411 sats \ 5 replies \ @SUPERMAX 24 Apr \ on: Samourai Wallet Founder Arrested for Money Laundering privacy
Best way to acquire Bitcoin is to mine.
Always has been.
But you need to buy a bunch of ASICs to mine bitcoin, whether with a pool or not, so that's a non-starter for normal people.
reply
I agree with your initial thought on this, but disagree in execution for folks.
You can purchase even something as small as a BitAxe and connect to a pool that pays out in Lightning
All matters is how bad you want it.
Or..
Go find someone who does have ASIC's plugged in and kindly ask if you can pay their electric bill in exchange for their sats. Again how bad do you want it. Nothing is easy. You want easy, just buy right from exchange.
That's not true!
You'll end up with more bitcoin almost every time if you market buy ASAP. Mining will acquire bitcoin at a delay and it will usually be less than a market buy at spot price at the same time you would have bought mining equipment.
Even in the very early days. You could have used minimal power to mine 50 BTC 2 or 3 times a day! However, if you found a seller, you could have acquired thousands of bitcoin for hundreds of USD!
reply