you have 2500 $.
You can buy a miner or just invest this money to BTC.
Which is better in the long run?
I'm sure most of us, can easily argue on both sides when it comes to the pros and cons of each
[results may vary depending on your situation].
- Personally, I prefer purchasing a miner > use it until it doesn't make sense [regardless of the ROI and profits] > sell it > purchase a "better" one > repeat the process [this is just the short version and others have already mentioned most of the risks].Mining while it does have issues with difficulty rising and electricity costs at least electricity costs are stable
I wish I could say the same
[highlighted part] thing about mining rigs as well.
You need some technical knowledge to mine while any computer-literate person can buy a coin on an exchange.
And they could lose everything if they're not careful enough
[unfortunately].
In Mining there are a lot of factors to consider, obviously you should live in a country wherein electricity is quite cheap,
Or you could use hosting services from a country that has a cheap electricity rate.
I'd honestly recommend holding more than mining just because of the effort time and money mining needs before you actually profit.
The same
[highlighted parts] can be said about hodling as well.
Miners get the opportunity to receiving virgin coin, coins that they were the first to own.
That's not always the case
[in general].