In this bearish market i am thinking to invest in mining . Can you please guys suggest its good or not .
If you are thinking of getting into mining and paying its expenses with your mining income itself, then I will suggest not doing that because you will mainly lose your crypto in the expenditure.
Secondly, if you calculate using current market rates, it wont seem profitable at all. The ROI is beyond 1.5 years excluding electricity cost.
What I want to say that, people whi have a separate budget for expenditure, and are patient enough to hold their coins for say a year or more, can get into mining.
Small scale miners are in trouble right now because what they mostly do is pay using the crypto mined. And I think that makes no sense.
Hope this helps.
Abdullah Surati
www.cryptominingrig.in