5 Reasons Bitcoin Mining Is Still Profitable (VIDEO)

This article examines the relationship between the price of Bitcoin and hashrate. The implications of this relationship can heavily influence mining profitability.

We get a lot of questions about the advantages of mining Bitcoin with us. “Mining with Company XYZ is cheaper. Why should you mine with Simple Mining?”

What if you could turn cheap electricity into discounted Bitcoin? Mining effectively ignores the price action. When you plug in an ASIC, you’re no longer buying BTC at the sticker price; you’re producing it at your electricity rate. You get hard money at wholesale prices.

Mining vs MSTR vs Buying BTC: To understand which approach is the best, you need to have a benchmark (a ruler to measure with). We are trying to get more in BTC terms. “What actions can I take now that will return me the most Bitcoin 10 years from now?”

What is MSTY and how does it compare to hosted Bitcoin mining? This article explains the dividends and if it is a sustainable solution to income goals.