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Pros of Buying VS Mining Bitcoin

Bitcoin Reddit

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I personally have 2 ASIC S19 JPro miners that have been running for about 11 months. Total investment was around: $4,400 So far I’ve earned $5,500 ish (a little over 0.13 Bitcoin). With electricity costs of roughly $2,100 (really good electric rates, my friend has a hosting facility and I get 6 cents / KWH). Total profit -$1,000 but should be break even very soon and I’ve paid all electricity costs with my other $$ not selling any Bitcoin

If I just bought $4,400 of Bitcoin in January of 2023 I would be up about break even right now.

Keep in mind I did this for fun but let’s talk pros and cons about buying vs mining Bitcoin with a small amount of funds!

submitted by /u/dafinancialwolf
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