Quote from: kano on May 18, 2021, 01:03:31 AM

Quote from: James_minerbrother on May 17, 2021, 04:15:25 PM

Quote from: LekksanderPerko on May 17, 2021, 03:07:12 PM

Think about it again. A lot of data shows that if you invest the same money in buying bitcoin, you can earn more than mining it

that's will be a gambling, however mining also kind gambling, just slow than invest buying bitcoin.

A miner at any time, will usually cost you more in BTC than the BTC it will make mining.
At the moment that is definitely true, miners are being sold for WAY more $->BTC than the miner will ever mine.

Add on top of that the cost of running it (time and electricity)
Also, the BTC will arrive slowly over the following year or more and thus if there is a peak at any point where you want to sell the generated BTC, it will of course not be the total BTC.

If instead you just buy BTC, you will get more BTC, you will get it up front, and also be able to decide when to sell that BTC at a profit.

Kano,

Not to debate too much, but I am finding your point about miners costing more BTC than they will ever mine a bit of a challenge. I am using a USD based payback calculation, and whether the miner costs $1000 (T2T 26Th) or $6,500 (S19J 100T), the payback is about a year. Definiately use asicminervalue.com or whattomine.com to help figure out the timeline. Since miners hosted under adverse conditions last about 2-3 years, that is still 3X over time, even with pool and electricity. I do very much agree its an over time thing tho.

I am finding there is a big mindset difference between people who like mining verse those who are trading. Whether its mining to sell or mining to accumulate, its more of a long term, certainty play on gaining BTC (not necessarily the USD or EUR or ? equivalent).