Please help me understand the risk and reward when it comes to mining. Let's assume I am mining BTC and it takes me 1 year to mine 1 BTC. the current value is ~50k. if BTC price were to change to 100k. Does that mean it'll take me twice as long to mine 1 BTC? (2 years?). Also, what if I were to cash out every day or whenever the mining task has been completed. Does that eliminate my risk? I just want to participate in the mining, not speculating. Please help me understand this concept. Be nice.
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