Jack and Jill have a bathtub full of 20 Dollar bills that some old Baby Boomers left them when they kicked the bucket. The contents of that bathtub total 5,000 USD. Jack has a good Job with plenty of flexibility while Jill works from home. They have no children with no plans to have any.
Jack comes home after reading all the news about BTC's soaring prices. He says to Jill he would like to get involved and see what BTC is all about first hand. Jill turns around and says i heard about it as well... I want to trade the volatility during the day. Jack says he would like to run a Mine. This would allow him to generate passive income.
How would we best accommodate Jack and Jill in the above scenario?
Creative thread! I like it! Now to answer your question, I would recommend you to buy bitcoin and hold for long term. Mining has become a very costly affair considering the difficulty level. You need expensive rigs and huge electricity to keep the mining up. If the electricity cost is on the higher side, your mining venture may not be profitable at all. However, if you have access to free alternate energy, then you may try to invest a huge amount initially to set up mining because there will be no recurring cost.
Otherwise, try to buy and Hold. Since you have a day job, use a portion of your salary to invest in bitcoin every month. Stack up the bitcoins in a safe and secret wallet and wait for few years. This method can fetch you very good return in longer term. A lot more than mining.