What is the benefit of mining #bitcoin vs just buying it? To mine, you need a lot of capital and you may miss out on large gains. Just don’t see the value in that kind of effort? Maybe if you have a super cheap energy source than it is cheaper to mine it?
Have a friend that is looking at investing a large amount into it from a gas well in Alberta (cheap energy).
There’s risk in our gov’t in shutting down mining too.
Non-Kyc is a benefit but you can do that in other ways - just tough to do large volume I suppose.
Adam / Woody 🍷
npub1s4…d2pen
2024-04-15 04:10:22
Author Public Key
npub1s44my6k7unqsr2krtazj7pfja6v0mucju8qfmy9njsvjlccdk4vsxd2penPublished at
2024-04-15 04:10:22Event JSON
{
"id": "1535066c4816ecf62b3748e44918c4f242f0bfc898d9a84a95ee9667462033cc",
"pubkey": "856bb26adee4c101aac35f452f0532ee98fdf312e1c09d90b394192fe30db559",
"created_at": 1713154222,
"kind": 1,
"tags": [
[
"t",
"bitcoin"
]
],
"content": "What is the benefit of mining #bitcoin vs just buying it? To mine, you need a lot of capital and you may miss out on large gains. Just don’t see the value in that kind of effort? Maybe if you have a super cheap energy source than it is cheaper to mine it?\n\nHave a friend that is looking at investing a large amount into it from a gas well in Alberta (cheap energy). \n\nThere’s risk in our gov’t in shutting down mining too. \n\nNon-Kyc is a benefit but you can do that in other ways - just tough to do large volume I suppose.",
"sig": "a349d21ae9f21af84fa043b92e9ce4bd3fba5eeff14df1e62abac5e988d6d981e6f02ad1f2c05d4a3083822b7e6f18e48bbe13f87b47211baf51b53f1ab2cd08"
}