Bitcoin mining takes about 12 months to pay back, and investment is still risky

If you have invested in Bitcoin recently , then you must be feeling like you are on a roller coaster. After all, it goes up quickly and falls down quickly.

After New Year's Day, the price of Bitcoin broke through the $40,000 mark for the first time on January 7, and its price doubled in less than a month. But then it began to fall back, falling to $30,411.6 on January 11 (down more than 27% from the highest point), a daily drop of more than $6,000. As of press time, the price of Bitcoin is $35,382.40.

Even though there were many declines in one day, the surge in Bitcoin last year still attracted many people. Regarding this situation, the Bitcoin mine custodian said that it would take 12 months for Bitcoin mining to pay back.

Recently, the price of Bitcoin has continued to rise, reaching a peak of over $41,000. According to the Bitcoin mining farm custodian, some clients have recently inquired about adding orders, but the mining machine manufacturers have insufficient production and cannot get a large number of mining machines. Now they have to wait for 5 months or even longer. Most of his clients increased their positions in the middle of this year.

At present, the price of mainstream mining machines ranges from 30,000 to 60,000 yuan, and it takes about 12 months to recover the investment. So, how much does it cost to recover the investment in Bitcoin mining in about 12 months?

The price of Bitcoin has risen by more than 900% from its low of $3,867 in March last year to date.

The recent cryptocurrency craze is showing signs of a melt-up! A melt-up is when there are more and more bulls in the market, market sentiment is super optimistic, the market keeps going higher or even accelerates, and eventually leads to a market crash.

Anthony Scaramucci, founder of Skybridge Capital, owns a large stake in Bitcoin. But even he said investors need to be wary of Bitcoin.

He said people have already started to accept Bitcoin, and since it appears in so few portfolios, there is a lot of room for growth.

Despite this, Scaramucci believes that Bitcoin is still an unstable asset and investing in it is still risky. In his view, Bitcoin has a tendency to collapse. Now is the time for adjustment, and the adjustment may be violent, and it may suddenly plummet by 20% to 50%. (Fast Technology)