With the rise in Bitcoin prices, the Bitcoin mining business is exceptionally hot.

They advertise that mining is equivalent to investing in Bitcoin with a cost of 50,000, so it's guaranteed to be profitable.

But how much does a mining machine cost?

The average price is around 50,000 to 60,000.

According to the current daily mining earnings of approximately 65, and with a daily management fee of 5 for the mining machine, and 0.36 per kilowatt-hour for electricity, even if we consider a pure daily profit of 60.

Everyone can calculate how many years it will take to recoup the money spent on the mining machine?

Moreover, the upgrade cycles for mining machines are particularly fast, with a typical lifespan of about 3 to 4 years.

When you calculate it, investing in mining machines really isn't necessary.

Many bloggers promote Bitcoin mining as very appealing, but the various risks behind it are actually ones you need to bear.

You can't see the mining machines; all you can do is pay money, and the machines are stored in overseas mines. Do they really have mining machines?

Are the earnings you see on the app every day all fake? Is it a Ponzi scheme? Are they using your principal to pay you returns?

When the bear market arrives in the future, and Bitcoin crashes, the mining machines face shutdown; what will you do then?

Perhaps you think that this is a globally-renowned blogger who wouldn't ruin their reputation for a few mining machines. Whether this reputation matters or not depends on how big the benefits are.

A mining machine costs 60,000, and if 10,000 people participate, that amounts to 600 million. This amount of capital is enough to make any blogger in the cryptocurrency circle take risks.

Moreover, they can also use professional legal and operational means to cleanly sidestep their responsibilities.

For instance, if a mine catches fire, or if the market is bad and the mining machines must shut down, or if the machines need to be upgraded, etc.

Therefore, everyone in the cryptocurrency circle should still invest honestly, reasonably, and legally; don't overthink it.

You think the mining machine is a juicy piece of meat; others may think you are the juicy piece of meat.