Post
Topic
Board Mining
Re: Can mining be relied on for financial stability?
by
Myleschetty
on 16/08/2022, 21:42:03 UTC
As a miner, can you say mining is fairly profitable for you and can be completely relied on to give financial freedom from acquiring bitcoins, Or have you considered involving yourself with other methods of acquiring bitcoins like trading and DCA?
Crypto is volatile and mining not always is profitable and so is crypto trading either.
Meanwhile, for your mining to be profitable it will be determined by your mining rig, maintenance, what you mine, and the cost of electricity while trading solely depends on the market price and your trading decision.
Both mining and trading have their own risk but solo mining is not that profitable anymore and I will advise you to evaluate using whattomine before making your decision.