Many people are still not sure how to get good profits from Bitcoin. Doing a good research is often difficult and some people want to make a profit by mining.
But is it really a good idea to generate profits from mining?
There will be no huge Bitcoin mining companies investing on bitcoin mining if this is not profitable instead of just holding. It depends on electricity rate and your mining rig equipment to become profitable in mining. In general, It’s really profitable if you have a good setup and cheap electricity cost. @Philipma can testify to this since he is very active on Bitcoin mining.
Bitcoin holding can’t even compared on mining since mining generates new Bitcoin for profit while holding doesn’t increase your Bitcoin quantity amount so both mining Bitcoin and holding Bitcoin will benefits when Bitcoin price increase. The only difference was you can get more profit on mining because your earnings grows like compounded because you generate new Bitcoin while it’s fiat value increase at the same time.