Post
Topic
Board Mining
Re: Mining .vs buying in a bear market
by
apogio
on 24/03/2023, 07:39:24 UTC
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.

Hello, I don't know much about mining, but there are ways to buy Sats without KYC.  (You will need a card though, but nothing more than that)