WHY MINE CRYPTO INSTEAD OF BUY IT?
The value of ETH and BTC are always in flux. However, the beauty of mining is that as long as the power cost of your mining rig is less than the amount you’re generating, you’ll always remain profitable. Here’s a real world example of how mining is less risky than buying bitcoin.
Between May 3 2021 and June 3 2021, the value of BTC to USD fell a massive 31.1% from $56,631.67 to $39,007.92. This means that if you bought $7,999 worth of BTC on May 3rd, a month later you would have lost $2,479.69! Alternatively, if you had invested that same $7,999 in a mining rig that generates $10.70 per day, you would have instead gained $331.70!
Mining preserves capital while generating a relatively high return on investment (ROI) whereas buying crypto is a high risk endeavor.