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How does mining make money?

Associate
Joined
10 Jun 2017
Posts
290
ok I get how it makes money but, if all the miners are taking the 1060's and 1070's, holding them for a while and only gaining 50-100 for each and just storing them. When a large number of these gpu's are stocked again, the miners buy up again. Doesn't this mean they just have loads of money in stock that they are not going to sell? As more gpu's are being made, and amd soon get into the act. Then when a new gpu comes out less people will be buying the 1060's and 70's and the miners will be stuck with this huge stock of old gpu's? Plus they have more than likely paid VAT.
 
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