Post
Topic
Board Bitcoin Discussion
Re: mine a Bitcoin or buy a bitcoin?
by
wagmi
on 07/09/2022, 20:42:45 UTC
As someone who is not a coder, we should of course buy a Bitcoin.
When we engage in Mining, we need special knowledge for running a Bitcoin Miner and we also need some time to get our initial investment into Mining equipment back.
Because we have to buy it first.
When we have a bought Bitcoin, we can have profits from Bitcoin price increases directly.

You should also know about hashrate.
Because hashrate is going up every time, mining is getting more efficient, when new miners have more hashrate and if we are normal miners, even when we are coders, we have to compete against professional and industrial miners.
It is very difficult to get an initial investment back from mining when we buy mining equipment.

Buy and HODL is much better

wagmi