Hi everyone - I apologize in advance for the long winded post but would like to get the community’s thoughts.
Background: I started mining CKB and KDA about 8 months ago. I managed to successfully buy majority of my ASICS at the cycle top (LOL). I’ve been investing/trading in the crypto space since early 2013, I’m seasoned in market cycles and unfazed by FUD, narratives, exchange insolvency, hacks, etc.
With the prices of ASICS dropping I’m looking to slowly scale up my farm as a way of lowering my costs basis. With CKB and KDA being most speculative in an already speculative asset class, I’m looking to reduce risk by focusing more on mining Bitcoin and have long term investment mindset.
This is where I’m having a difficult time deciding how to move forward. Let’s say I were to buy an S19 XP - currently $10k at Coin Mining Central. As of now it would net roughly $8 per day after electricity, ROI would be roughly 3.5 years given BTC price and hashrate stayed the same. Or I could purchase a KD Lite for $9k that would net around $13 a day, with ROI being roughly 2 years. Again given that price and hashrate stays the same. Wouldn’t it make sense to mine KDA, sell mining profits for Bitcoin as a way to accumulate more BTC? I understand I wouldn’t be contributing to further secure the Bitcoin network, but at the end of the day majority of us are here to make money. Is there something I’m not considering or overlooking?
Any thoughts and opinions would be greatly appreciated. Thanks in advance!