Deciding Between Mining and Direct Investment

[xxDmitriy]

If I buy 10 units of S19 XP, each with a daily production value of $9.8 and a daily electricity cost of $1.44, considering my electricity cost is $0.02 per kWh, my net income per unit would be $8.33 source: (https://www.f2pool.com/miner?id=155037).
Currently, its price is $3145 source: (https://www.asicfinder.com/frontend/hardwares/bitmain-antminer-s19-xp-141t).
Now, BTC is priced at $29,048, which is quite low, and we are all waiting for the bull market to come.
Honestly, I'm not a fan of numbers and calculations, but I'm determined to make the right choice. Should I pursue mining for a steady source of income, or would it be more beneficial to directly purchase coins with an eye on long-term potential?

[1714619925]

1714619925

[1714619925]

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[Upgrade00]

It all depends on your preference.

You do the calculation for how long it will take to reach your one time Bitcoin purchase if you go the mining route, while factoring in regular maintenance of the mining gear and factoring in cost for any miscellaneous product you will need like a circuit breaker and others.

Then consider the pros and cons of both;
• Mining, if the gear is managed well, gives a long time investment of many years,
• A one time purchase does not need maintenance, you just need to buy a suitable wallet, store the coins and back up the keys.

[Findingnemo]

If I buy 10 units of S19 XP, each with a daily production value of $9.8 and a daily electricity cost of $1.44, considering my electricity cost is $0.02 per kWh, my net income per unit would be $8.33 source: (https://www.f2pool.com/miner?id=155037).
Currently, its price is $3145 source: (https://www.asicfinder.com/frontend/hardwares/bitmain-antminer-s19-xp-141t).
Now, BTC is priced at $29,048, which is quite low, and we are all waiting for the bull market to come.
Honestly, I'm not a fan of numbers and calculations, but I'm determined to make the right choice. Should I pursue mining for a steady source of income, or would it be more beneficial to directly purchase coins with an eye on long-term potential?

Let's do some math

S19 XP = $3145

10 x S19XP = $31450

Ethernet cable, PC, and other accessories for configuration = $2000, So lets assume the total cost will be $35000

Daily earnings from units will be $83 so you need to run 35000/83= 421.5 days to make the capital alone. Remember I didn't include the operational costs which is maintenance and cooling.

And the price of bitcoin is highly volatile so your profits will be highly dependent on BTC price, Mining difficulty.
I will prefer to buy the bitcoins directly instead of mining and accumulating over the years because I feel it is best choice especfially when we have low capital but the profits will not be steady as mining so I presented the calculation so you can decide which one suits for you based on your preference.

[avp2306]

If I buy 10 units of S19 XP, each with a daily production value of $9.8 and a daily electricity cost of $1.44, considering my electricity cost is $0.02 per kWh, my net income per unit would be $8.33 source: (https://www.f2pool.com/miner?id=155037).
Currently, its price is $3145 source: (https://www.asicfinder.com/frontend/hardwares/bitmain-antminer-s19-xp-141t).
Now, BTC is priced at $29,048, which is quite low, and we are all waiting for the bull market to come.
Honestly, I'm not a fan of numbers and calculations, but I'm determined to make the right choice. Should I pursue mining for a steady source of income, or would it be more beneficial to directly purchase coins with an eye on long-term potential?

All matters on your financial capability since if you can run a mining farm and you can support all finances then maybe this is better than choosing investment where you are unsure on results or even don't know on when to invest your capital. But if budget is tight then maybe try to choose the second one since mining is so expensive and we are still not sure if we can earn,break even or totally at lose.

[Learn Bitcoin]

If I buy 10 units of S19 XP, each with a daily production value of $9.8 and a daily electricity cost of $1.44, considering my electricity cost is $0.02 per kWh, my net income per unit would be $8.33 source: (https://www.f2pool.com/miner?id=155037).
Currently, its price is $3145 source: (https://www.asicfinder.com/frontend/hardwares/bitmain-antminer-s19-xp-141t).
Now, BTC is priced at $29,048, which is quite low, and we are all waiting for the bull market to come.
Honestly, I'm not a fan of numbers and calculations, but I'm determined to make the right choice. Should I pursue mining for a steady source of income, or would it be more beneficial to directly purchase coins with an eye on long-term potential?

It depends actually. Mining is lot more than just making profit. If you mine and keep selling them, there is no reason to buy mining gears. But, If you can pay the electricity costs from your pocket or you sell coins only to cover your electricity costs, then you should go for mining. We are around 278 days far from the next halving event.

We are observing 29K at this moment which may get doubled before the halving. The current block reward is 6.25 which will be 3.125 after the halving. Mining is fun as well. Sometimes you need patience. I feel like your electricity cost is fairly low compared to the most part of the world.

[Rikafip]

Should I pursue mining for a steady source of income, or would it be more beneficial to directly purchase coins with an eye on long-term potential?

I say keep it simple as just invest in bitcoin directly instead of going for mining. Thing is, mining is not just you plugging in asics and collecting satoshies but instead it is a constant responisbility, especially at the start when you are still figuring things out.

