What's the scene for Bitcoin mining in 2025? I avoided it since 2022 cause it was super pricey. Ethereum mining seemed better until they ditched proof of work, which was a bummer. I tried mining Ethereum Classic and got a few ETH, but now I'm stuck. What do you guys think? Should I jump into Bitcoin mining? I'm hoping ETH hits 5k to make all this worth it.
Mining is barely profitable nowadays, man. We're nearing the cycle top, and honestly, bad timing to invest in mining gear. Next cycle will probably be rougher too.
Yeah, I've seen posts saying the Bitcoin top is coming soon too. I'm gonna wait on ETH to see what happens. I planned to switch to Bitcoin mining but might just buy Bitcoin when it hits lows in 2026 if the bear market happens.
Why is mining unprofitable? If you’ve got cheap electricity and can maintain your setup, it can pay off. But if you lack experience, have expensive power, and no good location, you’re gonna lose.
Honestly, investing in BTC directly is the way to go. Don't waste time on mining. Just hold onto those coins for years and make sure they're in a secure wallet.
I get that mining is 'barely profitable,' and I always say to buy Bitcoin instead. You need a lot of luck for mining to beat just DCAing into BTC. We've seen too many miners go broke, but those who dollar-cost averaged into BTC usually come out ahead.
But wait, why's Bitcoin's hashrate still climbing then? Seems like mining companies haven't caught on to the DCA approach. There's a saying in Russian about not wearing someone else's shoes. Mining can be a way to DCA into Bitcoin, but you need cheap power and a good setup.
Yeah, it's definitely less stressful to just buy Bitcoin. No maintenance or sleepless nights worrying about rigs, right? It's like comparing big farmers to small ones. Who wins in the long run? The large ones, for sure.
Three main reasons for this. First, people are greedy and think they can profit without knowing how mining really works. Second, most of the hashrate is from big U.S. firms with investors backing them. Third, those firms play tax games to benefit from equipment purchases.
I'll tackle two points. Sure, some newbies might get into mining, but most lack the necessary power. It’s really the big players investing now. In Russia, legal miners use only a fraction of the available power while illegal ones use more.
You nailed it about mining being 'barely profitable.' Early days were great for miners, but now only large operations with cheap power thrive. DCAing into Bitcoin is definitely smarter.
If you can mine Bitcoin cheaper than market prices, then it might work better than DCA. But yeah, not everyone can run top-tier gear at home. It’s a personal choice.
A 3-kilowatt ASIC can eat up 2,200 kilowatts monthly. If you have a low-cost energy deal, crunch the numbers. If your power is 10-20 cents, just forget it.