previously? I have mined over 50 different coins and never have given anything in return?
JayDDee
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January 29, 2021, 03:43:14 PM
 #3

I think it's a language issue. Here's my translation...

Buying crypto on an exchange now requires KYC so I obtain crypto only by mining, even if at a loss.

Carlos Walker (OP)
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January 29, 2021, 04:33:09 PM
 #4

I think it's a language issue. Here's my translation...

Buying crypto on an exchange now requires KYC so I obtain crypto only by mining, even if at a loss.

this is correct
JayDDee
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January 29, 2021, 06:13:47 PM
 #5

The only problem is you don't make a profit if you don't monetize your mining earnings.
Doing so anonymously is becoming more difficult due to KYC.

That being said I haven't bought a single Satoshi in my 7 years in crypto. all mining.

nsummy
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January 29, 2021, 09:40:48 PM
 #6

I have thought about this quite a bit.  I actually thought about writing a fictional book about it, dont steal my idea Smiley   But yes, even mining at a loss, it is completely anonymous.  You almost have to think that some of the hashrate is criminal organizations that are doing this.  Cheap form of money laundering.
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