Quote from: Herbert2020 on June 07, 2018, 05:38:31 AM

Quote from: Wind_FURY on June 07, 2018, 05:25:26 AM

If you has some Asic miners then it would be easier to sell your equipment, and save yourself from all the problems of mining, then buy and hold Bitcoins from the earnings received from the sale. Hahaha.

I believe, in due time, that happens to most small scale miners upon realization that they will lose money.

that depends on whether they are actually losing money and also depends on how much.
for example if the average price of 1BTC is $7500 and it costs somewhere around that price like $7450-$7550 to mine one bitcoin then they are not losing money they are in fact making profit. specially with bitcoin price rising in long term so instead of paying $7500 to buy bitcoin today you spend $7500ish on mining it.
but i don't think the reality is like that. the profit is a lot more than just a small margin. it costs a lot less to mine bitcoin still. that is one of the reasons why the hashrate is still rising.

But if after all your costs and expenses you earn a marginal amount of Bitcoin, then what's the use? It would have been better to buy Bitcoin in the first place and hold that than owning a miner that's depreciating in value. Plus no labor intensive tasks, and unforeseen problems.