Comment: That wasn't the point of my

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In reply to comment: Miners profit from it. Um so (see in situ)

That wasn't the point of my

That wasn't the point of my comment.
My point was Bitcoin mining costs going up for everybody if more people want to mine it. It's a socialist system in some way.

A miner profits from having bought his mine and calculated in advantage while a Bitcoin miner who invests in hardware can only lose if prices rise.

The only ones who profit are the early adopters. Those who are sitting on their Bitcoins and didn't pay anything for them. I think those are the forces behind that big hype. When they decide to sell their millions of coins, the price will go through the floor and Bitcoin is finished.