What is the benefit of mining #bitcoin vs just buying it? To mine, you need a lot of capital and you may miss out on large gains. Just don’t see the value in that kind of effort? Maybe if you have a super cheap energy source than it is cheaper to mine it?
Have a friend that is looking at investing a large amount into it from a gas well in Alberta (cheap energy).
There’s risk in our gov’t in shutting down mining too.
Non-Kyc is a benefit but you can do that in other ways - just tough to do large volume I suppose.
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How will the government know he's mining if he doesn't announce it?
I'm gong to be using miners to provide heat in the winter mostly from solar power, eventually through a radiant floor system. Mining BTC will help cover the costs of running stuff like that. Small scale mining with older/used miners will have edge case benefits that can't be otherwise utilized.
Fair enough. I can see small scale having its benefits.
My friend is doing large scale around 1000kw of power.
That's a good bit! I really do hope it works out for him.
