Why Mining Is A Game Of Wealth Building

I love mining I've been doing it for years and while it always seems unprofitable at the time you have to realize if you have the ability to hold on to the token for a few years your negative earnings today could be mega wealth tomorrow.

Take for example if you where mining bitcoin today and your miner was making you $1 but it cost you $2 in power to mine it if you sold it today you'd be in the hole. However if you held on to it and bitcoin moved to $200,000 you'd now break even. If bitcoin goes over $200,000 you've now profited.

Yes, not the greatest example as things are at an all time high right now but it starts to put things into perspective that bitcoin mining most likely is going to be unprofitable to many. This is where the rise of creating your own power for mining is starting to really take off as everything you mine from that point on is profits after the expenses of the solar, wind or hydro power you're producing.

This energy however could also be applied to your own or extra pushed out on the next which could allow you to off set costs there as well or even get some energy credits to kick in. It's important to factor in everything when you get into the wealth building on mining crypto.