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How BeMine makes BTC mining transparent and controllable

Cryptocurrency Mar 24, 2022 11:30AM ET
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© Reuters. How BeMine makes BTC mining transparent and controllable

Cryptomining remains one of the most controversial, debated and risky investment instruments of the last decade. Due to generally high ROI of Bitcoin mining, more and more experts tend to consider crypto assets as a necessary part of a modern investor’s portfolio. Today’s conversation is devoted to the current situation around BTC mining, a unique service that provides infrastructure capabilities of regions with low-cost electricity, and criteria to figure out whether cloud mining is acceptable enough to try.

Mining today: risks or chances?

The current situation with Bitcoin and its mining remains controversial: a constant increase in the complexity of BTC network, occurring as a programmed response to the continuous growth of hashrate; a protracted period of the BTC price fluctuation near its level of support; and as a result, – a decrease in the current income of miners.

Nevertheless, a distant view shows a persistent profitability of Bitcoin mining at least in the long term perspective: Bitcoin halving and resulting shortage of liquidity inevitably leads to the consistent growth of BTC rate, as all previous lifetime phases of BTC show. Of course, in terms of maintaining the demand for the asset itse ...

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How BeMine makes BTC mining transparent and controllable
 

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