MINING BUSINESS
Another interesting thing about mining is that the miners are contributing to the security of the network. Those coins earn are the reward for securing the network and process transactions of the network. You can also sell your miners when you want to quit the mining business at a price higher than the price you bought it because the miner's price work with the crypto price. The coins that you mine are clean because it has no past transactions, so you do not have to worry about sanctioned coins.
Although mining coins is very, it has its own downside such as electricity consumption. Those doing this mining business usually get a huge electricity bill but if you are mining profitably, you should be able to sell part of your mined coin to pay for the electricity bills. Mining crypto requires a huge investment up front and I take a very long time to get back your initial investment from mining. Even though you can always sell your miners but it is not easy to sell compared to just selling a coin on an App. Another thing is that your miner will make less amount of money because more people are starting mining businesses which reduces the hash rate.
On the other hand, buying Bitcoin is very easy because you can just log in to your crypto exchange platform to buy your coin in a few minutes. You also do not need technical knowledge to buy crypto but with mining, you will need technical knowledge to set up your miners. You can decide if you part you want, if you think you can deal with the technical aspects of setting up miners, maybe mining will be good for you. If you think you don't want to go through the hassle of mining, you choose to buy coins on an exchange platform.
https://twitter.com/Opopa13938978/status/1589651156749651968?s=20&t=nZhaLemGve_5S_L1PG88kQ
That ethereum merge put the final nail in the coffin for mining with graphics cards. Now it is only ASIC cards.
We are also work in mining .Thanks for this post.
It is very important information thanks for sharing with us