KC on Nostr: A mining machine is a MONeY PRiNTER. You heard it here first. I started mining a few ...
A mining machine is a MONeY PRiNTER.
You heard it here first.
I started mining a few years ago and it is amazing.
I say that everyone that can mine, should mine with something. Doesn’t matter if it’s a big or small miner setup.
This opinion isn’t widely accepted yet but it will be. (I’m predicting the future.)
Mining is a cut throat business. That is true, but the small miners are not in it for a business opportunity all of the time.
Some of us want to be nerdy and learn about it and can throw $5.00 at a miner or two. Others want to contribute to the network (which is my major push of mine.) The more small miners we have out there in the wild, the more decentralized the network.
Yes you will almost definitely have more sats just buying the sats and holding on until the price goes up. That is looking at it today.
In 5 years when the price has tripled you are still accumulating sats and only have to pay for electricity, you will be glad that you did. Electricity prices will go up slightly compared to the bitcoin you gain.
I guess I am just more bullish than they are.
My favorite saying is that it is a money printer !!!!
Think about it.
I pay for electricity and in return
I get virgin, no Kyc bitcoin,
can hold the bitcoin or
Can sell it without attachment to me ever which means no taxes,
I’m mining at the current price and my energy is fixed.
I mine when bitcoin goes up or down because it is a fixed cost. So when price goes up I get less sats but what I mine is worth more. When the price goes down I get more sats to stack. I’m never worried about buying the dip.
With all of that being said. Where are you in all of this. Are you considering mining?
You heard it here first.
I started mining a few years ago and it is amazing.
I say that everyone that can mine, should mine with something. Doesn’t matter if it’s a big or small miner setup.
This opinion isn’t widely accepted yet but it will be. (I’m predicting the future.)
Mining is a cut throat business. That is true, but the small miners are not in it for a business opportunity all of the time.
Some of us want to be nerdy and learn about it and can throw $5.00 at a miner or two. Others want to contribute to the network (which is my major push of mine.) The more small miners we have out there in the wild, the more decentralized the network.
Yes you will almost definitely have more sats just buying the sats and holding on until the price goes up. That is looking at it today.
In 5 years when the price has tripled you are still accumulating sats and only have to pay for electricity, you will be glad that you did. Electricity prices will go up slightly compared to the bitcoin you gain.
I guess I am just more bullish than they are.
My favorite saying is that it is a money printer !!!!
Think about it.
I pay for electricity and in return
I get virgin, no Kyc bitcoin,
can hold the bitcoin or
Can sell it without attachment to me ever which means no taxes,
I’m mining at the current price and my energy is fixed.
I mine when bitcoin goes up or down because it is a fixed cost. So when price goes up I get less sats but what I mine is worth more. When the price goes down I get more sats to stack. I’m never worried about buying the dip.
With all of that being said. Where are you in all of this. Are you considering mining?