Why is holding Bitcoin more profitable than mining it?  

This is actually a big advantage for good money, but why?  

Check out what Dr. Saifedean says about it:

If you've mined bitcoin at a scale of 5+ Asics for 5+ years, did you generate more sats in profit than if you had spent all your mining expenses (electricity, Asics, hosting, etc) on just buying sats instead?

Plz answer only if you did this &amp; ran the numbers precisely

Mining bitcoin is a losing game!

1653 people answered this poll's question, 22% of them made more money by mining, while 78% lost money. Only 1 of 5 miners is profitable compared to just holding bitcoin! By contrast, as we hit another all time high bitcoin price today, every

Saifedean Ammous

Why is holding Bitcoin more profitable than mining it?  

This is actually a big advantage for good money, but why?  

Check out what Dr. Saifedean says about it:
https://x.com/saifedean/status/1925603169817538585?t=U9KA80XvkSV1PG9HS50swg&s=19

Blockchain and web3 researcher|Fundamental and technical analyst|Lyricist Icebreaker:https://app.icebreaker.xyz/profiles/AncXuBklDCsX0hmXHu79X?key=AMyC6D

As a miner myself, I can definitely attest to the fact that you will lose money 😂

I do it at a hobby level for fun and more to understand the process, but yeah, it's a net negative and you're better off just swapping for sats.

CEO - Media3 Labs | Join us at /scoop3, an onchain podcast player | Host of The Blockchain Experience podcast /theblockexp | Ex-Samsung | Ex-Hewlett-Packard