Alvinnewby
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March 06, 2023, 08:34:49 AM |
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So does the math tells us mining is dead?
mining is not dead, I hope that everything will work out
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Maxre
Full Member
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https://combonetwork.io/
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March 07, 2023, 05:44:51 PM Last edit: March 08, 2023, 07:25:23 AM by Maxre |
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Should I buy two S19j Pro's for $3,700 USD and mine it for the next few years or just buy $3,700 worth of bitcoin (0.16 BTC) ?
My worry is that mining difficulty will keep going up and I will run out of time being profitable before I reach 0.16 BTC.
At the current difficulty of mining, it will take over 250 days to mine 0.16 BTC with two S19j Pro's (assuming electricity is free) but the difficulty will be WAY higher in the next 250 days...
I love the idea of mining because it allows me to dollar cost average into the market and there is no KYC involved.
By the way I will Prefer Bitcoin buying in bear market with the lowest possible price. Because if I have some technical knowledge than I will be able to buy Bitcoin at lower possible price like current situation at 12k dollars if Bitcoin comes and in this way I will be in huge profits too.
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gunhell16
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March 07, 2023, 06:27:58 PM |
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Should I buy two S19j Pro's for $3,700 USD and mine it for the next few years or just buy $3,700 worth of bitcoin (0.16 BTC) ?
My worry is that mining difficulty will keep going up and I will run out of time being profitable before I reach 0.16 BTC.
At the current difficulty of mining, it will take over 250 days to mine 0.16 BTC with two S19j Pro's (assuming electricity is free) but the difficulty will be WAY higher in the next 250 days...
I love the idea of mining because it allows me to dollar cost average into the market and there is no KYC involved.
Well to be fair to you dude, if your electricity is cheap there and you only consume 0.05$-07$ per kwh you can do it by mining bitcoin. But if your electricity consumption is not included in the amount I mentioned. My advice to you is not to go ahead with the Bitcoin mining that is being planned. It's more practical to invest or buying bitcoin on a trading exchange. At least there's no hassle, especially if you have an idea for trading, but it's better if you're a long-term holder all you gonna do is to wait for the right time of bull run.
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bettercrypto
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March 10, 2023, 04:47:41 PM |
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If you want no hassle or worry and think about it, if I were you, just buy bitcoin while on these occasions he went down in the market.
If you choose to mine bitcoin, you need to monitor it every day as much as possible from time to time, unlike if you just buy bitcoin if you are a long term holder you will really just wait for a bull run. That's all you do, it doesn't affect you if its value falls or not in the market.
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█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ████████▄▄████▄▄░▄ █████▄████▀▀▀▀█░███▄ ███▄███▀████████▀████▄ █░▄███████████████████▄ █░█████████████████████ █░█████████████████████ █░█████████████████████ █░▀███████████████▄▄▀▀ ███▀███▄████████▄███▀ █████▀████▄▄▄▄████▀ ████████▀▀████▀▀ █▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀BitList▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . REAL-TIME DATA TRACKING CURATED BY THE COMMUNITY . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀List #kycfree Websites▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ |
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Hana1707
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March 24, 2023, 06:29:51 AM |
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If there is suitable electricity, it is definitely more suitable for mining
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apogio
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March 24, 2023, 07:39:24 AM |
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Should I buy two S19j Pro's for $3,700 USD and mine it for the next few years or just buy $3,700 worth of bitcoin (0.16 BTC) ?
My worry is that mining difficulty will keep going up and I will run out of time being profitable before I reach 0.16 BTC.
At the current difficulty of mining, it will take over 250 days to mine 0.16 BTC with two S19j Pro's (assuming electricity is free) but the difficulty will be WAY higher in the next 250 days...
I love the idea of mining because it allows me to dollar cost average into the market and there is no KYC involved.
Hello, I don't know much about mining, but there are ways to buy Sats without KYC. (You will need a card though, but nothing more than that)
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tjtonmoy
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March 25, 2023, 12:15:51 PM |
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I love the idea of mining because it allows me to dollar cost average into the market and there is no KYC involved.
