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Miners Need Cheap Electricity For Maximizing Profit After Bitcoin Halving

NoLimits15

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Bitcoin halving has reduced mining rewards by half which means miners have to work extra hard to get bitcoins. Old miners will easily get replaced by newer more powerful miners. The problem can be solved by minimizing electricity costs and making the process more efficient. Many miners have set their components in parts of China where the electricity costs are very low and some even went to colder regions.
 
Well, if these moves will help to make mining profitable for miners why not, the best bet is making minnijg more efficient and at lesser cost to gain profit.
 
In fact, the reverse is true - mining difficulty is always raising instead of become more easy, and there's no way to lessen the cost besides moving to a country where the electricity is cheaper.
 
Using the newest Asic minners and also a good energy source could make that you earn a lot of money.

The best energy source would be Hydropower or water power is power derived from the energy of falling or fast-running water, which may be harnessed for useful purposes.
 
Good energy source is useless if electricity in your country is not cheap, unless you want to build your own power plant, which cost like more than million dollar for sure.
 
I am thinking another way! what if in a situation miners strike (stop working)? will that cause bitcoin price go extremely high ? what do you think about it?
 
With no one does the mining bitcoin (and any other cryptocurrency) will be finished, dead in the water? Do you even know how blockchain works?
 
Replacing most of the mining tools might be capital intensive, if China has low cost of electricity, very likely mining will be profitable there and huge bitcoin might shift their base their there by making China more powerful.
 
Cryptocurrency, in general, is a new niche and there is a scarcity of writers who genuinely know this niche. This means the market is flooded with newbie copywriters who simply rehash the content that contributes to the deterioration of quality. However, if you really know this niche and you have decent writing skills, you can actually make money.
Even the old and existing niche were once developed by newbies in that niche. Everything require constant research. If there is a reasonable reward for writing a comprehensive crypto niche, name it and you will see those who will give you what need.
 
Even the old and existing niche were once developed by newbies in that niche. Everything require constant research. If there is a reasonable reward for writing a comprehensive crypto niche, name it and you will see those who will give you what need.

I think viral factor is more imporatant here than some comprehensive guide/reviews/article, like you'll most likely adopt bitcoin if your favorite popstar use it too.
 
I thought that bitcoin halving will make bitcoins more expensive and as such this should cover for your low bitch's earnings when mining, isn't this so?
 
I thought that bitcoin halving will make bitcoins more expensive and as such this should cover for your low bitch's earnings when mining, isn't this so?

Check just how much bitcoin costs now with Google. You'll see that for the past few months it's price has stagnanted and staying in the 9,000 USD teritory.
 
Is mining still profit? After the halving I guess the price of bitcoin will not going to 20 k again and after all, there are a lot of alt coins out there where people find some profit with it..
 
I don't know about BTC "stagnating" at $9000.
I am sure about one thing though and that is miners have had ample time to anticipate the needs.
Cheaper electric costs has always been on the table, no wonders there.
So here we are in a world that has to go to greener energy and BTC mining will have to adapt.
 
The best energy source would be Hydropoweror water power is derived from the energy of falling or fast-running water, which may be harnessed for useful purposes.

Yeah, do you want to build your own hydroelectric power plant buddy? There's no way for normal folks to build one since the cost of building one can easily reach 1 million usd or more.
 
Most of the legit mining companies that i have seen that have shown their factory of miners are mostly on the cold region as they said well obvsly it could lower temp and prevent overheating of hardwares
 
Most of the legit mining companies that i have seen that have shown their factory of miners are mostly on the cold region as they said well obvsly it could lower temp and prevent overheating of hardwares
This may be an advantage to them though not significant one except if there region is very cold and there is stable power supply. Miners in hot region can also improvise too.
 
miners in hot region can opt to having air conditioned rooms for the hardwares, but this would incur more maintenance fees for themselves
 
I think the best way is to use green electricity sources. I really suggest renewable power resources like solar and wind it's absolutely cheaper than normal electricity for miners. I myself when i bought a new small house near lake with my crew for mining i installed solar panels because I wanted to lower the cost of the mining process, i searched online for good green energy suppliers, i used usave for comparing between suppliers. I installed 2 huge panels, one to power the computers and one for the cooling system, this way i saved a lot of money for the mining process.

Wish I could do that man. Most miners don't have enough starting capital to move to a new location and installing solar panels like you. Good luck in your endeavor though.
 

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