Is mining really profitable? What is the difference between buying coins and mining? This is a question that many people have in mind. For me, in the field of virtual economy, mining is an industry that lies between trading coins and the real economy. Compared to trading coins, the payback period and return on investment for mining are relatively low. Similarly, mining does not carry the high risks associated with trading coins. Just like this bull market, aside from BTC, other coins have all suffered significant losses, even ETH has dropped by half! When to add to positions and when to break even are all tests of human nature in trading. As a trader for four years, I am well aware of human greed; perhaps mining is the only method by which I can steadily earn and realize profits. In the entire crypto world, there are many ways to make money. Some people love to play the new projects on various public chains, enjoying the process of either becoming rich or going to zero. Some prefer to buy spot and hold on like diamond hands to maintain their beliefs, while others enjoy contracts, playing the fluctuations between each percentage point. So what is mining? Many people think that buying a mining machine means it will keep mining until it is scrapped, but in fact, mining is not as simple as just having a machine. I prefer to understand mining as purchasing real estate. This kind of real estate gives you rental income daily, and its value changes with market fluctuations. It’s not just about buying a mining machine and waiting for it to be scrapped; as an investment project, mining can be said to be the best and most efficient operation model for assets. As coins are mined and delivered to your account daily, the value of the mining machine also sees significant increases, just like the appreciation of an investment property. When the machine appreciates, that is the time to cash out; after appreciation, the coins we mined are essentially free earnings, and the machine can be sold at a better price. This cash can then be reinvested into better and higher-end models. Mining is a process of continuously realizing profits and increasing the total value of your assets. So when is the best time to enter the market? The answer is now because we are mining mainstream coins primarily.$BTC So, has this bull market ended? The answer is definitely no. Will it drop further? I think the answer is also yes. But we must understand one principle: the highest and lowest points are always the most expensive cost prices. Therefore, entering the market to layout mining at this moment is the best choice to cash out machines and coins at the peak of a bull market. If we buy in now and there is no bull market for a long time, what should we do? Don't forget that mining machines produce every day, delivering tangible profits every day, rather than the floating losses and gains of trading coins! To learn more about mining machines and mining sites, for more insights and exchanges, follow me—your mining expert by your side!
