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Can I make a profit?
The market of mining farms continues to grow, but the activities of companies depend on the price of cryptocurrency and its attractiveness. There is a myth that in 2019, mining cannot be earned, but the share of entrepreneurs who do not believe in it remains.
According to expert estimates, in 2019, mining is easier to do than 2-3 years ago. This is due to the opening of large representative offices in Russia, which are most often available to large players.
Also, the attractiveness of the industry is associated with cheaper equipment. If earlier to buy a small stand for mining cost about 200 thousand rubles, today there are options for 20 thousand.
Back in 2016, it was impossible to find specialized data centers for mining. Thus, illegal imports of equipment were spread. Today, all units have official data with notification and are subject to fees.
In 2019, mining becomes a completely legal business. At the same time, there are still no laws prohibiting this type of activity.
It is worth remembering that mining is a complex matter that requires a little luck. The difficulty lies in the large number of computational processes combined with well-constructed economic planning.
There is even the opinion that trading is easier than mining. However, trading requires a more detailed study of financial processes. Hence it is logical to assume that mining services are much easier given even in the initial stages of a business.
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Many factors also affect the profitability of mining services. The first and main – is an indicator of power equipment. The second factor is the reward for a block of cryptocurrency, which decreases with time. The third is the number of participants.
In addition, you need to take into account the cost of electricity, equipment consumption, as well as the mining pool commission, which is 2%. There are also two strongly dependent factors that cannot be predicted in advance – the cost of cryptocurrency and the complexity of mining.
To start mining in 2019, you must first order the equipment. Today, there are many communities and sites for buying mining devices. Experts recommend purchasing equipment in China, because there their price is reduced several times.
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Payback from mining services directly depends on the above factors. The average is usually 1-3 months.
Analysts say they are very optimistic about mining because the market is showing dramatic changes. At the same time, Bitcoin growth is projected to 40 thousand dollars.