I still think it's worth it, but I can't say that I would completely trust the situation and buy the equipment. As for me, at such moments, it is worth using cloud mining.
I just can’t decide on this, it’s not for nothing that I invested so much in equipment.
Topic: Investing in mining during a bear market (Read 464 times)
I still think it's worth it, but I can't say that I would completely trust the situation and buy the equipment. As for me, at such moments, it is worth using cloud mining.
I just can’t decide on this, it’s not for nothing that I invested so much in equipment.I still think it's worth it, but I can't say that I would completely trust the situation and buy the equipment. As for me, at such moments, it is worth using cloud mining.
I just can’t decide on this, it’s not for nothing that I invested so much in equipment. I still think it's worth it, but I can't say that I would completely trust the situation and buy the equipment. As for me, at such moments, it is worth using cloud mining.
I agree, you minimize the risks to almost zero, and in our business this is the main thing. I had experience using cloud mining, if my memory serves me, then I used Bit3-mining, I recommend it.
I still think it's worth it, but I can't say that I would completely trust the situation and buy the equipment. As for me, at such moments, it is worth using cloud mining.
Is it safe to invest in bitcoin mining right now, given that we are in a bear market? Is it safe to invest in anything other than bitcoin mining (tokens/nfts) if not? I intend to make a long-term investment with no plans to liquidate anytime soon, and I have the ability to purchase up to 20 S19 Pro 110T (just an estimate).
An option could be to split it up on some Asics / Buying Bitcoin and hold/ Buying the "Virtual NFT Mining" that is coming and has come, and use rewards from them to buy Bitcoin or any other coins you want. Or pay the cost for the ASIC/electricity.
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pretty sure there was a thread about it but I can't find it anymore based on that thing there would be like 4-5 counties left in which you could mine at a profit and in which 100 miners won't be more than the grid can handle.
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You mean this thread? https://bitcointalksearch.org/topic/--5405856 pretty sure there was a thread about it but I can't find it anymore based on that thing there would be like 4-5 counties left in which you could mine at a profit and in which 100 miners won't be more than the grid can handle.
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And the rumor you talking about to s19 hydro the cost you mention is far from the current price right now it's around $3950 better check bitmain shop.
He's thinking of the ROI when saying double and he's got that 15k value from studies like this:
https://www.visualcapitalist.com/cp/the-cost-of-mining-bitcoin-in-198-different-countries/
pretty sure there was a thread about it but I can't find it anymore based on that thing there would be like 4-5 counties left in which you could mine at a profit and in which 100 miners won't be more than the grid can handle.
As for the ROI when he said the hashrate could double he did the math like it would double from tomorrow, not that it will be a somewhat linear growth, that's why the 2 years on free electricity with the best miner is now on order. But completely inaccurate!
If things were that bad we would see the hash rate decreasing already rather than doubling in a year.
If you want to buy ASIC units without worrying about scammers always buy directly on the manufacturers or verified distributor.
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Have you tried calculating profit?
https://www.asicminervalue.com/miners/bitmain/antminer-s19-hydro-158th
With free electricity, this ASIC will give a profit of $ 12 per day or pay off in more than 2 years, because the hashrate is growing.
The cost of bitcoin mining is rumored to be from 14 to 20 thousand dollars. Is it better to buy bitcoin now?
Yes, difficulty and hash rate changes and the profitability is not stable it still depends on the price of Bitcoin.https://www.asicminervalue.com/miners/bitmain/antminer-s19-hydro-158th
With free electricity, this ASIC will give a profit of $ 12 per day or pay off in more than 2 years, because the hashrate is growing.
The cost of bitcoin mining is rumored to be from 14 to 20 thousand dollars. Is it better to buy bitcoin now?
If you talking about the ROI then there is another tool that you can use to predict how many days or months you can ROI or break even.
Here's the tool
https://www.mycryptobuddy.com/BitcoinMiningCalculator
And the rumor you talking about to s19 hydro the cost you mention is far from the current price right now it's around $3950 better check bitmain shop.
The cost of bitcoin mining is rumored to be from 14 to 20 thousand dollars. Is it better to buy bitcoin now?
I would love to meet the guy who started this nonsense about the cost of mining a bitcoin as a sum between x and y, especially if it would be the day I carry a baseball bat with me.
If the guy above has free electricity as he has bought some 100 extra soal panels for his business, he has the batteries to do so, he already has the space and his rent is zero, he doesn't need a tech guy to check on the machines, what's the cost of mining a coin? Zero?
An xp running at 7cents gets you 5$ in cost, 5 in profit, that would mean the cost per coin is 10k, way outside the "rumours".
