Some miners actually prefer buying hardware during bear markets because equipment prices and competition are lower.
But profitability depends heavily on electricity costs, hardware efficiency and the long-term Bitcoin price outlook.
For many people it’s often simpler to just accumulate BTC rather than run mining hardware.
wosoda on
If you’re just a small-scale investor, just buy the coin. Mining costs a fortune, and for older rigs, the power bill is basically equal to the Bitcoin you’d actually earn.
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Some miners actually prefer buying hardware during bear markets because equipment prices and competition are lower.
But profitability depends heavily on electricity costs, hardware efficiency and the long-term Bitcoin price outlook.
For many people it’s often simpler to just accumulate BTC rather than run mining hardware.
If you’re just a small-scale investor, just buy the coin. Mining costs a fortune, and for older rigs, the power bill is basically equal to the Bitcoin you’d actually earn.