Quote from: Z-tight on Today at 03:11:14 PM

Quote from: Nemo.vi on Today at 02:57:42 PM

Bhutan has been mining Bitcoin since 2019, but that doesn't mean they're ahead in the race. Other countries and companies are also investing in Bitcoin with different acquisition strategies. The fact that Bhutan has "organic" Bitcoins doesn’t really set them apart from others, as many actors in the market also use sustainable methods. Focusing solely on Bhutan's model without considering the diversity of approaches from other countries is a bit reductive.

Either buying or mining BTC is fine, but it is great and unique that a country is mining their own BTC, and they have been doing so for a long time now. Take note that most countries neither buys nor mine their coins, they acquire it through confiscation and forfeiture, we can all agree that it is unique for a country to get theirs through mining than confiscation.

Saying that a country mining its own Bitcoins is unique may seem true, but it’s not the only viable approach. For example, El Salvador has chosen to buy Bitcoins to diversify its reserves and stimulate its local economy. This is a strategic choice that shows purchasing can be just as relevant, if not more effective, than mining.
Similarly, the Central African Republic has legalized Bitcoin and also opted for purchasing, which demonstrates that there are multiple ways to engage in the Bitcoin ecosystem. Mining requires significant resources, including energy and infrastructure, which may not be realistic for all countries.
The costs and profitability of mining vary from one country to another. Sometimes, buying Bitcoins directly can be a quicker and more strategic solution. Ultimately, it's important to consider the different approaches and recognize that mining is not always the best option.