I have developed a project
https://github.com/peroksid90/crypto_calculator
to compare mining vs holding. Contributions and comments are welcome.
For example,
you have 2500 $.
You can buy a miner or just invest this money to BTC.
Which is better in the long run?
So at the end we see:
the worst case: do mining and sell mined profit every day (red line) (7300$)
the better: just buy and hold (olive line) (8200 $)
the best: do mining and don't sell. (magenta) (12500 $)
magenta and red doesn't include the miner market price. So actually we should add it to the profit, because the equipment price is also rise(even used).
You would be better of with buying and holding, no doubt about it. Just Imagine you would have bought $1000 in Ethereum back in 2016 how much it would be worth today... Bitcoin has grown exponentially since its first appearance. Every time it has a strong uptrend other cryptos follow. Many people have made thousands of dollars just by holding.
https://github.com/peroksid90/crypto_calculator
to compare mining vs holding. Contributions and comments are welcome.
For example,
you have 2500 $.
You can buy a miner or just invest this money to BTC.
Which is better in the long run?
So at the end we see:
the worst case: do mining and sell mined profit every day (red line) (7300$)
the better: just buy and hold (olive line) (8200 $)
the best: do mining and don't sell. (magenta) (12500 $)
magenta and red doesn't include the miner market price. So actually we should add it to the profit, because the equipment price is also rise(even used).
You would be better of with buying and holding, no doubt about it. Just Imagine you would have bought $1000 in Ethereum back in 2016 how much it would be worth today... Bitcoin has grown exponentially since its first appearance. Every time it has a strong uptrend other cryptos follow. Many people have made thousands of dollars just by holding.