Topic: How to plan and operate the economy in mining. (Read 90 times)
Thank you so much
I might not have the exact answer to your question, but I'll refer you to a couple of reading recourses that might give some insight and be useful to you.
https://www.ifo.de/DocDL/CESifo-Forum-2018-1-thum-bitcoin-march.pdf
https://medium.com/@hassmccook/bitcoin-mining-economics-101-the-oversimplified-version-937fd8f95595
http://apjfs.org/resource/global/cafm/2020-4-2.pdf
This is not mandatory to read and might be too much scientific jargon, but if you have time and will, it might help you with some of your issues, or help you figure out where to look for answers.
https://www.ifo.de/DocDL/CESifo-Forum-2018-1-thum-bitcoin-march.pdf
https://medium.com/@hassmccook/bitcoin-mining-economics-101-the-oversimplified-version-937fd8f95595
http://apjfs.org/resource/global/cafm/2020-4-2.pdf
This is not mandatory to read and might be too much scientific jargon, but if you have time and will, it might help you with some of your issues, or help you figure out where to look for answers.
Unfortunately i'm not into mining, and i wish i know about the factors that could affect your mining business where you are operating it.
By the way, was wondering if this section: https://bitcointalk.org/index.php?board=160.40 is the right place to move your post in order the get answers to your questions from experienced miners who may even know how things work where you operate , advise you on the profitability of mining there , and also advise you on how to plan your mining business.
By the way, was wondering if this section: https://bitcointalk.org/index.php?board=160.40 is the right place to move your post in order the get answers to your questions from experienced miners who may even know how things work where you operate , advise you on the profitability of mining there , and also advise you on how to plan your mining business.
Hi. I am pretty new to mining. I am living in Europe and have started to mine BTC, ETH and ZEC. In today's marked I guess I can potentially mine around 2200$ a month before expenses and taxes if my equipment runs 24h.
What is the best way to plan the economy in mining? I really must withdraw some amount each month to cover electricity when mining.
I also understand that I must think about the fee when withdrawing from my wallets. Also, there I will need to consider taxes and so as well at some point I guess.
Anyone having any experience in this and other tricks would be very nice to know.
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