I love the idea of mining because it allows me to dollar cost average into the market and there is no KYC involved.
Difficulty will increase for sure in the coming days and with recent inflation, electricity cost could increase again too. Also, mining rigs needs maintenance. And with electric devices, there's no guarantee that it will always work smoothly. If not from a reputable brand, there's a risk of getting scammed and warranty void problems. And most likely you will need two and a half years to get your investment's return.
On the other hand, if you buy Bitcoin in this bear market before halving in 2024, you could get a good amount of profit. Meanwhile you can DCA with it too. And KYC is not a concern because there are many decentralized exchanges available to buy BTC without the need of KYC. This is just what I think. It's your asset, and you should invest in which you feel comfortable.
In cases like this, it's better to just buy bitcoin and hold it for a long time in our wallets or just make a trade depending on what we want rather than buying mining rigs.
Because here in our country, bitcoin mining doesn't seem to work because the electricity consumption here is high per kilowatt hr (KWH), but if you are in a cold country like antartica, maybe it's possible hehehe, just kidding aside.