Starting to feel some #Bitcoin mining FOMO.
Thought process being, miners are still dirt cheap, future is uncertain, may be one of the only sure ways to stack more corn in hyperinflation or fiat rails destruction.
Yes difficulty is off the charts, but to not even have one machine.............
Talk me out of it!
Cheaper to just buy bitcoin, no? Unless you have access to super-cheap electricity, or are heating with electricity anyway.
Kaboom Racks has fair pricing with good quality for used machines. Good customer service too. I've been keeping my eye out for a whatsminer m20s.
Bitcoin mining is an extremely competitive industry. Pretty much global and with no barrier to entry. What's your competitive advantage? Without one you'll be worse off (with fewer bitcoin in the end) and, at the margin, you retard adoption by dampening NGU. Every extra day in fiat society is more suffering and more death. We are in a race to avoid a war. Let's win ASAP. Mining is not cool. It's not glamorous. No mining unless you have a clear competitive advantage.
almost 2 years ago I was keen on an S9... Parman told me to use the cash and buy bitcoin.
He was right, if my intention was to increase my wealth.
If you want a hobby to tinker with (E.g. use it as a home heater that produces Sats) go for it.
Buy several and heat everything with them! Seriously just buy some miners.
