June 16 (Cointime) - A recent study suggests that buying Bitcoin is generally more profitable than mining it, due to the high costs and difficulty of running ASIC miners, regulatory uncertainty, and lack of technical expertise.

Even if these challenges are overcome, miners are likely to incur losses even in optimistic Bitcoin price projections, and mining hardware becomes outdated within five years.

Analysts found that miners will only return significant profits in the most bullish scenarios, where Bitcoin price reaches $500,000 per token by 2028 and the network's hashrate grows 10% slower than its price.

However, owning miners was preferred over direct BTC purchases 53.6% of the time in the last five years, but bearish periods have been tough on Bitcoin miners. It is important to conduct your own research and understand the risks involved in any investment or trading move.