Binance Square
miningprofitability
1 views
1 Posts
Hot
Latest
LIVE
LIVE
Tamer Nabil - ŰšŰȘۧŰč Ű§Ù„ŰšÙŠŰȘكوين
--
See original
Is mining still profitable?We must all be aware that there are two basic factors that control the profitability of currency mining. The first thing is the price of electricity and secondly the current currency price. The current average price of electricity in the world represents about 70% of the profitability of mining. Simply put, if your mining device gives you $100 a day, then 70 dollars of them goes into electricity, and the second factor is the price of the currency that you are mining because mining gives you coins, not dollars, so simply if you mine and you get 10 coins and the coin is worth 10 dollars, then you will get 100 dollars per day, but if the same coin is still worth 20 dollars, then you will get 200 instead of 100. Dollar Ok, what are the current profitable mining opportunities? If we are talking about the natural system that we will pay for electricity on average, the global price remains currently undisputed. Bitcoin is $BTC . It is the only profitable currency in mining currently at the current prices of the currency. You have such a method for mining Bitcoin, but in the end they all use the same mining device, which is ASIC. Miner, which is a device similar to a computer power supply, is intended for Bitcoin mining only, but the methods differ in investing in Bitcoin mining. The first and most expensive is that you buy your own device, which costs about 6,000 dollars and produces about 400 to 500 dollars per month. The second method is cloud mining or cloud mining, which is subscribing to a part From a device that is available at mining companies or providers of this service, and by the way Binance has this service on the platform, I will make detailed posts about each type and how to start with it. If you have any questions, please feel free to ask #ŰšŰȘۧŰč_Ű§Ù„ŰšÙŠŰȘكوين #ŰȘŰčŰŻÙŠÙ† #bitcoinmining #miningprofitability #cloudmining

Is mining still profitable?

We must all be aware that there are two basic factors that control the profitability of currency mining. The first thing is the price of electricity and secondly the current currency price. The current average price of electricity in the world represents about 70% of the profitability of mining. Simply put, if your mining device gives you $100 a day, then 70 dollars of them goes into electricity, and the second factor is the price of the currency that you are mining because mining gives you coins, not dollars, so simply if you mine and you get 10 coins and the coin is worth 10 dollars, then you will get 100 dollars per day, but if the same coin is still worth 20 dollars, then you will get 200 instead of 100. Dollar Ok, what are the current profitable mining opportunities? If we are talking about the natural system that we will pay for electricity on average, the global price remains currently undisputed. Bitcoin is $BTC . It is the only profitable currency in mining currently at the current prices of the currency. You have such a method for mining Bitcoin, but in the end they all use the same mining device, which is ASIC. Miner, which is a device similar to a computer power supply, is intended for Bitcoin mining only, but the methods differ in investing in Bitcoin mining. The first and most expensive is that you buy your own device, which costs about 6,000 dollars and produces about 400 to 500 dollars per month. The second method is cloud mining or cloud mining, which is subscribing to a part From a device that is available at mining companies or providers of this service, and by the way Binance has this service on the platform, I will make detailed posts about each type and how to start with it. If you have any questions, please feel free to ask #ŰšŰȘۧŰč_Ű§Ù„ŰšÙŠŰȘكوين #ŰȘŰčŰŻÙŠÙ† #bitcoinmining #miningprofitability #cloudmining
Explore the latest crypto news
âšĄïž Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number