funny part is.
if it costs $5000 to mine a bitcoin. but difficulty adjustmnts and hashrate competition dont make it a sure thing.
but you can buy a bitcoin for $4k and thats a sure thing. $4k guarantees you 1btc
then the OP's theory above becomes obsolete
why spend $5k mining with no guarantee of a whole 1btc,,
when you can spend $4k and guarantee 1btc and still have a bit of fiat to spare
Exactly, I have the same observations, I mined back then in 2014 or whatever year it was when bitcoin price started growing and ASICs started to come into play. I learnt a big deal, and I wouldn't have changed it, but the price and difficulty increase made it impossible to mine at some point, so I sold my cards and after short calculation it proved I would have been much better off if I simply bought the same amount in BTC, not mined.