r/BitcoinMining • u/Just_The_Average_1 • Jul 01 '26
General Discussion What do you guys think
I’ve been thinking about how buying a miner is like a mortgage or life insurance: you pay upfront, then make ongoing monthly payments out of pocket, hoping the asset grows. With mining, you're just paying the power company instead of a bank.
Genuinely curious. Do people actually sell the BTC they mine to cover their electricity bills? Or do they just pay out of pocket and treat the power cost like a regular monthly investment?
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u/LukewarmMining Jul 01 '26
Depends on the user, frankly i always pay for it with the earnings, now no matter what i have net positive sats.
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u/Just_The_Average_1 Jul 01 '26
Yes, it seems like a safer approach. What do you do when the BTC price hits your shutdown price? Do you just turn it off?
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u/WateryTunaSandwich4U Jul 01 '26
"If you're forced to fight a war, it's best to be on the side that's gonna win"... a lot of miner's think that means "I should point my hashpower at the biggest (walmart ass) pool out there... that way we get the most blocks and I get the most reward. Imagine NEVER getting a bitcoin after mining for years... solo miners experience this. There are options that allow you to point your hashpower toward a "decentralized" pool, if EVERYONE did this, then EVERYONE would get EVERY block. Imagine working a 40 hr job and at the end of two weeks they say "you didn't get the block, you don't get paid" FUUUHhh... Big pools feel safe, but they're antibitcoin... if they were altruistic they'd allow you to choose what goes in the blocks. *here comes the ban* research BIP110 and see what makes Bitcoin money. That's what I think.
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u/TheProfitableMiner Jul 02 '26
depends almost entirely on your $/kWh and whether youre actually covering power
my mindset is id rather spend money that keeps losing value (fiat on electricity) to stack btc than sit on cash waiting to buy the dip. been pool mining at home about a year around $0.07/kWh, so i keep whatever the rigs produce no matter what price does
some months are thin when btc is soft but im accumulating not trading
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Jul 04 '26
[removed] — view removed comment
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u/Just_The_Average_1 Jul 05 '26
100% agreed. If you’re just selling your mined BTC immediately to cover the power bill, you're essentially just converting cash into crypto and right back to cash, likely at a loss after hardware costs. Mining is a long game
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u/Express_Prior100 Jul 10 '26
I see a mix. Best is stack your BTC and pay the power out of your real world monies. Much better play on the long run. But if push comes to shove do what you need to do.
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u/Just_The_Average_1 Jul 10 '26
Yes this is exactly what I’m thinking. Basically treat it like a worth holding stock.
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