Re: My future as a Miner
by on 05/10/2025, 12:10:05 UTC
Mining is hardly profitable that's one, two, we are approaching the cycle top (don't ask me how I know, we have been doing the same cycle shit since forever), terrible timing to invest money in mining gears, the next cycle is going to be even more brutal.
My strategy is exist the market slowly (December is probably going to mark the cycle top with 1-2 earlier or later) then a long bear market, start my accumulation, wait for the next cycle.
Why isn't mining profitable?My strategy is exist the market slowly (December is probably going to mark the cycle top with 1-2 earlier or later) then a long bear market, start my accumulation, wait for the next cycle.
If you have electricity at 2-4 cents and a mining location where you can install and maintain the equipment yourself, your return on investment will be excellent. You can recoup your investment within a year.
If you lack experience, a location, and expensive electricity, it's unprofitable.