If you DCA into #Bitcoin bull-run, you are getting less sats per dollar……..
If you mine into #Bitcoin bull-run, you are getting a 🔥 sale on 🌽………
Discussion
Depends on what you pay for electricity.
HODL for 4 years which comes naturally to us all and you will be ahead……….
Even if your electricity ⚡️ prices are high, they are fixed!
You don't have to tell me. I've been hodling longer than most people and doing better than most miners I know lol
DCA no matter the price and you're happy.
^^this is correct. Buying bitcoin is more cost effective than mining it for most people.
DCA into to the top and bottom would mean getting 🌽 potentially at 200k per coin price at the top, but at fixed electrical rate with mining………..
As the #Bitcoin price rises, mining makes a whole lot more sense even with more expensive electricity rates……..
This allows you to stack at the very top with profit……..
Mining at the bottom of the market does not make sense…….
Mining rigs sell at premium in bull run as their profitability has gone up.
Increasing hash rate and the difficulty adjustment are constantly squeezing miner profitability margins. And like any commodity production operation, once you buy the ASICs the decision to run them is a money forward one. So lowest cost of electricity “wins” in bitcoin mining. And retail electricity is not going to be the lowest cost of electricity.