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[aryan4]

CleanSpark, a US-based software-technology company traded on the Nasdaq stock exchange, has made a major mining investment. In the press release made by the company, it was reported that 22,680 devices were purchased.
What do you think about the increasing mining investment of companies?

 

[Josemendez]

This is a huge purchase in the world of cryptocurrency and one that will also be beneficial to the them , I hope they will be able to recover their capital , considering that the number of bitcoin to be mined is limited now

 

[Wisdom01]

I Think the price of bitcoin have been increasing for some time now , and if they keep mining and holding they know they are going to get more profit

 

[Josemendez]

I Think the price of bitcoin have been increasing for some time now , and if they keep mining and holding they know they are going to get more profit

Today has been a very bad day for bitcoin and some other altcoins. Market generally today is down , can pinpoint what could be the reason

 

[Wisdom01]

Today has been a very bad day for bitcoin and some other altcoins. Market generally today is down , can pinpoint what could be the reason

Many are saying the turkish ban and others , but i think this happens most times on the crypto market when there could be some huge fall we just need to be at alert.And most times it happens on weekdays

 

[Josemendez]

Many are saying the turkish ban and others , but i think this happens most times on the crypto market when there could be some huge fall we just need to be at alert.And most times it happens on weekdays

Sure , it is only a newbie that will accept such excuse . In Crypto world , there are times when market falls and times when it rises

 

[Wisdom01]

Sure , it is only a newbie that will accept such excuse . In Crypto world , there are times when market falls and times when it rises

Yeah we cant continue to see a bullish run for a long period of time ,a time of bearish erun would reach ,we just need to be prepared for it

 

[Josemendez]

Yeah we cant continue to see a bullish run for a long period of time ,a time of bearish erun would reach ,we just need to be prepared for it

What most people do now is to withdraw their investment wait for more dip and then buy the dip for long term holdl . This is a way to use the dip to our advantage

 

[Wisdom01]

What most people do now is to withdraw their investment wait for more dip and then buy the dip for long term holdl . This is a way to use the dip to our advantage

I think many would have prefer to still hold if they buy the dip or they invest more in the coin to get more profit as the price continues to grow

 

[Josemendez]

I think many would have prefer to still hold if they buy the dip or they invest more in the coin to get more profit as the price continues to grow

Ofcourse , there is no sense in selling when you actually bought the dip. The thing there is that we buy the dip , wait for the rise , if it dips further we buy more

 

[Niftyicon]

This is a huge purchase in the world of cryptocurrency and one that will also be beneficial to the them , I hope they will be able to recover their capital , considering that the number of bitcoin to be mined is limited now

You just highlighted my concern about investing in bitcoin mining devices at a time when the number to be mined is greatly reduced. Those devices must cost a fortune and I wonder how profitable the venture would be.

 

[Josemendez]

You just highlighted my concern about investing in bitcoin mining devices at a time when the number to be mined is greatly reduced. Those devices must cost a fortune and I wonder how profitable the venture would be.

It is very profitable in nature because you get to benefit from the sale of the coin and from the miner's fee from transactions . Secondly there is always demand

 

[Niftyicon]

It is very profitable in nature because you get to benefit from the sale of the coin and from the miner's fee from transactions . Secondly there is always demand

Well, those guys must have a good idea of what they were up to investing in those devices. I doubt they would have dared without seeing the future profits.

 

[Josemendez]

Well, those guys must have a good idea of what they were up to investing in those devices. I doubt they would have dared without seeing the future profits.

Investing in such a project is not something one can easily let go off , I believe they are going to recover what they have spent on the coin .

 

[crypworld]

Staking or hodling cryptocurrency is the new trend and it's cost-effective rather than purchasing devices for mining.

It would have been better the company invested in staking bitcoins unless they can afford and don't mind the cost for mining.

 

[Josemendez]

Staking or hodling cryptocurrency is the new trend and it's cost-effective rather than purchasing devices for mining.

It would have been better the company invested in staking bitcoins unless they can afford and don't mind the cost for mining.

Actually , they will benefit more by mining because they will sell above the market price and still have reserve for their own holdl .

 

[yolaqueen]

Creo que el precio de bitcoin ha estado aumentando desde hace algún tiempo, y si continúan extrayendo y manteniendo saben que van a obtener más ganancias.

I think many would have prefer to still hold if they buy the dip or they invest more in the coin to get more profit as the price continues to grow

It is a good investment for companies that are developing mining since the world of the market is changing towards other ways of obtaining profits.

 

[CrazySher]

First - this is huge, and for sure they will gain profit as hell. Because the cryptos now a days perform very well not just btc but all other assets like ltc, Dodge and dash, etc.

CleanSpark, a US-based software-technology company traded on the Nasdaq stock exchange, has made a major mining investment. In the press release made by the company, it was reported that 22,680 devices were purchased.
What do you think about the increasing mining investment of companies?

 

[Wisdom01]

It is a good investment for companies that are developing mining since the world of the market is changing towards other ways of obtaining profits.

They are building mining tech. , because they know the kind of profit and amount that comes with mining , i hope many companies continues to taKe the opportunity

 

[achawaskey]

The world is changing, and most companies are trying adopt the new Sharif in town that is cryptocurrency. It is also a signal of good things to come.