Mining or buying Bitcoin: which is more stable?

Bitcoin mining is not risk-free, but it is more stable in one important respect: you don't buy Bitcoin in one go at whatever price the market is dictating, the miner adds it for you every day. This spreads your purchase price over time and makes you less prone to emotions. On the other hand, mining income falls with the Bitcoin price and rising difficulty, and the machine gradually becomes obsolete. Below you will find a comparison of both routes and today's figures.

Summary

• Buying directly is simpler and more liquid, but if you buy at the top, you bear the full price drop.
• Mining works much like regular buying: Bitcoin accumulates daily at the current difficulty.
• Mining income is not fixed – it depends on the BTC price, network difficulty and the electricity price.
• At today's difficulty and with hosting at 1,13 Kč/kWh, modern machines earn roughly CZK 95–420 net a day (as of 18 Oct 2026).

Why buying Bitcoin directly is risky

Bitcoin costs 1 767 033 Kč today. Anyone who buys all at once at a moment of euphoria risks the value of their investment soon falling by tens of per cent. The market is known for sharp swings and has historically fallen after every peak.

A fall brings psychological pressure. Many investors then make rash decisions – selling in panic at a loss or, conversely, buying more without a plan. How market cycles work is described in our guide to the world of cryptocurrency.

How mining works as an alternative

An ASIC miner, once bought and properly operated, mines Bitcoin every day – whether the price is rising or falling. When the price falls, profitability is lower, but a modern machine with cheap electricity keeps mining and generating income.

In practice, it resembles regular buying (DCA): you acquire Bitcoin continuously, at an average “price” determined by difficulty and electricity. The owner of a miner can hold the mined coins until the next market rise, sell them to cover costs, or reinvest.

How much ASIC miners earn today

We calculated the daily income of several machines from our range. Today, Bitcoin earns 0,84 Kč per 1 TH/s a day, Zcash 0,93 Kč per 1 kSol/s, Kaspa 3,55 Kč per 1 TH/s, and Litecoin with Dogecoin together around CZK 12.46 per 1 GH/s. We calculate electricity at CZK 1.13/kWh (the cheapest hosting location, Nigeria, including management).

The figures apply as of 18 Oct 2026 at today's difficulty and price. Don't take them as a promise: in a month they may be higher or lower. You will find the current calculation for all machines on the ASIC miner profitability page, and you can calculate the payback of a specific investment in the mining investment calculator.

3 reasons why mining makes sense

1. Income every day. Unlike passive holding (HODL), a reward accumulates daily – coins you can hold, sell or reinvest.
2. Smoothing out market cycles. When the Bitcoin price falls, ASIC miners get cheaper too. Anyone who buys machines in a downturn gets hashrate more cheaply and mines into the next rise.
3. A better psychological position. A miner doesn't depend on the immediate price movement. Even in a downturn, they know their equipment keeps creating value.

What risks mining carries

• Income falls with the price. Mining doesn't protect you from a fall in Bitcoin – at a lower price, you mine the same amount of BTC, but it is worth less in crowns.
• Difficulty rises. As hashrate is added to the network, each machine mines less. Older machines with worse efficiency are the first to stop being profitable.
• Halving. Roughly once every four years, the block reward is cut in half; the next halving is due in 2028. More in our article The Bitcoin halving.
• Electricity and operation. The electricity price determines profit. At home in Czechia, most powerful machines don't pay off, which is why it is common to place them in hosting.
• Lower liquidity. You can't sell a miner with one click like Bitcoin on an exchange, and its price falls with age.

Mining or buying: which suits whom

If the world of cryptocurrency appeals to you but you are wary of buying at record prices, mining can be a sensible entry point – provided you have cheap electricity and a machine with good efficiency. A combination of both routes is also common.

What next

• Bitcoin mining in 2026 – more on the profit, risks and future of mining.