I have written an article before that I do not recommend that uninformed and unprofessional retail investors participate in ALEO mining. However, many people still cannot resist the crazy brainwashing propaganda of miners and are tempted by the profits. So today I will talk about how to buy ALEO mining machines without falling into the trap for your reference. This is for reference only.
In addition, I will not participate in ALEO's mining. This involves many issues, the most important of which are China's legal and compliance issues. You should know that China does not allow participation in the mining of cryptocurrencies such as Bitcoin. I will participate in ALEO's pledge mining at a suitable price. I am very optimistic about ALEO. It is the third technological revolution of blockchain. The first was Bitcoin and the second was Ethereum.
Okay, let's get down to business. When buying a mining machine, don't listen to the miners talking about how great their technology is, what their background is, how much they can mine after ALEO goes online, how much computing power they have, how much money they can make soon, and how they can get their investment back in a week or a month, etc. ALEO hasn't been launched yet, and even the mining output has not been finalized. How can they determine how much they can mine and how long it will take to get their investment back? They are completely treating people as fools. Many people are so stupid that they don't even have common sense. They are busy paying money, fearing that it will be too late to buy it.
When buying a mining machine, you have to ask the miner about the brand and parameters of the various components of the mining machine you are going to buy, such as what brand and size of the power supply, which graphics card is used, which type of motherboard, radiator, chassis, etc. Then you can go to Taobao to compare one by one based on the data provided by the miner, and calculate the price cost. If the miner adds about 30% to 60% to the cost you calculated and sells it to you, then that is reasonable. After all, miners have to run a company, pay taxes, and support employees. But if it is a 10,000 yuan equipment, and the miner sells it to you for 20,000 to 30,000 yuan, or 40,000 to 50,000 yuan, then it is pure cheating on you.
If the miner is unwilling to provide you with detailed parameter data of the mining equipment, then there is definitely a problem. After all, these are not business secrets. A normal miner makes a reasonable profit. When you buy a mining machine from him, he tells you the various data of the mining machine that he should provide, just like when you buy a computer, the merchant also has to tell you what motherboard they use, what power supply, what graphics card, what monitor, etc.
It is reasonable for miners to make a profit of 30% to 60%, but if they sell it to you at double, double, or triple the price, that is unreasonable. I have seen some miners selling equipment worth 20,000 or 30,000 yuan for 200,000 or 300,000 yuan, and they are still selling very well. I really don’t know what people who buy these mining equipment are thinking. At this price, they still want to make money, and it is a long way to go to get their money back.
That’s all for today. I won’t say more. You can figure out the rest on your own. For those who can wake up, seeing these is enough. For those who cannot wake up, no matter how much you say, it will be useless. See you next time.
