Mining or Purchasing BTC - Which Is More Profitable

I believe that right now it is more convenient to purchase bitcoin than to mine it because doing so is expensive. It takes a lot of money to mine bitcoin, and while it would have been quite profitable to do so five to ten years ago, given the level of competition and the price of bitcoin now, you might as well just purchase it rather than mine it.

Stronghold Mining Company is in a better position to explain how it is now unprofitable to mine bitcoin, which has led them to the decision that it would be smarter to sell off their bitcoin mining equipment in order to pay off their debts. It makes sense that these businesses have accrued debt and are seeking for methods to pay it off given the loss cryptocurrency has suffered since its all-time high—a 65% loss is not to be taken lightly.

Due to the need to pay bills, the price of electricity, and the cost of maintaining bitcoin machines, many people sold their bitcoin holdings during this time. No one is certain how long this bear season will last, but many miners who attempted to be long-term investors are selling off their shares. Here, evidence of stake is a more advantageous choice than evidence of labor. Proof of stake only requires you to stake your tokens or coins in order to earn; you don't actually need a mining device to do so.

I'm curious what will happen to the Ethereum miners following the ETH 2.0 Merger; I suppose they will have to sell their mining machine/equipment at a drastically reduced price.