With free electricity, this ASIC will give a profit of $ 12 per day or pay off in more than 2 years, because the hashrate is growing.
With free electricity that hydro will ROI in 11 months, for it to ROI in more than two years you will need the hash rate to double tomorrow, and there is no way you're going to see 260exahash being put online not by tomorrow but not in 6 months!
In my opinion it's worth to invest in mining equipment as long as you have access to cheap electricity, otherwise it's better to invest in different tokens or stake smth.
Stake coins are mostly not worth investing they are slowly dying after they are listed. Also, tokens are not a good option it would be safe if you can buy BTC or like dogecoin or any altcoin that has the potential to increase in value after the block halving.
Mining is optional if you have cheap power or free power and then it will give you more profit if you hold them until the day when the price reaches new ATH it always happens every block halving.
https://www.asicminervalue.com/miners/bitmain/antminer-s19-hydro-158th
With free electricity, this ASIC will give a profit of $ 12 per day or pay off in more than 2 years, because the hashrate is growing.
The cost of bitcoin mining is rumored to be from 14 to 20 thousand dollars. Is it better to buy bitcoin now?
By comparing speculation and hoarding, we can find that if the price of bitcoin does not rise, then mining can be profitable, and if the price of bitcoin rises, mining will bring higher returns. Whether buying a mining machine or buying a cloud mining package, it reduces the time investment while avoiding the psychological fluctuations caused by currency speculation, and regularly and effectively earns the benefits brought by mining
If you want to buy equipment, you take a look our website to find out more:
2140miner.com & https://xiyangjie888.en.made-in-china.com. & https://xiyangjie.manufacturer.globalsources.com/
Or you can contact me directly: What.s.app&We.chat: +86 133 0246 1807 Aylin Liu
we can communicate more
If you want to buy equipment, you take a look our website to find out more:
2140miner.com & https://xiyangjie888.en.made-in-china.com. & https://xiyangjie.manufacturer.globalsources.com/
Or you can contact me directly: What.s.app&We.chat: +86 133 0246 1807 Aylin Liu
we can communicate more
It's safe to invest in a standalone miner depending on how much you getting it, what I will never do is invest money on graphic cards to mine altcoins because this is zero ways of earning any profit even if you have free power 🔋 in your house, Asic miners are good to buy, still profitable, but all depends on how much you are buying.
During the bear market, you are most likely better off investing in Bitcoin directly, i.e., buying. However, during a bull market, investing in mining can be a viable play and is worth looking into.
So if you already have a mining rig setup, would it be better to hold off mining during a bear market and just trade coins while waiting for the bulls to come back?
During the bear market, you are most likely better off investing in Bitcoin directly, i.e., buying. However, during a bull market, investing in mining can be a viable play and is worth looking into.
In my opinion it's worth to invest in mining equipment as long as you have access to cheap electricity, otherwise it's better to invest in different tokens or stake smth.
Stake coins are mostly not worth investing they are slowly dying after they are listed. Also, tokens are not a good option it would be safe if you can buy BTC or like dogecoin or any altcoin that has the potential to increase in value after the block halving.
Mining is optional if you have cheap power or free power and then it will give you more profit if you hold them until the day when the price reaches new ATH it always happens every block halving.
Is it safe to invest in bitcoin mining right now, given that we are in a bear market? Is it safe to invest in anything other than bitcoin mining (tokens/nfts) if not? I intend to make a long-term investment with no plans to liquidate anytime soon, and I have the ability to purchase up to 20 S19 Pro 110T (just an estimate).
ASIC is not a mining farm of several video cards that can be installed at home or in an apartment. The noise from ASIC will disturb you and your neighbors. If you have cheap electricity and are willing to spend money on soundproofing your home, then you can try. But I would rather buy bitcoin now. 
these kinds of questions wouldn't even deserve so many answers. It seems like a question: I have the money to buy a Ferrari, do I buy it? With the money you can do whatever you want as well as buy 20 S19s and leave them in the garage packed.
You didn't tell us if you have a place to keep them (which is very important as they are very noisy), if you have adequate electrical system. How much and if you pay for electricity.
If you have free electricity, sure it's worth it, but you haven't given us any useful information.
You didn't tell us if you have a place to keep them (which is very important as they are very noisy), if you have adequate electrical system. How much and if you pay for electricity.
If you have free electricity, sure it's worth it, but you haven't given us any useful information.
Welp, If I were you I would dca into bitcoin itself. The breakeven/ROI point would be near the halving. If you buy the equipment your committed to the journey.
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