Why do the companies not simply use their own hardware for bitcoin generation?

Carey
Posts: 5
Joined: Tue Apr 11, 2017 7:53 am

Why do the companies not simply use their own hardware for bitcoin generation?

Postby Carey » Tue Apr 18, 2017 11:31 am

Why are companies offering mining equipment rather than using it themselves for generating bitcoins?

joe
Posts: 65
Joined: Thu Apr 06, 2017 10:33 am

Re: Why do the companies not simply use their own hardware for bitcoin generation?

Postby joe » Tue Apr 18, 2017 12:11 pm

Probably because:

- They don't have access to cheap electricity
- They don't want to take a risk on their investment in hardware as Bitcoin is highly volatile
- Mining is a long process. On the other hand, selling hardware generates you quick revenues

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