Post
Topic
Board Mining speculation
Re: Do you think that Bitcoin is more worth buying than the ASICs?
by
goldkingcoiner
on 23/12/2022, 14:24:07 UTC
What is your reason for starting mining?

How do you define whether a supplier is legit?

Thanks

I am not sure why you have 2 different questions in your post and 1 random question in your topic header but I will try to answer, to your topic question of if I think buying BTC is worth more than mining hardware:

I think that your perspective on this is wrong. At some point, your investment in those ASICs will be covered by the mined Bitcoin profits. And once you have regained the money you invested, you will be mining for profit, having to cover only your mining bills (electricty, rent and so on...).

Now, if your mining bills >= Bitcoin profits then obviously mining Bitcoin with ASICs would be useless as you would earn no profit and there would be no point in buying ASICs in the first place.

So the question you should ask yourself must be: Is my government ripping me off when it comes to the electricity bill ? Roll Eyes