Can mining make money in 2022?

Powpower
3 min readApr 27, 2022

Hello everyone, this is POWPOWER. PowerPower has focused on the mining neighborhood for 4 years. It is the official distributor of ipollo and has established long-term partnerships with bitmain, Avalon, Jasminer, Innosilicon, whatsminer and goldshell. Can mining make money in 2022?

More details:POWPOWER.NET
You can make money any time you dig. Because this is an investment behavior in the primary market. In the currency circle, there is a saying that it is better to buy money than to fry money, and it is better to mine than to buy money. Because a few years ago, this industry was basically recognized as a gray industry for ordinary people, and most people generally didn’t look at it. The more I asked my friends around me, the more I felt that this industry had great potential and opportunities. Because when people generally agree, it’s time to leave slowly.
Mining is technically a reward for contributing to the workload of hash operation. From the perspective of investment, mining is compared to a risk investment of whole deposit and zero withdrawal. At the same time, this behavior will operate the mining machine, gradually obtain bitcoin as a return, and finally realize it by trading bitcoin. The circulation of any kind of currency requires cost. In addition to the energy support of machines, bitcoin also needs more support of landing application technology in the later stage to get greater circulation. There are many factors affecting the income of mining, mainly including mining machine cost, mining machine performance, electricity cost, difficulty of the whole network, currency price and other variables affecting the cost of obtaining bitcoin. When investing in mining, investors usually use the current variables that can be determined to calculate the current cycle, fix the mining machine cost, performance and electricity cost, and calculate the current cycle according to the current difficulty and currency price.
Mining is a long-term investment process. When you buy a machine and turn it on, the machine will automatically run to dig BTC. The income of BTC in a day depends on two parts: one is calculation power and the other is electricity. Throughout the mining industry, ETH is the easiest and most stable one to earn. Mining is a slow return investment with high controllability. The investment is the source output. Although the computing power of the whole network will have a certain output impact, as a long-term investment, mining will certainly give you a return. With the maturity of cognition and technology, the industry ecology is booming. Although the market situation is uncertain, the overall trend of currency price is singing all the way, breaking record highs several times, and the prosperity of the mining circle can be expected in the future.
Mining, the most important thing is to choose the right investment target, choice is often more important than effort! Mining yield first depends on which track you choose. If you choose the right track, you can make money. Secondly, it is necessary to consider the entry time. When a mining target is already in full swing and everyone actively participates, there are many participants at this time, so your entry cost will inevitably become higher. When everyone is mining, whether it is still suitable for layout mining is a matter that needs careful consideration! Then, select the mining participation mode, mining platform and good platform to ensure mining! Finally, when your money is sold after you find it is also a very important factor! If you dream of selling at a high point, your yield will naturally be higher. If you sell in a bear market, the yield is naturally not very ideal!
In short, calculate the production ratio yourself, and then choose! Mining is a long-term benefit. Now we only pay attention to the problem of the next cycle. The rise and fall of the currency circle is not a year or two. We can earn money only if we stick to it.

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