Do the miners usually HODL their coins and wait for it to appreciate or do they sell every day ? Because if it's the first option, HODLing the coin directly would yield more benefice and if they sell everyday then that would mean that the Asic would never pay for itself before becoming obsolete, especially if bought in it's first months when the price is at it highest.
Some miners HODL their coins and I find it very boring. If I mine, I mine because I expect to make a good ROI by mining itself but if I have to mine at a loss to HODL coins with the hope of price increment in the next months or years, then isn't it better to invest in coins instead of buying miners and doing all the headaches that are associated with building a mining rig?
I was mining with some GPUs in 2017, mining was very profitable during the early times. Now it has become a commercial business where only gigant companies like BetFury and The Foundry can mine with profit.
I don't risk buying ASICs because they are shipped from China and I'm afraid I will be at a huge loss if I receive a damaged miner because then I'll have to send it back, which is very expensive in my country.
this is pretty much the case.
If you are not really big with really good power costs it is hard to turn a profit.
As for space heater use in the winter and to a virgin address it mostly works.
My summer power = 21 cents
My winter power = 15 cents
So Oct 1 to May 1
7 months I can get heat so the 15 cents is closer to 12 cents.
Mine to nicehash with a virgin address and hodl.
It arguably works with a t21 cost of 3k set to 160th burning 2.5 kwatts an hour.
for 7 months where I live.
210 x 24 x 2.5 = 12600 kwatts at 12 cents or 1512 usd
160 x 0.044 x 210 = 1478 a tiny loss
now my big mine closed and I had the gear on hand
so running 1 for 7 months makes sense as I am not buying the t21
if you want to lay out 3k for the gear and not buy coins I would argue it is foolish.
but if coins go up a win plus the address is unknown till you cash it out.