Difficulty will increase for sure in the coming days and with recent inflation, electricity cost could increase again too. Also, mining rigs needs maintenance. And with electric devices, there's no guarantee that it will always work smoothly. If not from a reputable brand, there's a risk of getting scammed and warranty void problems. And most likely you will need two and a half years to get your investment's return. On the other hand, if you buy Bitcoin in this bear market before halving in 2024, you could get a good amount of profit. Meanwhile you can DCA with it too. And KYC is not a concern because there are many decentralized exchanges available to buy BTC without the need of KYC. This is just what I think. It's your asset, and you should invest in which you feel comfortable.
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bettercrypto
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 26, 2023, 09:35:47 PM |
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I love the idea of mining because it allows me to dollar cost average into the market and there is no KYC involved.
Difficulty will increase for sure in the coming days and with recent inflation, electricity cost could increase again too. Also, mining rigs needs maintenance. And with electric devices, there's no guarantee that it will always work smoothly. If not from a reputable brand, there's a risk of getting scammed and warranty void problems. And most likely you will need two and a half years to get your investment's return. On the other hand, if you buy Bitcoin in this bear market before halving in 2024, you could get a good amount of profit. Meanwhile you can DCA with it too. And KYC is not a concern because there are many decentralized exchanges available to buy BTC without the need of KYC. This is just what I think. It's your asset, and you should invest in which you feel comfortable. In cases like this, it's better to just buy bitcoin and hold it for a long time in our wallets or just make a trade depending on what we want rather than buying mining rigs. Because here in our country, bitcoin mining doesn't seem to work because the electricity consumption here is high per kilowatt hr (KWH), but if you are in a cold country like antartica, maybe it's possible hehehe, just kidding aside.
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█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ████████▄▄████▄▄░▄ █████▄████▀▀▀▀█░███▄ ███▄███▀████████▀████▄ █░▄███████████████████▄ █░█████████████████████ █░█████████████████████ █░█████████████████████ █░▀███████████████▄▄▀▀ ███▀███▄████████▄███▀ █████▀████▄▄▄▄████▀ ████████▀▀████▀▀ █▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀BitList▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . REAL-TIME DATA TRACKING CURATED BY THE COMMUNITY . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀List #kycfree Websites▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ |
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Z390
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April 02, 2023, 02:21:13 PM |
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You will be paying for the electricity bills, that is where I have a problem with Asic miners, they take too much energy and I can't add an extra miner because of this, it is better to just buy Bitcoin instead, there is no need to deal with calculations and other little headaches surrounding Bitcoin mining, unless it's your hubby like some members on here, even while Bitcoin mining is less profitable they don't see the need to stop mining, they believe in long term mining and holding.
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🎁 | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . 375% | 200 . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | 🛞 | ☆ | | ☆ | 🛞 | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀▀▀ .U P T O . ▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ .300€ + 50 . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ .F R E E S P I N S . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | 🎁 | |
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KaizenJujustsu
Newbie
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April 02, 2023, 05:11:45 PM |
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So does the math tells us mining is dead?
I think mining needed to invest in hardware and software to solve complex mathematical problems that validate transactions on a blockchain network. As you mine, you will rewarded with newly minted cryptocurrency. on the otherhand, buying cryptocurrency in a bear market can be an option. as prices are generally lower than during bull market. But there will be a risk that is no guarantee that prices will rebound. you will keep losing money if the price continues to fall. but i don't think mining is dead, the decision to mine or buy crypto in a bear market will depend on the circumstances and risk tolerance. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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morggin
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April 02, 2023, 10:43:33 PM |
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Yea like many have said the only way this could work is if you didn't have to pay for electricity. The only way you're going to get zero cost for electricity is if you build your own power source... IE solar, wind farm, or if you somehow find a way to tap into zero point energy (not likely).
If you CAN find a way to offset the cost of electricity or even turn the deficit into a profit by putting more energy back on the grid than you consume, then the BTC mining venture would become the side hustle, as the incentives from utilities paying you for generating electricity would almost certainly be more profitable.
NOTE on zero point energy: It's not possible to build a zero-point energy device right now.
Zero-point energy is the lowest possible energy that a quantum mechanical physical system may have, which is also called the ground state energy. This energy is always present in any physical system, even in a vacuum. However, it is not possible to extract energy from this state, as it is a fundamental property of quantum mechanics.
Attempts to create devices that could harness zero-point energy have been made in the past, but none have been successful. There is currently no known way to access or utilize this energy. The laws of thermodynamics, which govern the behavior of energy in physical systems, also limit the possibility of extracting energy from the vacuum.
