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?
For mining, it needs to be mentioned to know about very technical details.
Base on profitability level I would say it depends on how much you’re willing to spend or have. Bitcoin mining if setup well with large amount of capital can definitely generate profits and at the same time you will be a bitcoin holder too. But the amount to set a mining rig with equipments like ASIC are way too expensive, not minding the amount need for electricity consumption. As the time goes by it is even harder for solo miners to compete with large pools for bitcoin mining. The thing most miners do is to join this large pools if they don’t have the financial capability to host their own mining rigs that can actually compete.
But the easiest option for low capital investment is to just buy more bitcoin and hold in peace, although it wouldn’t generate the periodic profits that the mining option will bring but it will be more profitable than a solo miner with less than 2EH/s hashrate