If you can’t afford $60,000 worth of Bitcoin, mining is your only option

The mining industry should be the earliest field in the blockchain industry. In the early days, it was a group of technical geeks and some early followers who started mining.

Today, Zaineng will give you some basic knowledge on how newbies can join the field of mining .

Mining faces new challenges

Mining is an integral part of digital currency and blockchain technology. As a long-term investment, mining is very suitable. However, many beginners in the mining circle do not know much about mining.

Since last year, many traditional capitals and emerging mining giants have entered the industry, making it more scalable, with higher barriers to entry and significantly improved professionalism. This year's halving, flood season, mining machine iteration and other events have made the development of the mining industry more challenging.

In such a complex market, risk control is particularly important for miners. New miners need to do their own risk control work, while experienced miners need to choose the right model.

Platform, cost and mining machine performance are the three factors for investing in mining

Platform: Prefer reliable brands with real mining machines and mining farms, good industry reputation, strong platform strength, and strong credit endorsement to ensure safe and transparent returns and strong risk resistance of the platform;

Cost: Electricity price is the core of mining cost. Stable, cheap and compliant electricity price can support revenue, keep mining cost low and payback period faster.

Mining machine performance: Mining income is greatly affected by the market price of coins. Only by choosing a new mining machine with powerful performance can high efficiency and stable conditions be ensured.

As for the choice of mining currency, although there has been a recent phenomenon of mining IPFS and other small currencies, for a small number of high-risk investors, there will be a relatively strong money-making effect in the short term. However, this market is not mature enough, and the money-making effect driven by hot spots is not stable, the profit reliability is low, and the risk of paying for the bubble is very high. Therefore, Bitcoin is the final choice of many small and medium-sized miners.

Cloud computing is the future trend

The mining industry has a promising future, so what kind of mining products are suitable for novice/small miner investors?

As a small or medium-sized miner, there are many disadvantages and risks in mining by yourself, such as purchasing expensive mining machines, higher electricity and maintenance costs, high mining farm hosting costs and high risks , etc. Therefore, choosing cloud computing power to mine is a wise choice.

Compared to mining by yourself, cloud computing does not require users to worry about tedious matters such as mine setup and mining noise. In addition, users can purchase mining machines and mines on the platform and manage mining machines remotely . Compared to home mining, users can not only save a lot of energy, but also save a lot of electricity and operation and maintenance costs.

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【Energy Carrier Introduction】

Zionodes was founded in 2020. The core team entered the professional field of Bitcoin mining in 2016. It has now become the world's leading Bitcoin mining machine trading platform, dedicated to providing miners with a one-stop Bitcoin mining service trading platform such as mining machine purchase and mining machine hosting. There are no hidden fees, no complicated contracts, and all costs are completely transparent.

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