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21 sats \ 0 replies \ @orthwyrm 16 Aug 2023 \ on: Is Bitcoin Mining as a Passive Income a good idea? bitcoin
No need to earn yield when your money isn't being dilluted.
With yield, there's risk. In this instance there is counterparty risk. You're trusting a third-party to deliver the sats, manage their business properly, energy prices remaining low, not abscond with the ASIC, etc.
Compass Mining is one such example of a hosted miner who went under.
Just KISS and stack sats into cold storage.