Why isn't mining profitable?
If you have electricity at 2-4 cents and a mining location where you can install and maintain the equipment yourself, your return on investment will be excellent. You can recoup your investment within a year.
If you have no experience, no location, and expensive electricity, it's unprofitable.
I said mining is "hardly profitable" and whenever I advise against mining bitcoin I advocate buying Bitcoin instead, to me it is this way:
buying BTC > mining > fiat
You may not agree with me but I base my arguments based on facts, for mining to beat DCA into BTC you need a lot of stars to allign, you can't just make assumptions that your gear will run for a few years before breaking or before difficulty sky rocketing, we all have seen many mining operations (large and small) lose money and go broke, but we have not seen many who DCAed their way buying BTC and regreted it 4 years later.
See, it is no rocket science, if you are a miner you have time against your side with all the difficulty growth and potential gear or infrastructure failure, and every second passes ads more risk to your investment, on the contrary, if you just hold BTC time is always on your side, the longer you hold -- the more value your assets earn.
But again, by all means, if you think mining BTC beats buying it, go for it.
But then answer another question: why is Bitcoin's hashrate growing? Is it possible that mining companies haven't heard of the DCA strategy?
There's an expression in Russian, "Don't wear someone else's slippers."
To put it simply, mining allows you to buy Bitcoin (DCA strategy), but at a much lower cost if you have affordable electricity and a good location.
Mining is hardly profitable that's one, two, we are approaching the cycle top (don't ask me how I know, we have been doing the same cycle shit since forever), terrible timing to invest money in mining gears, the next cycle is going to be even more brutal.
My strategy is exist the market slowly (December is probably going to mark the cycle top with 1-2 earlier or later) then a long bear market, start my accumulation, wait for the next cycle.
Sounds about right, I have seen few posts like this one too that Bitcoin top is very near than ever now, I am going to wait and see what ETH does because that's the money I planned to rotate into Bitcoin mining, but it seems I am better off just buying bitcoin at the lows in 2026 if the bear market do hit like few predicted.
Thank you for the time you took to reply to my question, I will keep your warning and advice in mind.
That's the best investment you can make don't go with mining better invest on BTC when there is the bear market but keep in mind that you need to be disciplined and not to spent any btc more than 5-10 years
and also make sure to store them on secured wallet don't keep on exchanges

Dear Bitcoiners,
We are thrilled to introduce our latest release : the 2nd Bitcointalk Hat card edition🧢
first of all I would like to thank the following users on behalf of the entire Icarus team - without you and your approval this great edition would never have come about:
Toxic2040 - philipma1957
Following the successful sale of the first edition with the following hats from:
AlcoHoDL - BitcoinGirl.Club - efialtis - El duderino_ - fillippone - mikeywith - minerjones - Ratimov - shahzadafzal - xhomerx10
the long-awaited second edition of the beautiful hat cards is now available!
The Hat editions will be buyer funded. You can load your card if you wish. There are a total of 10 designs (each design has a mintage of 21 cards) in this edition
as there are only 21 cards in this edition, all buyers are treated equally and the advantage of a subscription is suspended here.
the principle of whoever orders first gets the card/s ordered applies here.
you can order individual cards as well as the complete set of 10 cards - the prices can be found at the bottom of the page
Icarus 2nd Bitcointalk Hat Edition🔐🧢
HAT.PHILIPMA1957.1 : bc1qd0jscslzw7x7z9j5wgrspxd3g9eckkzw056y6e
HAT.PHILIPMA1957.2 : bc1qg2h3tasnur82tw3qprzrftnhc3qu4xf8q6wgy9
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HAT.PHILIPMA1957.10 : bc1qknrezksw9ks6jvxr66ycq8wa6jnt383yjd753a
HAT.PHILIPMA1957.11 : bc1qf9drye8tp5cdrpnrq05xv4yw2esr5xqfmsqj39
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HAT.PHILIPMA1957.21 : bc1qsnlxvs2jw5arxzmeyanhjwyy8n9g9ewh4safq9
HAT.TOXIC2040.1 : bc1qhp2nrx4zk9uf0zp82u27aca0krslycw0f54wy7
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HAT.TOXIC2040.10 : bc1ql57ye9mncwz2esrhd5udd6za0j58yhka70yn7r
HAT.TOXIC2040.11 : bc1qnc98nepc6kk7k25s9jeu8etm0txx2c2cvpsrd7
HAT.TOXIC2040.12 : bc1qr2mxkqd5jv355je3rzt0v8cq0yp2tqx72slpzs
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HAT.TOXIC2040.19 : bc1q07wegprf5qq5r6y5c0wm6529g0dged9trzd69r
HAT.TOXIC2040.20 : bc1qqlayvfal3l7meetytulyl7esdec997jpylewee
HAT.TOXIC2040.21 : bc1qpklcz6r8yyzyl3spjcqac6tydgetguexj6uhqt
Sales list: | HAT.ANONYMOUSMINER.1 HAT.ANONYMOUSMINER.2 HAT.ANONYMOUSMINER.3 HAT.ANONYMOUSMINER.4 HAT.ANONYMOUSMINER.5 HAT.ANONYMOUSMINER.6 HAT.ANONYMOUSMINER.7 HAT.ANONYMOUSMINER.8 HAT.ANONYMOUSMINER.9 HAT.ANONYMOUSMINER.10 - MoparMiningLLC HAT.ANONYMOUSMINER.11 HAT.ANONYMOUSMINER.12 HAT.ANONYMOUSMINER.13 HAT.ANONYMOUSMINER.14 - Xprim777 PAID HAT.ANONYMOUSMINER.15 HAT.ANONYMOUSMINER.16 HAT.ANONYMOUSMINER.17 HAT.ANONYMOUSMINER.18 HAT.ANONYMOUSMINER.19 - Hookzup1 HAT.ANONYMOUSMINER.20 - Hookzup1 HAT.ANONYMOUSMINER.21 - Hookzup1 | HAT.BITCOINBUNNY.1 HAT.BITCOINBUNNY.2 HAT.BITCOINBUNNY.3 HAT.BITCOINBUNNY.4 HAT.BITCOINBUNNY.5 HAT.BITCOINBUNNY.6 HAT.BITCOINBUNNY.7 HAT.BITCOINBUNNY.8 HAT.BITCOINBUNNY.9 HAT.BITCOINBUNNY.10 - MoparMiningLLC HAT.BITCOINBUNNY.11 HAT.BITCOINBUNNY.12 HAT.BITCOINBUNNY.13 HAT.BITCOINBUNNY.14 - Xprim777 PAID HAT.BITCOINBUNNY.15 HAT.BITCOINBUNNY.16 HAT.BITCOINBUNNY.17 HAT.BITCOINBUNNY.18 HAT.BITCOINBUNNY.19 - Hookzup1 HAT.BITCOINBUNNY.20 - Hookzup1 HAT.BITCOINBUNNY.21 - Hookzup1 | HAT.BITCOINPSYCHO.1 HAT.BITCOINPSYCHO.2 HAT.BITCOINPSYCHO.3 HAT.BITCOINPSYCHO.4 HAT.BITCOINPSYCHO.5 HAT.BITCOINPSYCHO.6 HAT.BITCOINPSYCHO.7 HAT.BITCOINPSYCHO.8 HAT.BITCOINPSYCHO.9 HAT.BITCOINPSYCHO.10 - MoparMiningLLC HAT.BITCOINPSYCHO.11 HAT.BITCOINPSYCHO.12 HAT.BITCOINPSYCHO.13 HAT.BITCOINPSYCHO.14 - Xprim777 PAID HAT.BITCOINPSYCHO.15 HAT.BITCOINPSYCHO.16 HAT.BITCOINPSYCHO.17 HAT.BITCOINPSYCHO.18 HAT.BITCOINPSYCHO.19 - Hookzup1 HAT.BITCOINPSYCHO.20 - Hookzup1 HAT.BITCOINPSYCHO.21 - Hookzup1 | HAT.BITEBITS.1 HAT.BITEBITS.2 HAT.BITEBITS.3 HAT.BITEBITS.4 HAT.BITEBITS.5 HAT.BITEBITS.6 HAT.BITEBITS.7 HAT.BITEBITS.8 HAT.BITEBITS.9 HAT.BITEBITS.10 - MoparMiningLLC HAT.BITEBITS.11 HAT.BITEBITS.12 HAT.BITEBITS.13 HAT.BITEBITS.14 - Xprim777 PAID HAT.BITEBITS.15 HAT.BITEBITS.16 HAT.BITEBITS.17 HAT.BITEBITS.18 HAT.BITEBITS.19 - Hookzup1 HAT.BITEBITS.20 - Hookzup1 HAT.BITEBITS.21 - Hookzup1 |
| HAT.D_EDDIE.1 HAT.D_EDDIE.2 HAT.D_EDDIE.3 HAT.D_EDDIE.4 HAT.D_EDDIE.5 HAT.D_EDDIE.6 HAT.D_EDDIE.7 HAT.D_EDDIE.8 HAT.D_EDDIE.9 HAT.D_EDDIE.10 - MoparMiningLLC HAT.D_EDDIE.11 HAT.D_EDDIE.12 HAT.D_EDDIE.13 HAT.D_EDDIE.14 - Xprim777 PAID HAT.D_EDDIE.15 HAT.D_EDDIE.16 HAT.D_EDDIE.17 HAT.D_EDDIE.18 HAT.D_EDDIE.19 - Hookzup1 HAT.D_EDDIE.20 - Hookzup1 HAT.D_EDDIE.21 - Hookzup1 | HAT.KRUBSTER.1 HAT.KRUBSTER.2 HAT.KRUBSTER.3 HAT.KRUBSTER.4 HAT.KRUBSTER.5 HAT.KRUBSTER.6 HAT.KRUBSTER.7 HAT.KRUBSTER.8 HAT.KRUBSTER.9 HAT.KRUBSTER.10 - MoparMiningLLC HAT.KRUBSTER.11 HAT.KRUBSTER.12 HAT.KRUBSTER.13 HAT.KRUBSTER.14 - Xprim777 PAID HAT.KRUBSTER.15 HAT.KRUBSTER.16 HAT.KRUBSTER.17 HAT.KRUBSTER.18 HAT.KRUBSTER.19 - Hookzup1 HAT.KRUBSTER.20 - Hookzup1 HAT.KRUBSTER.21 - Hookzup1 | HAT.OUTOFMEMORY.1 HAT.OUTOFMEMORY.2 HAT.OUTOFMEMORY.3 HAT.OUTOFMEMORY.4 HAT.OUTOFMEMORY.5 HAT.OUTOFMEMORY.6 HAT.OUTOFMEMORY.7 HAT.OUTOFMEMORY.8 HAT.OUTOFMEMORY.9 HAT.OUTOFMEMORY.10 - MoparMiningLLC HAT.OUTOFMEMORY.11 HAT.OUTOFMEMORY.12 HAT.OUTOFMEMORY.13 HAT.OUTOFMEMORY.14 - Xprim777 PAID HAT.OUTOFMEMORY.15 HAT.OUTOFMEMORY.16 HAT.OUTOFMEMORY.17 HAT.OUTOFMEMORY.18 HAT.OUTOFMEMORY.19 - Hookzup1 HAT.OUTOFMEMORY.20 - Hookzup1 HAT.OUTOFMEMORY.21 - Hookzup1 | HAT.PAASHAAS.1 HAT.PAASHAAS.2 HAT.PAASHAAS.3 HAT.PAASHAAS.4 HAT.PAASHAAS.5 HAT.PAASHAAS.6 HAT.PAASHAAS.7 HAT.PAASHAAS.8 HAT.PAASHAAS.9 HAT.PAASHAAS.10 - MoparMiningLLC HAT.PAASHAAS.11 HAT.PAASHAAS.12 HAT.PAASHAAS.13 HAT.PAASHAAS.14 - Xprim777 PAID HAT.PAASHAAS.15 HAT.PAASHAAS.16 HAT.PAASHAAS.17 HAT.PAASHAAS.18 HAT.PAASHAAS.19 - Hookzup1 HAT.PAASHAAS.20 - Hookzup1 HAT.PAASHAAS.21 - Hookzup1 |
| HAT.PHILIPMA1957.1 - philipma1957 PAID HAT.PHILIPMA1957.2 HAT.PHILIPMA1957.3 HAT.PHILIPMA1957.4 HAT.PHILIPMA1957.5 HAT.PHILIPMA1957.6 HAT.PHILIPMA1957.7 HAT.PHILIPMA1957.8 HAT.PHILIPMA1957.9 HAT.PHILIPMA1957.10 - MoparMiningLLC HAT.PHILIPMA1957.11 HAT.PHILIPMA1957.12 HAT.PHILIPMA1957.13 HAT.PHILIPMA1957.14 - Xprim777 PAID HAT.PHILIPMA1957.15 HAT.PHILIPMA1957.16 HAT.PHILIPMA1957.17 HAT.PHILIPMA1957.18 HAT.PHILIPMA1957.19 - Hookzup1 HAT.PHILIPMA1957.20 - Hookzup1 HAT.PHILIPMA1957.21 - Hookzup1 | HAT.TOXIC2040.1 HAT.TOXIC2040.2 HAT.TOXIC2040.3 HAT.TOXIC2040.4 HAT.TOXIC2040.5 HAT.TOXIC2040.6 HAT.TOXIC2040.7 HAT.TOXIC2040.8 HAT.TOXIC2040.9 HAT.TOXIC2040.10 - MoparMiningLLC HAT.TOXIC2040.11 HAT.TOXIC2040.12 HAT.TOXIC2040.13 HAT.TOXIC2040.14 - Xprim777 PAID HAT.TOXIC2040.15 HAT.TOXIC2040.16 HAT.TOXIC2040.17 HAT.TOXIC2040.18 HAT.TOXIC2040.19 - Hookzup1 HAT.TOXIC2040.20 - Hookzup1 HAT.TOXIC2040.21 - Hookzup1
|
Prizes:
each card: $55 in BTC or complete set (10 cards): $500 in BTC
shipping cost: $6 for EU and $8 for USA and other regions inclusive tracking
Payment Adress:bc1qfc28c955g97mxk2zyylhh8492dxl20cpde07fm
Payment Lightning Adress:
if you want to pay with lightning, please send me a pm
after the order/payment process please send me via PM the tx-id and your respective shipping address using e.g. privnote.com Mining is hardly profitable that's one, two, we are approaching the cycle top (don't ask me how I know, we have been doing the same cycle shit since forever), terrible timing to invest money in mining gears, the next cycle is going to be even more brutal.
My strategy is exist the market slowly (December is probably going to mark the cycle top with 1-2 earlier or later) then a long bear market, start my accumulation, wait for the next cycle.
Why isn't mining profitable?
If you have electricity at 2-4 cents and a mining location where you can install and maintain the equipment yourself, your return on investment will be excellent. You can recoup your investment within a year.
If you lack experience, a location, and expensive electricity, it's unprofitable.