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.
There are pros and cons to both options of buying two S19j Pro's for $3,700 USD and mining it for the next few years or just buying $3,700 worth of bitcoin (0.16 BTC).
Mining can allow for dollar cost averaging and avoid KYC, but there is a risk of not being profitable before reaching 0.16 BTC due to the increasing mining difficulty and electricity costs. It also requires maintenance and may not be as profitable as just buying bitcoin upfront.
Buying bitcoin upfront is less risky and may provide a good return on investment in the long run, but it doesn't generate earnings like mining and there may be KYC requirements when cashing out.