Ethereum: The last carnival of POW mining!

90% of cryptocurrency traders lose money, while 90% of mining traders make money?

There is a saying that if you enter a casino, you will lose. Cryptocurrency trading is also a gambler's mentality. If you make money, it is not easy to hold on. If you lose, the psychological pressure is too great. The mentality is easy to collapse. Moreover, people who trade in cryptocurrencies always dream of buying coins that can increase by a thousand times or a hundred times, and they touch those junk coins. If you are lucky, that is a legend. If you are unlucky, then it is a joke. If you become one of the tenth of investment winners, then luck and vision are indispensable.

Mining is different. First of all, the mentality is different. Mining allows you to hold on to what you have. Keep mining and keep hoarding. Even if the price of the coin drops and the computing power increases, people will be motivated to hold on to the coin until the day when the loss turns into profit.

The shortcomings of human nature make it difficult to make money by speculating or hoarding coins, and may even result in losses. Retail investors have no advantage in the market. However, 90% of miners can almost eat up the entire bull market.

What are the advantages of mining?

1. Mining can obtain currency at low cost

Mining is equivalent to the primary market, which can obtain currencies at a lower cost. This is because the cost of mining is mainly in the investment and operation and maintenance costs of mining machines, which are fixed, and the mined coins can be earned for free after the production of coins covers the costs.

2. Mining has better cash flow.

Participating in mining will generate output every day, and you can continue to obtain healthy cash flow. However, if you are stuck in cryptocurrency speculation, you will have no cash flow. If you close your position, it may lead to permanent loss of the principal.

3. Mining is actually easier to make a profit.

In a bear market, the computing power entering the mining industry decreases, and miners can mine more coins. In a bull market, miners can realize cash and obtain excess profits. However, if you are a user who speculates in coins, your mentality will fluctuate with the fluctuations in coin prices, and most users will be harvested by institutions and exchanges.

Why participate in Ethereum mining?

There are many currencies that can be mined on the market, but many of them are hyped up. They become popular suddenly, and then disappear suddenly. Only BTC and ETH are still in a relatively stable stage, and Ethereum is in an upward stage. Now is a good opportunity!

With the current popularity of DeFi (decentralized finance) and NFT (non-fungible tokens), the value of Ethereum is rising rapidly. That is because Ethereum is the most successful public chain in the blockchain. Most of the DeFi and NFT projects are currently based on the operating ecosystem built on Ethereum. These projects cover various fields such as wallets, lending, savings, stablecoins, DEX, infrastructure, and analysis tools. Ethereum is equivalent to an application store. There are many applications running on this public chain. It can be said that the development of blockchain depends largely on the development of Ethereum.

Currently, the computing power of Ethereum has stabilized. The main reason is that chips are in short supply both at home and abroad. Many people who want to buy them have given up because of the high price of chips.

Why choose Latitude Cloud?

Latitude Cloud Ethereum Mining Service

Latitude Cloud is a professional one-stop service provider for Ethereum mining. From group purchase of mining machines, listing and delisting, hosting, operation and maintenance, repair, migration, access to mining pools to residual value sales, all mining-related work is completed by Latitude Cloud. After purchasing the machine, users can lie down and receive coins, which is very simple, convenient, time-saving and labor-saving.

Advantages of Latitude Cloud

Contract period: 730 days

240M hashrate, coin production ≈ 0.0062 coins/day

Two-year income: ≈4.55 coins

Current coin price: 20,000 yuan/coin

Expected income in two years: 90,000 yuan/unit

Ten mining machines earn over 900,000 RMB in two years