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So here's my question, do you think I should go for it? Do you think BTC mining at that kwh costs and the low difficulty adjustment, can be profitable again in Germany? Would love to hear your opinion on that, because my initial costs for the investment would be 65k and the calculations say the machines will produce more than 2.4 BTC in one year, that's more than I would get for 65k USD in BTC right now, and after the initial costs the machines would still produce BTC year after year without me investing further amounts except of maintenance etc. Am I wrong? I would earn around 90k+ in revenue minus the energy costs of 40k which places me a profit of around 50k per year after break even (as of right now).
If you're an expert in mining, meaning you're doing it since several years in large or small scale, please reach out to me, I have several questions regarding my investment and plan.
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I don't think it looks good for now. Because the price of bitcoin itself seems to still be declining. Moreover, the price of components is still quite high in price.
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As regard to space to set up the mining farm, I already reserved a farm house vacant for quite some space with large meters of space and electricity is quite cheap in my location but I plan to go in for 100% solar before the end of 2021.
I think it's great to be a source of power, rather than relying on power sources from power companies. |
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Lately l picked interest in bitcoin mining and i have purchase my pre-own Asic mining equipment that will be shipped in the next few days, am curious know, aside from electricity which other factors should i consider before setting up my mining farm.
What about your pc specifications sir? Do you meet the minimum calculation standards to benefit from mining? |
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No coins are good enough to be bought up to this time. Crypto continues to fall and do not give the results expectations. This even makes many coins there are not interesting enough to be purchased because the result bus alone will fall deeper. even many who prefer to endure and not take the risk to buy.
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see current conditions I think they are just too afraid to take risks. many large projects and even judged well into fall when ICO is complete and certainly many do not dare to do this because of those reasons. then take the risk it is better to wait until the situation improves.
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No crypto can guarantee safe to save money. the ablest to happen is it has a big risk when entering money inside. at least if you want to choose crypto then look at the top of the ancients where much crypto is good enough and stable enough. among the many existing ripple can be used as a recommendation as a place to save money.
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I will be sure on the coin as NEO, ripple, EOS and stellar. some coins were still low enough cost and see ATH high from some of the coins of that time then it will give a sign that this would be more for the next two years. now just be sure and can also survive on the coins.
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become bounty hunter must be more than have a sense of patience and perseverance. facing many of the bounties that are not so good value should certainly generate true tested about a good strategy as to what to do for it. In addition, at least bounty hunter should get bulletproof faced many projects and the results did not match expectations so fast for months.
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Every month or so, new altcoins get listed to crypto exchanges
But I do not see their "intention" of getting listed in this situation of the market.
What is the point? They are becoming more and more worthless, even up to 0.0007$ or so?
If i overview the technological aspects, most of them are data platforms, service platforms, or reverse-ICOs.
I mean, is Blockchain technology even going to develop further so that it can be commercialized and standardized?
That is because creating a new coins is getting easier day by day, that makes many people wish to have their own coins. and creating them without even having a big purposes in the future of that coins, i think it's just a selfish desire to make that coin. It is indeed true and that's what being a bad thing. many are just expecting results from the ICO does and go with the results of it. regarding the continuation of the project then there is no seriousness for sure in running it. |
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Recently, developers are increasingly refusing their obligations and not afraid of the threat that the project will have a lot of negativity, it seems that they do not think about the future and only hope to raise money and hide.
What do you think?
And that's why you must choose the trusted developers and try to avoid these scumbags. Remember even a trusted platform can't be trusted for 100% and that's the only good thing to choose by us. So fur they are changing the roadmap whatever they want. in theory, this is the right thing. When it was met with the developers who are not serious with the projects they run then do not follow the developers again. This is the function of good analysis to find a decent project and will be great in the future. |
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with the hardfork I think the ethereum will be more than the current value. Although not a big increase but at least increase the value that there are already capable of restoring the position back in the second position and it could be more of those values when the hardfork arrive.
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began to keen on ICO could be the solution, fortunately. but in the election of the ICO should be very certainly paid for if wrong in choosing the ICO will then bring to many ICO scam there is. the expected 2019 ICO could be better than last year and starting to get real results.
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the project covered by the scam who chose the project itself. When already logged in on such projects will certainly be back again at how about analysis is done. analysis of goodwill brings to the project which produced the profit. the scammers are indeed guilty of this, but if it could analyze the election result certainly could be good also would be good.
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There is no further comment from the crypto for last year. ICO many fail and fall of values should be. This makes the results of the bounty were also bad and many are forced to resign in erratic results. one path that can be taken is to wait until the recovery if it wants the results of the bounty and ICO.
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the reason why hate bitcoin I think it comes from yourself and not from bitcoin. If we play the light of logic only. bitcoin is increasing rapidly to current price even more. certainly funny if many good things but instead will hate it. one of the reasons that surely is not usually in a track or running crypto to get results.
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the scam is not an easy thing to predict. This is evident because many were still trapped and enter into the scam happened. But even so, sometimes the analysis will also be helpful to predict this thing though is not appropriate. see the concept is there, the team behind them and also wallet became the thing to do.
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the purpose of a lot of people get in on the crypto is certainly to get great results at a time instant. However, when entered in the year 2018 and then, of course, a lot of people are aware that the entry on crypto will not be as easy as imagined in getting results. not the right solution if hope gets rich quick on crypto because it is just the luck of course.
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When Exchange starts to support hardfork that will come of course it will be a piece of joyous news. This will lead to a rise in the core will happen to ethereum. reasonable when many are utilizing it to buy the ethereum pretty much in order for the results of the hardfork they get too big.
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