China: Cryptocurrency Mining Machines Reportedly Being Sold According to Their Weight

I have NOT touched or spoken about crypto-currency (not blockchain) since 2017 because there are too many emerging “experts” on the global scene actively writing and talking about it.

It’s factually true that in a bull run everyone’s a victorious fortune teller. However it is in a long bear run and seemingly collapsing market that only a rare and real hero is born.

In recent days I have been personally approached on the issue of mining. It is very surprising to realise that my close acquaintances have been involved in crypto mining for quite some time already.

The most common concern is “Can or should I do mining now?” I take that they are referring to Bitcoin and Ethereum. Since their questions are in nature of general interest and maybe there is not a straightforward answer, I decide to make my response publicly on FB.

However before I answer them, answers to the following counter-questions are paramount:
Like “real property” are these crypto commodities they are mining…
1. Ever existing and will never disappear?
2. Scarce in nature?
3. To be increasingly adopted?
4. In line with the future trend?

If the answers to the above are negative any word beyond this point is irrelevant. However if the answers to the above are positive, then one has to be aware of the fact that the profitability of mining depends on the following major considerations:
1. The efficiency of the mining equipment
2. The electricity cost of POW mining
3. The maintenance and management costs
4. Trustworthiness of the mining team
5. Security and secrecy of the mining farm
6. Disposal options and value of obsolete mining equipments
7. The difficulty level of mining
8. Lastly and most importantly the market price trend of the crypto

If you know cryptos are like real estate or similar assets, would you buy the dip or would avoid at all cost? This is the question (answer).

All I can be sure is, when there are big discounts or crazy bottom price sales my wife and I will go all out shopping for our favorite stuffs.


Click here to read more : China: Cryptocurrency Mining Machines Reportedly Being Sold According to Their Weight

Share this article

Related Posts

卖光家产投资比特币 一家人环游大马等四十国

比特币大使一家在2014年就開始用比特幣環遊世界了,只是沒有被報導出來而已。 浏览:𝕐𝕠𝕦𝕋𝕦𝕓𝕖: 𝔹𝕚𝕥𝕔𝕠𝕚𝕟 𝕎𝕠𝕣𝕝𝕕 𝕋𝕠𝕦𝕣𝕨𝕨𝕨.𝔹𝕚𝕥𝕔𝕠𝕚𝕟𝕎𝕠𝕣𝕝𝕕𝕋𝕠𝕦𝕣.𝕠𝕣𝕘#𝔹𝕚𝕥𝕔𝕠𝕚𝕟𝕎𝕠𝕣𝕝𝕕𝕋𝕠𝕦𝕣 卖光家产投资比特币 一家人环游大马等四十国 虚拟货币盛行,荷兰就有一个五口家庭,在2017年时几乎变卖所有家产,包括房产、汽车、退休帐户等,把钱全部投入在比特币上,他们也因此被称为「比特币家族(Bitcoin Family)」。如今随着比特币水涨船高,一家人已经环游世界40个国家。 综合外电报导,泰胡图(Didi Taihuttu)和妻子育有3个小孩,他2017年时将自己的家产套现,包括房产、汽车、退休帐户、衣服、玩具等,并将所有金钱押注在波动性极大的比特币上,当时比特币的价格是900美元(约3636令吉)。 4年期间一家人仅靠比特币,便游历了40个国家及地区。他们表示,不会与不使用比特币的人交易。不过有时为了过日子,他们要通过以物易物、讨价还价,比特币扣帐卡进行交易,甚至要说服卖家接受加密货币等。 泰胡图一家发现,地球上有2个地方可以用比特币交易几乎所有东西,一个是斯洛文尼亚首都卢布尔雅那(Ljubljana)和一个义大利小村庄罗韦雷托(Rovereto)。在卢布尔雅那,他们用比特币支付汽车维修费用和电影戏票;在罗韦雷托,则购买摩托车、缴税和理发。 比特币在2017年时曾一度暴涨逼近2万美元,但2018年暴跌至3100美元,不过在比特币暴跌之际,泰胡图反而大手笔买进。本月上旬比特币价格再度逼近2万美元历史高位,泰胡图指自己仍然不断买入比特币,投资额已比当年再多增一倍,「如果比特币在2022年能达到20万美元,我也不觉得惊讶。」 实际上,有分析师表示,比特币确实还有很大的上涨空间。投资公司Galaxy Digital行政总裁麦克(Mike Novogratz)认为,「这次比特币的反弹才刚开始,并预计到明年将升至6万美元。」 摘自:

20 Dec 2020