Quote from: deafgoose on March 02, 2023, 06:24:56 PM

Should I buy two S19j Pro's for $3,700 USD and mine it for the next few years or just buy $3,700 worth of bitcoin (0.16 BTC) ?

My worry is that mining difficulty will keep going up and I will run out of time being profitable before I reach 0.16 BTC.

At the current difficulty of mining, it will take over 250 days to mine 0.16 BTC with two S19j Pro's (assuming electricity is free) but the difficulty will be WAY higher in the next 250 days...

I love the idea of mining because it allows me to dollar cost average into the market and there is no KYC involved.

Only do mining if your electricity cost is profitable because mining is for long term investment and will definitely generate more money than buying upfront since you can sell the rig afterwards.

Only buy token if your electricity cost is expensive and not profitable because its just a waste of time and money to mine at loss than buying the tokens up front.

FYI. You will still need to KYC if you mine your tokens when you are already cashing out your profit to fiat. You will still need CEX no matter what happened if you are planning to get a fiat out of your token investment.