Post
Topic
Board Mining speculation
Re: As a miner, why do you mine rather than buy and hold?
by
btczar
on 16/12/2016, 21:27:27 UTC
I constantly get told that it makes more sense to buy and hold than mine yourself - wondering what is your experience as miners.

I stopped mining with my own hardware when I saw that I would be in possession of much more bitcoin than I had, if I had just kept it, instead of risking it with mining. Yes I eventually got my ROI, in terms of the value of the miners when bought vs the value of the bitcoin I mined, but the total amount of BTC used to buy, vs the total amount of BTC mined, was not always correct. I got ROI many times on the fiat value, but not always on the BTC value. Now I only hold....but I am always looking to see if its still possible to make a profit mining again...