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Title: At what point should you consider mining to support your own bitcoin investment? Post by: dancupid on March 21, 2013, 05:34:57 PM Recently I've started to think about buying an ASIC miner, not as an investment, but simply to support the network and help protect the bitcoins I already own.
Is this logical even if I only cover my costs? Title: Re: At what point should you consider mining to support your own bitcoin investment? Post by: mccorvic on March 21, 2013, 06:03:32 PM Recently I've started to think about buying an ASIC miner, not as an investment, but simply to support the network and help protect the bitcoins I already own. Is this logical even if I only cover my costs? I think if you can afford it and rationalize it as paying for itself as security as opposed to mining out put, I think this is a good plan. I use this sort of rational whenever I spend BTC. I'm supporting the system which, in turn, makes my own investment actually become worth more. |