FAQ
For the newcomers in mining we offer to buy a smaller batch, a pair of miners, in order to get used to mining. In a month one can see the income, get familiar with the set ups of the hardware, choose among different pools and hosting companies and then decide which technical characteristics to choose for a bigger hardware installment.
Minimum investment amount is the price of several hardware pieces - miners and the costs of logistics and their hosting for a year. One can easily start with 3000 usd.
Passive income
Mining doesn’t need that much investment recourses as any traditional investments do (restaurants, apartments, goods production, tourist agencies, whatsoever), and the payback is calculated in months or in a year and a half, depending on the courses – compared to 5-year payback periods and risks of other own businesses.
Easy start
Mining is a great investment opportunity. One can start with a pair of devices and then build up a park of own powerful machines. Buying ASIC miners, placing them on a hosting, and then every day one sees and feels on the fingertips the rewards of mining.
Fewer risks compared to trading
Instead of buying and holding, or scalping as a trader (which needs lots of time and luck), one can mine bitcoin or other crypto currencies. Mining feels to be much more stable and less risky than trading.
Mining doesn’t need that much investment recourses as any traditional investments do (restaurants, apartments, goods production, tourist agencies, whatsoever), and the payback is calculated in months or in a year and a half, depending on the courses – compared to 5-year payback periods and risks of other own businesses.
Easy start
Mining is a great investment opportunity. One can start with a pair of devices and then build up a park of own powerful machines. Buying ASIC miners, placing them on a hosting, and then every day one sees and feels on the fingertips the rewards of mining.
Fewer risks compared to trading
Instead of buying and holding, or scalping as a trader (which needs lots of time and luck), one can mine bitcoin or other crypto currencies. Mining feels to be much more stable and less risky than trading.
High volatility
Those who have recently entered into mining industry may find it difficult to keep up with the high volatility and changes of the bear/bull market. In the times when the peaceful mindset is needed, the experienced miners “stay calm and keep mining” while the newcomers and “tourists” in the industry start selling currencies or quit mining.
Necessity to know and feel the market
Mining alternative coins can be several times more profitable compared to classical bitcoin mining. Yet several times more risky – one should pay time and attention to market learning and keep up with the signals of the market.
Increasing hashrates
The mining industry is developing rapidly and ASIC miners hash rate is getting higher and higher. Today the most powerful asic miners have 118-122 Th. Just to compare, several years ago it was 80-86 Th. In order to mine more one needs renew their park of machinery – and sell the used miners for those who have chosen the strategy of buying cheap equipment.
Those who have recently entered into mining industry may find it difficult to keep up with the high volatility and changes of the bear/bull market. In the times when the peaceful mindset is needed, the experienced miners “stay calm and keep mining” while the newcomers and “tourists” in the industry start selling currencies or quit mining.
Necessity to know and feel the market
Mining alternative coins can be several times more profitable compared to classical bitcoin mining. Yet several times more risky – one should pay time and attention to market learning and keep up with the signals of the market.
Increasing hashrates
The mining industry is developing rapidly and ASIC miners hash rate is getting higher and higher. Today the most powerful asic miners have 118-122 Th. Just to compare, several years ago it was 80-86 Th. In order to mine more one needs renew their park of machinery – and sell the used miners for those who have chosen the strategy of buying cheap equipment.
Mining industry is getting an industrial scale as the industry of crypto currencies is getting mass-adoption. Private investors with a dozen of units or bigger enterprisers with hundreds of machines enter the market in order to mine bitcoin or alternative currencies. Mining is considered to be more stable than trading as it either stays profitable or brings extra profits x3, x5, x10.
For Bitcoin mining, the most popular miners today are Whatsminer M30 S, Whatsminer M50 S and models from Bitmain series Antminer S19 XP, Antminer S19 Hydro, S19 J Pro. Yet it always depends on the strategy of mining that one has chosen. Some professional miners prefer to buy used equipment at lower prices in order to benefit from the scale effect. Others tend to buy miners with the highest hash rate to mine more right from the start. You can call us and get a free consultation about the models, the strategies and the expected income.
If one prefers to mine alternative coins, they often choose Bitmain Antminer L7 (Litecoin and Doge), Bitmain Antminer E9.
If one prefers to mine alternative coins, they often choose Bitmain Antminer L7 (Litecoin and Doge), Bitmain Antminer E9.
When the price of hardware equipment is too low, it is a sign of fraud. ASIC miners can’t cost less than they are valued by the market. As well as hosting price of a reliable hosting company is 0.06 – 0.07 – 0.08 $ as the hosting companies are licensed, pay taxes, provide security and maintenance.
Every miner model has its peculiarities – and it is always better to consult an experienced technician. If you have any questions regarding your ASIC miners, you can get a free consultation from our technical service department, whether you have bought equipment from us or not.