Comment Comment by merloen Investopedia: "Arbitrage is the simultaneous purchase and sale of an asset to profit from a difference in the price."Deciding to mine bitcoin where energy is cheap is just bloody obvious.> When I buy Bitcoin, as long as the energy used to mine the token is cheaper then energy I have access to, I’m getting a good deal.So buying bitcoin from a base in Antarctica, where energy is scarce, is a better deal than buying it in Dubai? That doesn't make any sense whatsoever. parent merloen 9 years ago
Deciding to mine bitcoin where energy is cheap is just bloody obvious.
> When I buy Bitcoin, as long as the energy used to mine the token is cheaper then energy I have access to, I’m getting a good deal.
So buying bitcoin from a base in Antarctica, where energy is scarce, is a better deal than buying it in Dubai? That doesn't make any sense whatsoever.