Bitcoin Forum

Bitcoin is down 189 today, shall i try to buy the miner?

Getting rich overnight is everyone's dream ;D. Maybe mining is a long-term process, we should not care about the temporary rise and fall, but long-term hoarding is the hard truth.

who have mining can communicate and discuss together? Could you recommend me some cost-effective mining machines?

Without knowing certain things ^{[e.g. electricity rates, your budget and etc...]}, none of us can accurately answer your question, but I'm going to post a link that might come in handy: whattomine.com (https://whattomine.com/miners)
^{- Contrary to what's written in some of the articles, such devices aren't always plug-and-play, and even if they do work right away, it's not going to stay in that state forever [e.g. faulty boards and etc...]!}

As the price has dropped, so has the price of mining equipment. So, it's a good time to buy miner now. But what you need to consider is buying new or used? What is your budget? As well as local electricity bills, the environment in which you place the miner, etc. Or do you have a miner model you want to know about? So that we can give more specific suggestions.

You're not going to get rich in the mining industry. That is because if you even make the slightest attempt to dump your coinbase fees and transaction fees, the market will notice and you will set it in full reverse again.

To become a miner is a decision to make that should not be affected by the fluctuating price of bitcoins. One btc still remains One btc, and that is what you should be your overall motivation. If you plan to buy a miner, go ahead and do so, btc will not continue to decline even if the situation currently looks as though there is no end. I believe that if you have an interest in mining and you have settled and put under control the other factors necessary for successful mining, go ahead without consideration of the decline.