Aren't they a mining pool? Why are they buying BTC when they should be mining it?
Discussion
Why not both.
Seems like a way to pay their miners without actually finding blocks consistently. Consequently, siphoning more hashrate away from other pools with bigger guaranteed payouts.
So, I guess that seems scummy, so that's why I wouldn't like to see them doing both.
The more speculative attacks on the dollar the better. The quicker we move to the Bitcoin standard the better. My viewpoint anyhow