Add on that the fact that equipment can die, price of electricity can go up or there might some other unforeseen circumstances which makes buying bitcoin even more logical.

[michellee]

I've been away from the mining world for a long time so I don't follow it. But I know that what is calculated often does not correspond to reality. Maybe all the calculations you do give an idea of the expenses and income that you might get. But you should know that this is just a calculation and we don't know the actual conditions.

As long as we are mining Bitcoin, electricity costs will never increase. Will the rewards we get always be like that and there won't be any changes? Many possibilities can happen after you start mining Bitcoin. You also have to calculate maintenance costs for mining tools and others, which you don't know how much.

So my advice is that instead of buying those mining tools which cost a lot of money, you better use that money to buy Bitcoins on exchanges and hold them. That's to avoid everything you don't know while mining Bitcoin, including costs that can arise later. If you directly buy Bitcoins with that money, you can have many Bitcoins or you can use DCA to buy Bitcoins. But this is just a suggestion and all the decisions depend on you.

[BD Crypto]

Both are beneficial between mining and one time investment. But if you want to invest your money potentially then I will suggest you to invest in Bitcoin as we are now in a Bear Market. So probably very soon we will see a huge pump or a bullish season. So in my opinion if your money is ready to invest then just buy Bitcoin and store it to a safest wallet which may be Hardware wallet or an open source non custodial wallet. Then when you make profits then do your mining setup. It's all about my opinion and you have to choose the most potential way to grow by doing own research. I just shared my observation or opinion.

As your destination is to make profits that's why I want to add another option which is Trading. If you have passion on mining or can effort on it then go for mining and as already calculation have been posted so I don't need to add more. Another way is to invest half of your investment in Bitcoin for long term and you can do some short term trades with another half if you are good in it or well experienced. Obviously you must have a good knowledge in technical and fundamental analysis.

[Abu-Naim]

If I buy 10 units of S19 XP, each with a daily production value of $9.8 and a daily electricity cost of $1.44, considering my electricity cost is $0.02 per kWh, my net income per unit would be $8.33 source: (https://www.f2pool.com/miner?id=155037).
Currently, its price is $3145 source: (https://www.asicfinder.com/frontend/hardwares/bitmain-antminer-s19-xp-141t).
Now, BTC is priced at $29,048, which is quite low, and we are all waiting for the bull market to come.
Honestly, I'm not a fan of numbers and calculations, but I'm determined to make the right choice. Should I pursue mining for a steady source of income, or would it be more beneficial to directly purchase coins with an eye on long-term potential?

You can never get the right estimate of setting out the mining plant because you may likely omit some costs which cannot be account for.

I don't know much about bitcoin halving but if I am right, it is a time where miners reward will be divided by halve which maybe is the reason why the price of Bitcoin is going high during halving so that miners can keep their work and maintain the little bitcoin, they mine.

If this is right, then it will be better if you invested these money in Bitcoin and wait for your profit instead of going through the mining stress.

[UchihaSarada]

Buying bitcoin directly for your investment is better and it requires less time, less resources and less skills. With mining, you will need many things, location for your mining farm, technical set up and maintenance, safety for your farm and human who operate it for you and lastly it requires time to get bitcoin from mining.

You must get a break even before get a profit from your initial investment. It will be months and not like with investment, less time, less resource and if you buy around the corner of market break out, you will not have to wait too long.

[passwordnow]

If you can do both and if your budget isn't limited, choose to do both. But for people like me that has budget constraints, I'll just choose to buy and hold. Considering the electricity cost and consumption, you're aware of how much you'll be taking and how much will be the operational cost upon doing it. I think for miners, it's not just all about the profit but of course, it has the biggest portion and reason on why they do that. So, you help the network more secure through your miners and that's a contribution that you've got in your mind that you're one of those folks that helps to maintain it.

[nakamura12]

You can do both if you have the budget for it since mining need a budget for the gear needed to use in mining and the electricity cost and don't forget the internet connection which is also needed plus the maintenance of the gear. if the electricity cost in your country isn't cheap and have limited budget then it is much better if you just buy Bitcoin but if you have something like a solar panel or other source of electricity that doesn't cost much like or if you have a generator then the money you are going to spend for mining will decrease as you have other source of electricity and you will only need the money for the gear and maintenance.

[decodx]

Based on these calculations, it becomes clear that it will take you almost a year and a half just to break even. Considering that the Bitcoin halving event is less than a year away, I would personally opt to invest directly. Many of us anticipate the next bull run to start sometime next year and reach its peak in 2025. Thus, rather than investing in hardware, I would choose to invest money directly in BTC. The money that would otherwise be spent on electricity can be used for dollar-cost averaging (DCA), so that I accumulate even more before the next bull run.

[hugeblack]

.
Honestly, I'm not a fan of numbers and calculations, but I'm determined to make the right choice. Should I pursue mining for a steady source of income, or would it be more beneficial to directly purchase coins with an eye on long-term potential?

If you are not a fan of numbers and accounts, do not invest in bitcoin mining. There are many variables that turn mining from a profitable activity to forcing you to stop because of losses.

