What else do I need to buy to buy a mining machine (can I make money by buying a mining machine)

What else do I need to buy to buy a mining machine? Mining is a big business in the coin circle. For Bitcoin, the cost of digging a coin is very high. For Ethereum, the advantages of relatively cheap price and low income are also good opportunities to attract many investors As mining becomes increasingly difficult, the prices of various graphics cards will continue to rise, prompting miners to consider how to choose reasonable investment strategies to purchase mining machines. However, a method has emerged in the market to reduce the computational efficiency of mining machines through ASIC chips and integrated circuit technology. However, due to some professionals stating that this approach is difficult to implement, more funds need to be invested in the equipment. So if you want to buy a mining machine, you need to first know what the hardware is, and then the electricity bill, because the more expensive the electricity price is, the more coins are dug out, and the electricity consumption will naturally increase. In addition, there is another method: take your OEM factory (Bitmain) as a company for custody or acquisition, so you don’t need to consider custody or acquisition. But these problems are not that you can’t control the mining machine you dug up, but that you can decide whether to buy it on your own So how should we judge mining now? In fact, I believe most people will think, which industry is most suitable for mining with the concept of blockchain as a new technology? Of course, this is a long-term process that may also leave many people behind In a sense, ordinary people may not be familiar with mining machines, and may not even know how much they will spend to purchase a mining machine to dig out their own coins; For example, if you only look at the power consumption ratio and then look at the electricity bill situation, you will find that some people do not care about the electricity bill in the early stage, but instead feel bored in the later stage, so they can only retrieve the principal and then go to another manufacturer to sell it on a second-hand trading platform. At that time, you were still worried that even if you sold all the coins after being listed on the exchange, you would still lose money in the end

Can buying mining machines make money

It has been over a year since Bitcoin was halved, but the cost of mining machines mining a certain amount of currency is high.

. Nowadays, many investors are asking: What is the profitability of buying mining machines? Why use the same method to earn BTC? Because when purchasing machines, factors such as electricity bills, operation and maintenance costs, and electricity costs need to be considered, all of which rely on mining to generate profits For ordinary people, in a bull market, the return on investing in a mining site may be higher than their own mining income (such as how many computers you can operate) or other ways to profit. Therefore, if you choose to make money directly by selling mining machines, then you should have a clearer understanding of what miners can get from it. If you don’t, then you have at least three main sources of income: 1. Equipment rent. 2. Rewards for computing power and mining operation costs 3. Mining pool handling fees 4. Transaction costs 5. These parts are all related to the value of the mining machine itself, that is, the revenue generated by mining is the total supply of Bitcoin. Of course, it also includes for individuals, we can earn profits by purchasing mining equipment, but what happens if we only want to use a portion of cash to participate in market activities 1. Hardware and resources used for mining; 2. Selection of ASIC chip manufacturers. The first thing to judge is whether an Antminer S19 series mining machine can be profitable or profitable at zero; If all mining machines are placed in a foreign company, it not only cannot make a profit but also must receive investment support from the US government

At present, there is almost no mainstream ASIC manufacturer in the domestic market other than Bitmain that can achieve this goal. For example, ants A10S+T17e+M30s++, etc. In addition, the latest product launched by Shenma, M31S+T15i, is sold at a price of 100 yuan per degree. (Refer to Message Network)