For one, you have zero control over the mining operation. You’re also exposed to company risk, including political risk. If your mining company is located in an area that decides to ban bitcoin mining, you’re screwed. If the CEO malaysia whatsapp number data to start mining some garbage coin on the side and it tanks in price, the stock could move the opposite way of bitcoin. There are any number of things that could happen to this company which are completely unrelated to bitcoin.
The long term sustainability of pure bitcoin mining companies is still an unknown. Many companies in the past have simply gone bankrupt due to mismanagement.
More importantly, however, is that although you own shares in a bitcoin mining stock, you don’t own any bitcoin. Bitcoin is an incredible form of money. It’s strictly limited to the number of units available, and can perform final settlement to anybody in the world in less than an hour. If you “get” bitcoin, then you know you need to own some, and you need to own your own keys.
When you own a bitcoin mining stock, you might see your fiat balance grow in purchasing power, but you’re not mining bitcoin, and you don’t own bitcoin.
For one, you have zero control over
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