Is it the right time to get into mining? The market has crashed and bitcoin is at its lowest, but the miner prices have fallen too. Would it be profitable to start mining with these low miner prices in the long term? What do you guys think?
If I have had best Bitcoin mining equipment than I will just mine and mine and than I Will not sell and In this way I will sold when 1 Bitcoin will be at almost 500k dollars. I wish I have had such money and also mining machines and that will be super amazing for me.
Huge Target Value, I think you have to wait a few years to reach $500k Bitcoin Value.
Mining during Bearish times is good to do, but there is such a big risk if you don't measure the cost of electricity in your area, the cost of electricity itself plays a very important role in maximizing profits in mining. according to my experience mining is good in the long term.