I presume you typo'ed the URL and meant https://wilsonmining.io/ instead?

I mine at home and heat my house at the same time, so even if the el. price is a bit higher, it still is beneficial. Of course, unless you have many top machines, your reward is just a few thousand sats.

Wow! a lot of action on this post, very nice sir.

Dropping the show in here for those that want to dive deeper down the mining rabbit hole. All the old Pleb Miner Month and Pleb Miner Monthly content is there and wherever you listen to pods, just search "Ungovernable Misfits"

For those that want to buy mining equipment, Altair tech is a good choice, use our affiliate link.https://altairtech.io/aff/35/

The price difference can be modeled in different ways.

The most important part is what you want to achieve.

If you want to get Bitcoin, you can simply buy it.

If you want to get to know how mining works, you can buy a home unit and tinker with it. You'll get a few sats for your efforts, you can buy the rest.

If you want to dedicate your time as a job, or maybe as a company, then you can go full on into mining. It will require your attention as any other job or company. You will be rewarded with bitcoin for doing so.

Also keep in mind that you could sell any other kind of goods and services for Bitcoin directly.

Mining is more rewarding even if it gives you less sats than spot.

I have a bitaxe ultra, definitely just in it for getting into the entire Bitcoin ecosystem.

Bitcoin mining is like leveraged play on Bitcoin price. When Bitcoin price crash, even the miners get cheaper.

You want to secure best miners prior to the pump, but it takes months to deliver and setup miners, a market crash would leave you wondering if you should even mine at a loss.

I completely agree that mining Bitcoin is a high-risk investment, primarily due to timing. The profitability of Bitcoin mining is profoundly linked to the market price of Bitcoin, and when the price is high, the rewards for mining can cover your daily operating costs such as the original hardware investment and continuing electricity expenses. However, these conditions can change quickly, and Bitcoin halving events, which occur every four years, can have significant impacts on miners by halving the reward for mining new blocks, enabling you to commit the same resources while reaping half the return overnight.

Furthermore, as more people join the network, the complexity of mining increases, which can reduce your potential profits over time. If you've invested considerably in mining equipment, If you've invested considerably in mining instruments and the difficulty suddenly rises, your hardware may become less profitable than it once was.

Finally, the expense of opportunity is a key assessment. The Bitcoin used to buy mining equipment could have been more profitable if kept or invested elsewhere.

As a result, Bitcoin mining demands accurate timing, which increases the danger. To guarantee that your mining operations continue to be rewarding, you must carefully determine when to invest in mining equipment and regularly monitor market and network circumstances.

I only spot buy not because I can't mine or can't install some in my house or my office. I don't wanna take some extra headache of always thinking about these machines. They are after all like a lottery, if your timing is correct, you get the block reward. Don't like getting paid for luck and to say it more technically, Don't wanna remain thinking about them.

I’m not smart enough to compete with the margins needed to be profitable, so I spot buy and do other stuff

It depends on what's your starting budget and how much you want to acquire but I'm my opinion generally spot buying is less risky and stable opposed to mining where many things can go wrong...

I can’t wait to mine one day! I just want to do it to learn and increase my ability to explain the magic of bitcoin to people. Some piece of land somewhere with power I generate myself with some fun way to repurpose the heat. The dream.

let me get this straight,

You are in china, and looking for a US based company for mining?

Dont they have way more expensive energy costs?

I would assume you should look to people based on the east where electricity is way cheaper..

My experiences with online mining are not very good.. DCA would have been better.. But i guess this depends on energy and price behaviour..

Need your Attention stackers!

Buy and hold the coin. Mining is hard and is going to get much harder. Your competition will have a different set of incentives as they seek transaction control rather than coinbase rewards. If you are looking for a business, choose any profitable business, store your profits as bitcoin and measure your business's success on your total stacked value. Make decisions on business growth based on whether your stored stack will increase rather than your gross revenue. Help usher in a new era of rational small businesses owners.

Buy, cant afford to mine (i mean dont have the equipment to start mining)

You'll never payback the mining rigs.

Just buy hashrate with bitcoin and get kyc-free sats - rigly.io

Profitability and viability depend entirely on electricity price / is you are able to reuse heat for other purposes.

Will be tough unless you have 0.06 cent power or better.

Could be breakeven for KYC free sats

Aren't they selling with 💰💩💩 I can't trust them unless they change it to 'Buy in Sats'. Also the product description is not comprehensive. The idea is good but the mindset should begin with Bitcoin Standards. Only 2 products !!!!