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Author Topic: At what point should you consider mining to support your own bitcoin investment?  (Read 721 times)
dancupid
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March 21, 2013, 05:34:57 PM
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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?
Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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mccorvic
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March 21, 2013, 06:03:32 PM
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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.

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