When you mine a cryptocurrency, you need to be mindful of the liabilities that will cut into your profits: namely, bitcoin’s market price, the cost of electricity, maintenance fees and the cost of your mining equipment and how long it is likely to stand up against increasingly powerful miners. As more powerful machines reach the market, your once-powerful machine might not be able to keep up.
Related posts
-
Australia Seeks Public Input on Crypto Tax Reporting
The Australian Treasury has invited public feedback on implementing... -
How Crypto Is Changing Online Gambling and Betospin Leads the Way
As online gambling is evolving, cryptocurrencies have come into... -
United Kingdom to Introduce Regulation for Crypto in 2025
Stablecoins and staking services will be covered by the...