While the idea of a zero-point energy device may seem enticing, it is important to recognize that such a device would violate some of the most fundamental principles of physics. Therefore, it is not a practical or feasible goal to pursue.
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kano
Legendary
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Linux since 1997 RedHat 4
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April 03, 2023, 12:11:27 AM |
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Of course there is also the more relevant issue that the amount of BTC you spend to buy miners will almost always be less than the total BTC you will get back.
So while people like playing luck with $ prices vs $ cost for miners and running them, the actual BTC cost you pay for the miner at the time you buy it, will probably always be higher than the amount of BTC it generates, no matter what the market is.
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alphalemming
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April 03, 2023, 12:22:08 AM Last edit: April 03, 2023, 12:37:26 AM by alphalemming |
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For profit, the average person is always better to buy bitcoin, never mine it, and don't buy at the top.
The company that sells the new miner will raise the price of it to take away your profits and maximize theirs.
The person that sells a used miner knows that there is no more profit in it.
The price of bitcoin and the difficulty will rise faster than you can mine it.
1 Month Update All in on miners or bitcoin? Total Hash Rate + 12% Network difficulty + 9% Bitcoin + 23% 4/2/23 0.16 BTC ($28,400) $4,544 3/2/23 0.16 BTC ($23,100) $3,700 Buying Bitcoin made $844 Mining made .0175 btc est. ($28,400) $500 Buying bitcoin made $344 more than totally free mining Even with free labor, free electric, no pool fees, 100% up time, buying bitcoin was more profitable than mining this last month. Bitcoin can “mine” dollars faster than a miner can mine bitcoin. The price of bitcoin can grow exponentially while the miner has a fixed, or limited, maximum hash rate going against an increasing difficulty rate as new faster miners come on line and the price of bitcoin increases. A miner mines bitcoin slower over time, loses value, and becomes obsolete. Bitcoin “mines” dollars faster over time, becomes more valuable, and is never obsolete. Looks like a big percentage loss to mine. Smaller losses will become larger over time. If bitcoin goes to 1M then .08 would be $80,000 vs .16 at $160,000 Smoking Hopium Bitcoin Mining Calculator https://smokinghopium.io
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Aikidoka
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April 03, 2023, 12:29:23 AM |
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Of course there is also the more relevant issue that the amount of BTC you spend to buy miners will almost always be less than the total BTC you will get back.
So while people like playing luck with $ prices vs $ cost for miners and running them, the actual BTC cost you pay for the miner at the time you buy it, will probably always be higher than the amount of BTC it generates, no matter what the market is.
I confirm that mining is really hard to make a profit from it unless you have a lot of equipment and you don't pay for electricity. Most casual people who buy miners start to make a decent profit in the first few months, but after about half a year, the profit usually decreases significantly. In some cases you'd pay much more for electricity than the profit you would make from mining. Personally, I started mining using 3x GTX 1660 SUPER a few years ago, and I made almost 80% of their cost. However, i stopped because the earnings were too low and it wasn't worth to keep going.
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philipma1957
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April 03, 2023, 02:16:34 AM |
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Should I buy two S19j Pro's for $3,700 USD and mine it for the next few years or just buy $3,700 worth of bitcoin (0.16 BTC) ?
My worry is that mining difficulty will keep going up and I will run out of time being profitable before I reach 0.16 BTC.
At the current difficulty of mining, it will take over 250 days to mine 0.16 BTC with two S19j Pro's (assuming electricity is free) but the difficulty will be WAY higher in the next 250 days...
I love the idea of mining because it allows me to dollar cost average into the market and there is no KYC involved.
There are pros and cons to both options of buying two S19j Pro's for $3,700 USD and mining it for the next few years or just buying $3,700 worth of bitcoin (0.16 BTC). Mining can allow for dollar cost averaging and avoid KYC, but there is a risk of not being profitable before reaching 0.16 BTC due to the increasing mining difficulty and electricity costs. It also requires maintenance and may not be as profitable as just buying bitcoin upfront. Buying bitcoin upfront is less risky and may provide a good return on investment in the long run, but it doesn't generate earnings like mining and there may be KYC requirements when cashing out. mining is far lower risk than buying coin. but buying coin means more possible profit. the idea of say .1 btc at 28000 in coin or using .1 btc at 28000 to buy a miner is comparable is the problem. they should never be compared ever since they are different method of investing. one buying coins is passive the other buying a miner is active. if your power is cheap enough profit in mining ⛏️ is pretty certain. i can buy mining gear with credit cards and pay zero interest for 15 months. i cant do that with buying a bitcoin. i get endless tax writeoffs expanding a mine i get to build solar arrays with my partners with mining cant do it with buying coins. I made profit every month since nov 21 price was at 69k because i mine.
