- Mining bitcoin can be a cheaper alternative to buying the asset at a volatile price.
- Miner JP Baric shares all the platforms he uses to determine profit ratios.
- For profitability, an investor must factor in the machine’s price, electricity usage, and pool fee.
With bitcoin’s price hovering above $30,000, it could easily feel like you’ve missed an opportunity to get in early. And while the cryptocurrency continues to make global headlines on a daily basis, investing in an asset that tumbled 50% in a matter of months after reaching an all-time high around $65,000 feels risky.