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Missed Out On Bitcoin? What About Mining?

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bitcoinflood
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Many people are already feeling that "I missed out on Bitcoin" Even though they have ever chance to pick it up for cheaper in the last two years. In fact if you bought during the all time low eelier this year you just 100% increased your wealth in the matter of a few months.

That FOMO seems to already be setting in which always just blows my mind lol In any case there would be a long term play if buying Bitcoin right out is not your thing. That's mining crypo mining and in particular stocks that mine bitcoin.

There's a whole slew of them anymore but there's going to be a few critical parts you need to be aware of if you're looking to invest in stocks/companies that mine bitcoin.

Things to look for

  • Company did well during the bear market and still made profit
  • Company is still buying and adding to their mining power
  • Producing their own electric and has a surplus (Power is money as well)
  • Overall growth and health of the stock during the last two years

The other things you'll want to look for are bulk orders of miners and how old those miners might be.

One of the biggest changes coming up here next year will be the $BTC (Bitcoin) halving which will take the current emission of 6.25 will be reduced in half to just 3.125 with 144 on average being mined per day that means emissions of new Bitcoin being printed will go from 900 BTC per day down to just 450 removing a whopping 450 bitcoin a day or at todays prices 13.5 million dollars worth of bitcoin mined per day.

We are getting really close to hardly no new print of bitcoin so you might think to yourself well how's it going to survive after. Well that comes in the form of fees that miners collect. However those fees as we have seen in the last bull run are down right crazy in terms of how much each transaction can coast. In which we saw $25 per transaction and still to this day still hovers at around $1.50 per transaction. You can see why lightening network has picked up some traction over the last few months as a way to reduce these costs and prevent an issue with the next bull run that always seems to happen. Record high transactions that kill everything and well we haven't really corrected this yet.

The Blockchain Mining Companies

The following companies seem to be doing very well with high volumes and boosting a 10% gain today alone. The biggest issue I have with these companies is there's zero dividend yield so you're focusing on profits directly made from bitcoin mining. Of course do your own research before investing.

Bit Digital (BTBT)

TeraWulf (WULF)

Hut 8 (HUT)

CleanSpark (CLSK)

Marathon Digital (MARA)

Riot Platforms (RIOT)

Are you into investing in crypto via stocks and fiat? Or would you rather directly invest in bitcoin itself?

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