15 sats \ 1 reply \ @expatriotic 18 Mar \ parent \ on: Beware of millions of ways to lose your Satoshis mining this bull market bitcoin
Is there not a price at which it becomes feasible? Especially when you consider the potential future value of an M60 if prices appreciate like they did last bull market?
If prices for miners are sideways now, isn't it okay to lock in a future price? Like a farmer buying futures on their crop?
Yeah, what makes mining hard is it's really hard to project future profits.
It's important to think in sats as your unit of account instead of Fiat which creates a different view of pricing.
You can play games with equipment prices. It's always great to buy miners before the hardware bull really takes off. It's generally terrible to buy when the hardware bull really gets going.
So many people get wrecked because they make decisions with expectations of timelines that do not work out. The simpler you keep it, the more likely you are to be successful
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