Is Bitcoin Mining an Investment? The Economics in Plain English
Mining gets sold as a way to "earn Bitcoin". It's closer to running a small business with one input cost that decides everything.
Topic
Building wealth slowly: portfolios, time horizons and staying the course.
Mining gets sold as a way to "earn Bitcoin". It's closer to running a small business with one input cost that decides everything.
Buying Bitcoin and mining it both leave you holding Bitcoin. The path there is completely different, and so is the kind of person each one fits.
One asks you to beat the market. The other asks you to own it. Here's how to decide where your first investing money goes.