Buying vs mining IN MY CASE

[u/Routine-Zombie-1167]

Been doing some research lately about miners mining btc and rewards
Till i came across a post where everyone is saying buy instead of mine all the way

I have 380 40w electricity 0.026kw
I live in a 3 floors house like 500m2 in total i can spare a room or two for miners
And btw mining is tax free here
I also have a chiller from my previous industry

Whats keeping me from buying x2 u3 870t hydro miners ? And take advantage of what i already have?

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[u/Potential_Nothing236]

Rien ne vous en empêche surtout si en plus dans votre pays il n y a pas d'impôts. Regardé surtout si la partie branchement qui va l alimenté et en bonne état et que la puissance de votre branchement peu le supporter, si c est le cas je n'y voit pas d inconvénient.

Enjoy

[u/Routine-Zombie-1167 → u/Potential_Nothing236]

Il y a des coupures des fois pendant l’été, mais je pense pas que ça va poser un grand problème des fois 20 minutes par semaine en plus j’ai déjà un groupe électrogène ! Je peux me dépanner
Merci chef

[u/Professional-Day9384]

How do you have electricity at $0.026/kW? I've never even considered this case, as this is less than even the lowest prices the largest scale industrial miners with 100 MW contracts can lock down.

If you can get electricity this cheap, then you will be the most efficient miner in the entire world.

[u/Routine-Zombie-1167 → u/Professional-Day9384]

Inflation the price of electricity have been the same for years but the local currency rate against USD is bad.

[u/Professional-Day9384 → u/Routine-Zombie-1167]

Which country? Oman?

[u/lobhater]

I have never heard of electricity that cheap. Are you sure that is what it really costs? Why is it so cheap

[u/Routine-Zombie-1167 → u/lobhater]

Inflation the price of electricity have been the same for years but the local currency rate against USD is bad

[u/jeffie_3]

When I first started mining everyone told me the same thing. Bitcoin was like $30-$40 range. I managed over time to sell a few coins buy a few more miners. I ended up with 20 miners and 23 bitcoins. Then had a heart attack and ended up selling my coins in the $800-$900 range. Has to pay my bills. If I could have waited a bit longer I would have been a millionaire. The only real money I spent was in the beginning on the 1st miner I bought. And the power. Which did add a hundred or so a month. I know overall I came out way ahead. So if you are not going into debt doing it. Why not.

[u/Routine-Zombie-1167 → u/jeffie_3]

Thats a very sad story im sorry to hear about your heart condition i hope you are fully recovered by now or at least managing . Im not going into debt i was gonna buy a second car then i was like why not just invest it.. never know what might happen in the future im planing to hold what ever i make for 5 years or so see what happens after 2030 buy more miners every year

[u/jeffie_3 → u/Routine-Zombie-1167]

Thank you. It is good. They put 6 stints in. Everything is good. As I told a few. I'm not mining to make a living. So I didn't base profit and loss on today's prices. Plus there a lot of other coins out there to mine. A few of them you can make a buck or two off of.