Quote from: OutOfMemory on December 07, 2024, 07:44:34 PM

Quote from: WatChe on December 07, 2024, 06:01:51 PM

Quote from: LoyceV on December 07, 2024, 05:57:09 PM

Quote from: LFC_Bitcoin on December 07, 2024, 03:46:24 PM

Market Cap:
- Gold : $19.4 TRILLION
- BItcoin: $2 TRILLION

Amount of gold mined: 187,000 metric tons.
Amount of gold in the earth's core: 1.6 quadrillion tons.
I'm not even going to calculate the percentage. But for Bitcoin, 94% has been mined already.

so it's better to buy Bitcoin rather mining it.

JJG (IIRC) pointed this out quite a number of times since i've been here (2017)...
Walls-of-text sometimes matter, don't get used to scroll over them Wink

Quote from: philipma1957 on December 07, 2024, 07:12:38 PM

Quote from: WatChe on December 07, 2024, 06:01:51 PM

Quote from: LoyceV on December 07, 2024, 05:57:09 PM

Quote from: LFC_Bitcoin on December 07, 2024, 03:46:24 PM

Market Cap:
- Gold : $19.4 TRILLION
- BItcoin: $2 TRILLION

Amount of gold mined: 187,000 metric tons.
Amount of gold in the earth's core: 1.6 quadrillion tons.
I'm not even going to calculate the percentage. But for Bitcoin, 94% has been mined already.

so it's better to buy Bitcoin rather mining it.

well it all depends. the t21 miner was as low as 3000 usd.

....

Right, this is one of the "but it depends" points. If you are able to get miners now and pay them later, it works with cheap electricity, if the BTC price is higher, but mostly in fiat terms. If you are after BTC, i consider DCA/Lump-Sum as the better performing play, since you profit on bear markets (get more BTC per Dollar) and also bull markets (get more Dollar per BTC). It really depends on the personal goals, and there are in-between solutions, like mining for Dollar when the price is high, followed by spending the gains in lower market price periods.

tend to do both when I can.