Magazine

The Decision To Mine Or Purchase Bitcoin

For mining insight, others such as @Diverter and @Econoalchemist have published detailed reports on their experiences and lessons, helping others through the experience and avoiding pitfalls in the mining space. I would like to add to this compendium and address economic aspects, specifically, the question of mining versus outright purchases of bitcoin.

There are many benefits to mining bitcoin, such as acquiring non-KYC bitcoin, enhanced privacy and contributing to the bitcoin ecosystem. Outside of these benefits lies a more objective benefit: The quantity of bitcoin one can obtain with fiat. By solving how much bitcoin one can acquire, it clears some of the uncertainty of the decision to be made and reveals an interesting side benefit: By focusing on the quantity of bitcoin, one can disregard exchange rates back to fiat.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker