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Topic: At what point should you consider mining to support your own bitcoin investment? (Read 806 times)

hero member
Activity: 518
Merit: 500
Recently I've started to think about buying an ASIC miner, not as an investment, but simply to support the network and help protect the bitcoins I already own.
Is this logical even if I only cover my costs?


I think if you can afford it and rationalize it as paying for itself as security as opposed to mining out put, I think this is a good plan.

I use this sort of rational whenever I spend BTC.  I'm supporting the system which, in turn, makes my own investment actually become worth more.
hero member
Activity: 955
Merit: 1002
Recently I've started to think about buying an ASIC miner, not as an investment, but simply to support the network and help protect the bitcoins I already own.
Is this logical even if I only cover my costs?
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