🍎 🍕 Less apples, more pizza 🤔 Have you seen Buffett’s portfolio recently?Explore for Free

How BeMine makes BTC mining transparent and controllable

Published 03/24/2022, 11:27 AM
Updated 03/24/2022, 11:30 AM
© Reuters.  How BeMine makes BTC mining transparent and controllable
BTC/USD
-

Cryptomining remains one of the most controversial, debated and risky investment instruments of the last decade. Due to generally high ROI of Bitcoin mining, more and more experts tend to consider crypto assets as a necessary part of a modern investor’s portfolio. Today’s conversation is devoted to the current situation around BTC mining, a unique service that provides infrastructure capabilities of regions with low-cost electricity, and criteria to figure out whether cloud mining is acceptable enough to try.

Mining today: risks or chances?

The current situation with Bitcoin and its mining remains controversial: a constant increase in the complexity of BTC network, occurring as a programmed response to the continuous growth of hashrate; a protracted period of the BTC price fluctuation near its level of support; and as a result, – a decrease in the current income of miners.

Nevertheless, a distant view shows a persistent profitability of Bitcoin mining at least in the long term perspective: Bitcoin halving and resulting shortage of liquidity inevitably leads to the consistent growth of BTC rate, as all previous lifetime phases of BTC show. Of course, in terms of maintaining the demand for the asset itse ...

Continue reading on CoinQuora

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.