Mining is basically dead best to just buy your bitcoins.
Untrue. Mining is still possible and profitable if you have enough money to invest.
Large capital is pretty much just the small part of the equation for profit in mining. These are the remaining:
- the cost of running a farm is high. With high electrical cost, ROI is not possible
- If you want to make profit, you need to make it big scale. You probably would have to rent a warehouse. It has to have low rental rates to maintain the highest profit possible.
- Ambient temperature for the whole year
- if you live in the colder area, you wouldn't need much exhaust fans thus saving electricity.
- You would probably have to hire someone to look for the ASICs in the warehouse.
- You would need to find a supplier who can deliver fast and at low price to get into the game early this increasing chances of ROI.