Bitcoin stands at 85,000 for the second time in a year, and the market is likely to move higher.The lucrative business of mining bitcoin is once again attracting hundreds of thousands of investors hoping to get their hands on the currency cheaply and take advantage of its rising value.As the producer of Bitcoin, miners occupy a very important position in the bitcoin ecological chain. Mining machine is the "printing machine" of the digital currency market, producing bitcoin continuously.
Many investors want to participate in bitcoin mining, there are many doubts in their minds, do not know how to get started, the following is to introduce to you.
Make money by mining Bitcoin?
Bitcoin mining has experienced four stages from ordinary computer, graphics card, large-scale integrated circuit to professional ASIC mining machine. It has been a lucrative industry for decades.With the halving of the third bitcoin block award, bitcoin production should stabilize over the next four years, allowing miners to enjoy another four years of high returns.Based on the price of bitcoin and current computing power, the recovery cycle for miners is about 10 months or so.Generally a mine can dig for three years, if from the static rate of return, that is more than 300%, seconds to kill other industries.Miners' earnings are affected by two things. The first is the price of bitcoin.The second is the whole network computing power.The price of Bitcoin is clearly on the rise.According to the historical trend, bitcoin has just experienced the "block reward halved", the latter half of the year is expected to emerge from a bull market, the price in the rising period.In terms of the whole network computing power, the whole network computing power is in a moderate rise, the difficulty of mining increased, on the one hand, indicating that miners continue to increase their input;On the other hand, it's also a sign that bitcoin is getting more and more difficult to dig in.But for those who are new to the trade, it takes a long time to mine, so it's important to find a reliable, safe and easy to operate exchange to start your first trade.
IXX Exchange (https://ixxex.me/user/register/?Invitor=5849348) is a well-established virtual currency trading platform with a large number of major users. Its business covers transactions in hundreds of cryptocurrencies including Bitcoin, Cardano, OMG, Bitcoin Cash, Ethereum, Binance Coin and so on.Choosing such a platform with high popularity, good credit endorsement and brand influence to conduct transactions is the first condition to prevent the risk of running away from the platform and ensure the security of capital.Usually, after the seller receives the payment, he will release the COINS quickly. The whole process will be carried out by IXX platform as a guarantee. So there is no need to worry about security.
How to mine Bitcoin?
The improvement of the bitcoin industry chain makes bitcoin mining develop towards specialization, clustering and scale.From the perspective of the main form of the industry, there are three main ways of mining Bitcoin at present, each with advantages and disadvantages.
1, the acquisition of mining machine trusteeship mining.The advantage of this approach is that the mining machine and the bitcoin income are completely owned by themselves, and you only need to keep the mining machine and pay the electricity and other fees.The disadvantage is that more pits in the industry, trusteeship mining machine passive hands and feet, or mining machine is broken, no one is responsible for it, it will be nothing.
2. Joint mining by participating agencies.There are many joint mining projects in the market, the specific operation is to work with the agency to purchase the miner, and then dig in the designated mine.The advantage is that the purchase of mining machinery and electricity will be relatively cheaper, but there are still a lot of hidden charges, so you can't guard against.Although claim not return capital, won't take income to share, but a lot of recessive charge can prolong return this cycle virtually, and risk is bigger.
3. Cloud computing power mining.Mining with cloud computing power is the computing power that users directly buy hundreds of thousands of mining units on a large platform to build a mining pool. Mining with cloud computing power is equivalent to a financial product. The biggest advantage of cloud computing power is that it reduces the threshold for users to participate in mining, which saves trouble and worry.As long as you are looking for a reliable platform, you will definitely make money, with the revenue up to 3-7 times. The reliable platform will take users to the mine field at any time.
Is bitcoin mining risky?
Any investments all have risk, the currency is not exceptional also, mining and mining traditional risk I can't guarantee, but in mining platform of cloud to calculate force IXX Exchange (https://ixxex.me/user/register/?Invitor=5849348), I can guarantee that the risk is the least, because you each unit of computing power according to the net every day to dig up the number of COINS is the same coin, not less, the benefits are obvious every day to the account.Bitcoin has just experienced a half block reward, stable output in the next four years, this is the first layer of security;According to historical prices, the price of a bitcoin tends to rise after being halved. The more the price of a bitcoin rises, the higher the yield will be, which is the second layer of protection.