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Adam / Woody
npub1s44…2pen
2024-04-15 04:10:22

Adam on Nostr: What is the benefit of mining #bitcoin vs just buying it? To mine, you need a lot of ...

What is the benefit of mining #bitcoin vs just buying it? To mine, you need a lot of capital and you may miss out on large gains. Just don’t see the value in that kind of effort? Maybe if you have a super cheap energy source than it is cheaper to mine it?

Have a friend that is looking at investing a large amount into it from a gas well in Alberta (cheap energy).

There’s risk in our gov’t in shutting down mining too.

Non-Kyc is a benefit but you can do that in other ways - just tough to do large volume I suppose.
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