Mining vs Buying Cryptocurrency in 2023



Oftentimes I am asked why are you building out a crypto mining farm instead of just buying Bitcoin? There are a lot of pros and …


34 Comments

  1. I came across Venom, a new layer one project that is currently running a testnet.what about the venom testnet project please let me know about that

  2. I want to start mining but my stragy was and is to use AI bots to profit first. I put $1000 into pionex a while ago before the FTX bull shiv <—– (see what I did there?) I was $70 down still and then this rebranding thing happened starting yesterday and now it's down alittle over $130 again 🙁

  3. Great video as usual. Would you please give away a VosCoin. No. Give ME a VoskCoin or TailsCoin. I've been mining them for a while but I never get more then .00000000000000000000000000000000000000000000000000000000000000000000000000000001

  4. Been CPU mining since 2017, stopped now, because electricy used is more $ than mining revenue. 4 Helium units dropped to about 35 cts a day each, and my 2 greenxxxx are on order (through Voscoin), arrival and install in about a week. Lots of fun, keep me busy, 80+ & retired.

  5. Regardless that I agree its' more fun than hanging out with trader jerks, you will make way more with trading or just buying the current dip (yep we are still -90 down on alts) right now. Staking is completely BS, you can literally make more on a single well timed trade on insert your coin here than staking it for a year.

  6. Been mining a coin called Nodle for the last few weeks, can be done on phone for people who can’t afford huge hardware – but can use what they can use each day, I’m mining out around 46 Nodle a day with 4 phones. Maybe talk about this coin? You only seem to talk about mining with expensive hardware… phones are a lot cheaper

  7. isn't it true if you get a $1000 machine and mine $333 worth of crypto for 3 years, you need to pay tax on those $333 x 3 because it is "gain", vs if you buy $1000 crypto outright, there is no tax because it is not "gain" but is "investment"

  8. Agreed that mining is a lot more fun. However, you’re glossing over how demanding the infrastructure maintenance and optimization side can be in OPEX, CAPEX and time. And those demands only increase as you scale.

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