Is there any risk in buying a bitcoin miner

Publish: 2021-05-26 06:13:55

1. Theoretically, it's OK, but because the computing power of the whole network is too high, the probability of a small number of machines digging out bitcoin is very low, so they usually buy it and connect it to the mine to dig, and mineant mine is good

2. The model proposed by Nakamoto is based on ideal assumptions. Of course, many academic models are like this. When they are tested in reality, they often encounter various practical challenges. I haven't read Nakamoto's paper in detail, but speculation should not be considered.

3. Compared with self built mines, investment in mining machinery trusteeship business still has certain advantages. Firstly, the time cost is saved to a certain extent, and the mining business can be started immediately. Secondly, unnecessary expenses, such as labor cost, are saved. Since the custody business concentrates the mining machines of multiple investors in one mine, the labor cost is shared by all investors
in the end, there is a lower electricity price. The ultimate purpose of the trusteeship enterprise to carry out the mineral machinery trusteeship business is to make profits. If the trusteeship enterprise can not get lower than the normal electricity price on the market, it is difficult for the trusteeship enterprise to make profits. Of course, the electricity price given to the investors will also be lower than the normal electricity price on the market. Another important advantage is that some trusteeship enterprises are able to cash the virtual currency g up by investors' mining machines directly, which also relieves some investors from the worry that they can't cash the virtual currency
at first, I thought hosting was expensive, but later I found that it was still so convenient. I always bought mining machines. The mining machine sales platform (honeycomb) would transport them to the mine for you, and there was a special person to manage and maintain them for you. I just looked at how much money I earned every day, which was much easier. New people even suggested hosting.

4. There are risks. All investments have risks, but the risks are relatively small. Because the cost is basically fixed, whether it is the input per kilowatt hour or the electricity charge generated every day is determined, so the daily income determines the final daily income. The total income is determined by the price of currency and the output of t-force. Next year, the output of bitcoin will be reced, and the application of bitcoin price will have a big increase. Because the previous two proction cuts before and after the answer has at least dozens of times the increase, the opportunity is relatively large.

5. It's OK, but it's very difficult. It's a lot of brain work. It's better to play on chips. You can get income by shaking it, and then you can directly exchange it for withdrawal bitcoin. It's simpler

6. Bitcoin mining is not illegal, as long as you use your own money, then you don't have the law to buy the ore. mining bitcoin mining is not illegal, as long as you use your own store and your own money, then you are not protected by law to dig the ore.

It's not illegal, but the investment is relatively large. Now radar currency doesn't need mining machinery, and it pays interest every day when holding currency. Moreover, the price is not high, and there is room for appreciation< br />

8. According to the rough statistics of chainchat, there are 20 million blockchain users in the world, and there are probably several million in China.

9. < UL >

high acquisition cost

at present, if investors want to obtain bitcoin through the "mining" channel, the cost is already very high. As the amount of bitcoin on hand is proportional to the complexity of the algorithm, the number of people involved in mining is also proportional to the complexity of the algorithm. It is impossible to use ordinary home computers to "mine". At present, the market price of high configuration professional "mining machine" has reached 300000 yuan. Through the online trading platform, the current market is as high as 1 bitcoin to 122.49 US dollars

to consider whether the political environment has enough support

as a decentralized virtual currency, whether bitcoin can be recognized by governments is very critical. Due to the lack of supervision, bitcoin is easy to become a channel for money laundering, bribery and asset transfer. More importantly, bitcoin lacks strong credit support in essence. As a currency, it lacks both the commodity function behind the gold standard and the mandatory guarantee of credit currency. When the market value of bitcoin continues to rise and has a certain impact on the real currency, governments may declare it illegal. In mid May, the US Department of Homeland Security froze two bank accounts owned by Mt. GOx, the world's largest bitcoin exchange. This is a systemic risk that must be considered

Technical Security

the design algorithm of bitcoin is relatively safe at present, but each online trading platform is not without loopholes. With the rising market value, bitcoin has become the target of network hackers. Users' bitcoin is stolen and bitcoin trading center is attacked by hackers frequently, which will bring unknown fluctuations to the trend of bitcoin

what is the appreciation space of bitcoin?

money supply should keep pace with economic development. From the design principle of bitcoin, the supply speed of bitcoin is determined by algorithm, and has nothing to do with market demand and economic development. Although bitcoin eliminates inflation in theory, its relative lack of total amount and no secondary currency is the biggest weakness. Bitcoin is more likely to bring deflation than gold standard. Deflation is just as harmful as inflation, which directly deviates from the liquidity nature of money and is destined to have a very limited audience

the best time to enter the market may have passed

from the perspective of market trend, bitcoin began to rocket up this year from the initial exchange rate of 1 US dollar to 1309.03 bitcoin, reaching the highest record of 266 US dollars to 1 bitcoin in April this year. This is because, according to the algorithm, the supply of bitcoin is halved every four years, which is exactly the beginning of the new four years from this year. The time point at which supply is halved is certainly a sensitive time window

investors should have a strong enough heart

bitcoin trading has a high risk, it does not have the same limit as the stock market, and trading is open 24 hours a day. Due to the small number of chips, the price of bitcoin is easily controlled by the makers. It is possible that the price of bitcoin will rise several times a day. At the same time, it is possible to wake up and find that most of the assets are lost

10. Just investment, there will be a certain risk. NB cloud mine, its computing power distribution in the world, safe and transparent, in this mining, the risk will be relatively small.. If you have any questions, please feel free to ask

Hot content

Inn digger Publish: 2021-05-29 20:04:36 Views: 341

Purchase of virtual currency in trust contract dispute Publish: 2021-05-29 20:04:33 Views: 942

Blockchain trust machine Publish: 2021-05-29 20:04:26 Views: 720

Brief introduction of ant mine Publish: 2021-05-29 20:04:25 Views: 848

Will digital currency open in November Publish: 2021-05-29 19:56:16 Views: 861

Global digital currency asset exchange Publish: 2021-05-29 19:54:29 Views: 603

Mining chip machine S11 Publish: 2021-05-29 19:54:26 Views: 945

Ethereum algorithm Sha3 Publish: 2021-05-29 19:52:40 Views: 643

Talking about blockchain is not reliable Publish: 2021-05-29 19:52:26 Views: 754

Mining machine node query Publish: 2021-05-29 19:36:37 Views: 750

Is there any risk in buying a bitcoin miner

Related to Is there any risk in buying a bitcoin miner