Quote from: Bitcoin_Arena on July 11, 2021, 10:57:29 PM

Quote from: ChioChipspax on July 10, 2021, 03:47:16 PM

i would suggest you to buy 2 BTC with 60k$
and just to store on cold wallet . that is more profitable than mining it

It depends on what time or point he buys the BTC too. Imagine if he bought right now then price continues to drops to 8k or less and stays there for 2 - 3 years as it's common in a bear market. It won't look profitable until we see another bull run.

No, it does not depend on what BTC price does, this is MINING BTC vs BUYING BTC, bitcoin miners generate BTC and not fiat, when you buy a mining gear you are simply betting on bitcoin price to go up, so the question becomes "Will these miners generate more than 2 BTC"? if the answer is No, then buying BTC is without a doubt better than buying mining gears.

If BTC drops to 8k, then his mining gears will also drop in value, the rewards will drop and the ROI will be extended, in fact, it could be risker than just holding bitcoin, if the price stays that low for 2-3 years, the gears will most likely die before generating 2 BTC, while if you store 2 BTC in a safe place like cold wallet - nothing can happen to them, your 2 BTC will still be 2 BTC and you can just wait for the price to go up, which isn't the case with mining where you have to worry about electric bills, operational cost and the lifespan of the mining gears.

OP, on the scale of probability, you are likely going to lose money mining, go back in time to say 5 months ago, folks paid 15k for the same gear and they visited the same website you did, and it told them they would ROI in 12 months and life will be so pretty, today, they are looking the same website and it still says 12 months (actually more), and many of their gears died anyways, things are far more complicated than these calculators show you, there are many things that could go wrong, I am certain that if I randomly pick 10 miners, at least 7 of them would have done a lot better if they just bought the coin.