There are additional factors other than electricity, which are space, cooling, capital recovery, depreciation, taxes, noise reduction, and can you sell mining tools later. Also, your country plays the effect of whether the weather will be good all year or if there are more risks.

Therefore, the easiest option is to buy bitcoin, although it is less profitable, but a small gain is possible better than a lot of gain that is difficult to obtain.

[alastantiger]

Should I pursue mining for a steady source of income, or would it be more beneficial to directly purchase coins with an eye on long-term potential?

If you have the resource and the means which include knowledge, finances then mining bitcoin is the way to go. The most crucial component is electricity. Once you have this whether you are paying for it or you are using a renewable source of energy, consider mining. A reason I said this is because you get more bitcoins when you mine than when you just invest a large amount and hold, the bitcoin you have through direct investment will remain constant,

[stompix]

Honestly, I'm not a fan of numbers and calculations,

Honestly, you're just a spammer for that shitty website along you're alts that have filled my report card last days!

Everyone!
Stop replying to such spammy topics and report them the moment you see anyone linking to asicfinder(dot)com, they just spam the forum with the same topics where they pose as wanna-be miners when their whole agenda is promoting that website!

[Learn Bitcoin]

Buying bitcoin directly for your investment is better and it requires less time, less resources and less skills. With mining, you will need many things, location for your mining farm, technical set up and maintenance, safety for your farm and human who operate it for you and lastly it requires time to get bitcoin from mining.

You must get a break even before get a profit from your initial investment. It will be months and not like with investment, less time, less resource and if you buy around the corner of market break out, you will not have to wait too long.

I argue. I totally understand the point you have shared so far.
But, as I said in m previous post, Mining Bitcoin is more than just profit. Buying Bitcoin does not guarantee that it will give you profit within a certain time. It can take longer to get ROI if someone buys Bitcoin. The opposite happens too. Someone can get ROI within a month. It depends on the market. But as I said, Mining is fun. If you are tech geek people who love to play with your gear setup and maintain your rigs, mining is perfect for you. If I had cheap electricity like OP and had enough rigs, I would mine for the long term.

A mining rig will generate Bitcoin for you until it breaks.  A miner will mine Bitcoin with their ASICs until it gets too old and unprofitable to mine. If someone mines Bitcoin just for profit only, I am not sure if this is perfect for them or not. But the perfect thing is mine Bitcoin and hold it just like holders hold their Bitcoin.

[cheezcarls]

Buying bitcoin directly for your investment is better and it requires less time, less resources and less skills. With mining, you will need many things, location for your mining farm, technical set up and maintenance, safety for your farm and human who operate it for you and lastly it requires time to get bitcoin from mining.

You must get a break even before get a profit from your initial investment. It will be months and not like with investment, less time, less resource and if you buy around the corner of market break out, you will not have to wait too long.

I argue. I totally understand the point you have shared so far.
But, as I said in m previous post, Mining Bitcoin is more than just profit. Buying Bitcoin does not guarantee that it will give you profit within a certain time. It can take longer to get ROI if someone buys Bitcoin. The opposite happens too. Someone can get ROI within a month. It depends on the market. But as I said, Mining is fun. If you are tech geek people who love to play with your gear setup and maintain your rigs, mining is perfect for you. If I had cheap electricity like OP and had enough rigs, I would mine for the long term.

A mining rig will generate Bitcoin for you until it breaks.  A miner will mine Bitcoin with their ASICs until it gets too old and unprofitable to mine. If someone mines Bitcoin just for profit only, I am not sure if this is perfect for them or not. But the perfect thing is mine Bitcoin and hold it just like holders hold their Bitcoin.

Mining would be no problem if the electricity and maintenance costs are cheap. here are people who are mining for profit or for fun purposes. Everyone is entitled to their own opinions and we will respect that.

I would love mining some BTCs but the electricity rates here aren't cheap especially for guys who just live in a 3rd world country. And of course, no guarantee as well for profit if you choose to buy and hold BTCs.

We should acknowledge the risks and learn how to manage them at the same time in both buying and hold & to mine BTCs.

[aysg76]

The cost for mining machinery is very high at this time and in coming times the rewards are also going to be halfed with no proper guarantee what will the outcomes afterwards in price mechanism.Suppose you invest a significant amount like for $30k+ on machinery only then there are maintanence cost, electricity cost in your country so it will be add on to you.So it's better to invest that money directly into bitcoin at the current rates that will be more beneficial to you.

Say if you invest $30k now you will gain full bitcoin that will really help you in top percentage by the way and with price pumps you will get more profits without incurring any cost so go with it it's the best choice.

[Sim_card]

You are a newbie that I guess don't know much about mining. The risk of mining is very high and one can run at loss,which will discourage you to continue with mining. It is better you put all your funds together and buy bitcoin in lump,because we still have a good price which one can use as an opportunity to buy bitcoin. The halving event will pump bitcoin price next year and by late 2024 or 2025 will be the bull run. There is high hope of making profit if you buy now and hodli till then. If you start mining from now,I don't think that you will be able to makes such profit when you buy within two years. Remember to use a noncustodial wallet and back up your seed phrase. It is easy to hodling than to mine. Mining is very expensive and the cost can be affected by inflation.