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They are just not able to turn a profit. The market has significantly expanded with new profitable coins to mine. Building a mining rig in 2020 is much easier than it was, say, two years ago. From scam coins to mining rigs and contracts there are a. Took a pic of the crypto mining rigs when i dropped by the office.
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This is because paying the cost of electricity is the most expensive task that can hamper profitability.
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An actual mining rig would cost in the neighborhood of $7000 realistically.
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