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wahyuagung26
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April 04, 2023, 10:20:17 PM |
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If there is suitable electricity, it is definitely more suitable for mining
Actually what you said is true, electricity is one of the most important components for Bitcoin mining, of course, but what we understand is what you mean, maybe this is in terms of the electricity cost factor for calculating income from mining, it seems like using ASIC and also like Rig mining, this really requires a higher Power Empowerment Performance, and from here the electricity cost factor greatly influences the profits of a Bitcoin mining. Choosing between Mining or buying in the bear market, maybe I think these are the same two jobs even though the methods and nature are significantly different, but basically they both have the same goals to be achieved. Especially we say that people's point of view is different as well as the technicals that brands use, most take advantage of the bear market to buy and increase their assets, and maybe most people choose the option of Bitcoin mining.
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bettercrypto
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April 04, 2023, 11:16:07 PM |
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If there is suitable electricity, it is definitely more suitable for mining
Actually what you said is true, electricity is one of the most important components for Bitcoin mining, of course, but what we understand is what you mean, maybe this is in terms of the electricity cost factor for calculating income from mining, it seems like using ASIC and also like Rig mining, this really requires a higher Power Empowerment Performance, and from here the electricity cost factor greatly influences the profits of a Bitcoin mining. Choosing between Mining or buying in the bear market, maybe I think these are the same two jobs even though the methods and nature are significantly different, but basically they both have the same goals to be achieved. Especially we say that people's point of view is different as well as the technicals that brands use, most take advantage of the bear market to buy and increase their assets, and maybe most people choose the option of Bitcoin mining. The problem we see is that it will take several years before the investor's capital is recovered. If the cost of electricity is at 0.07$ per Kwh. Its ROI seems to be in 2 to 3 years but that depends on the situation maybe. So I think that if practicality is the basis for investing here in bitcoin is a really good way in my opinion.
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wahyuagung26
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April 05, 2023, 05:23:27 PM |
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Actually what you said is true, electricity is one of the most important components for Bitcoin mining, of course, but what we understand is what you mean, maybe this is in terms of the electricity cost factor for calculating income from mining, it seems like using ASIC and also like Rig mining, this really requires a higher Power Empowerment Performance, and from here the electricity cost factor greatly influences the profits of a Bitcoin mining.
Choosing between Mining or buying in the bear market, maybe I think these are the same two jobs even though the methods and nature are significantly different, but basically they both have the same goals to be achieved. Especially we say that people's point of view is different as well as the technicals that brands use, most take advantage of the bear market to buy and increase their assets, and maybe most people choose the option of Bitcoin mining.
Its ROI seems to be in 2 to 3 years but that depends on the situation maybe. So I think that if practicality is the basis for investing here in bitcoin is a really good way in my opinion. Maybe so far now, many Bitcoin users, they choose to prioritize investing over long distances, and the ROI is more in the realm of investing, now we can say we are more attractive to investment paths in long-distance and long-term use, and what seems to be evaluating efficiency performance is more to ROI in the long term in my opinion, and maybe it's true that now the practicality is more to investment. although depending on the situation in the next
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hZti
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April 05, 2023, 06:20:51 PM |
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I pay $0.07cents USD per kw.
Congratulation you have the possibility to mine ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) ! Still there is a very good chance that you will be better of if you will simply invest the money that you will put into the miner. Energy prices can rise and you would have a large problem or your miner can be defective etc. YOu need to make a very good profit to beat simply investing in bitcoin.
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kano
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April 06, 2023, 02:43:08 PM |
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I pay $0.07cents USD per kw.
Congratulation you have the possibility to mine ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) ! Still there is a very good chance that you will be better of if you will simply invest the money that you will put into the miner. Energy prices can rise and you would have a large problem or your miner can be defective etc. YOu need to make a very good profit to beat simply investing in bitcoin. But that 'big' profit would only be made by BTC price rising ... so buying BTC would work out better.
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