Could Bitcoin's recent decline lead to the start of mining disasters?

NotATether

legendary

Activity: 1568

Merit: 6660

bitcoincleanup.com / bitmixlist.org

Quote from: Catalina12345 on August 02, 2022, 10:30:37 PM

Getting rich overnight is everyone's dream Grin

. Maybe mining is a long-term process, we should not care about the temporary rise and fall, but long-term hoarding is the hard truth.

You're not going to get rich in the mining industry. That is because if you even make the slightest attempt to dump your coinbase fees and transaction fees, the market will notice and you will set it in full reverse again.

GFDhd

jr. member

Activity: 56

Merit: 12

As the price has dropped, so has the price of mining equipment. So, it's a good time to buy miner now. But what you need to consider is buying new or used? What is your budget? As well as local electricity bills, the environment in which you place the miner, etc. Or do you have a miner model you want to know about? So that we can give more specific suggestions.

SFR10

legendary

Activity: 2968

Merit: 3406

Crypto Swap Exchange

Quote from: Catalina12345 on August 02, 2022, 10:30:37 PM

Could you recommend me some cost-effective mining machines?

Without knowing certain things ^{[e.g. electricity rates, your budget and etc...]}, none of us can accurately answer your question, but I'm going to post a link that might come in handy: whattomine.com
^{- Contrary to what's written in some of the articles, such devices aren't always plug-and-play, and even if they do work right away, it's not going to stay in that state forever ^{[e.g. faulty boards and etc...]}!}

Catalina12345

newbie

Activity: 3

Merit: 0

Bitcoin is down 189 today, shall i try to buy the miner?

Getting rich overnight is everyone's dream Grin

. Maybe mining is a long-term process, we should not care about the temporary rise and fall, but long-term hoarding is the hard truth.

who have mining can communicate and discuss together? Could you recommend me some cost-effective mining machines?

Topic: Could Bitcoin's recent decline lead to the start of mining disasters? (Read 46 times)