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location Home > News > Details

Can You Make Money By Mining Bitcoin? You Must Know These Three Things!

2022-06-29 10:47

Bitcoin mining may be an easier and less risky way for people who want to make money by investing in cryptocurrencies. Even so, some people still make some unwise decisions when investing in Bitcoin mining, resulting in meager returns or even losses. To make money with Bitcoin mining, you must know the following three things:

·Make Decisions That Go Against The Market

Yes, you read that right, in order to make money from Bitcoin mining, your decisions must be against the market.Simply put, it is to High throw bargain - hunting.

Many folk masters are very good at using funds to carry out short-term operations of Chase after go up kill drop, and sometimes they can get very high profits. But for bitcoin mining, this is destined to be a long-term investment, and high throw bargain-hunting can help investors obtain higher returns.

Therefore, when investing in bitcoin mining, we must curb our greed, and at the same time maintain confidence in the long-term development of bitcoin, sell when the price is high, increase investment when the price is low, and make rational decisions decision making.This may sound difficult, but it is where our opportunity lies.

·Buy Miners When Bitcoin Prices Are Low

The market price of Bitcoin miners is not related to their manufacturing costs, but to the price of Bitcoin. When the price of Bitcoin rises, the market price of Bitcoin mining machines will also rise synchronously, and sometimes the market price is even two or three times the ex-factory price.

If you buy at a time when bitcoin miners are at a serious premium, investors may lose money if the price of bitcoin plummets because the benefits and costs cannot be balanced.

Therefore, the best time to buy a bitcoin mining machine is when the price of bitcoin plummets, we can participate in bitcoin mining at a lower cost, and once the price of bitcoin rises again, the income will also rise sharply.LLGO has the bitcoin mining machine with the lowest price at present. Investors who want to buy bitcoin mining machine must not miss it.

If you want to buy a mining machine in the process of rising Bitcoin price, you must measure the gap between the market price of the mining machine and the factory price. If the gap is too large, you must give up the purchase. At this time, a better way to invest in cryptocurrency mining is to lease mining machines or cloud mining. Therefore, the mining cost is lower, and even if the price of Bitcoin suddenly plummets, investors will not lose money.

· Sell Bitcoin when the price of Bitcoin is higher

Many investors have a common problem. Once they see that the price of bitcoin is falling, they start to sell bitcoin, which seems to be able to stop losses in time. For Bitcoin mining investors, doing so would be very foolish.Remember, investing in Bitcoin mining is a long-term investment and we expect higher returns over a long period of time.

Remember, investing in Bitcoin mining is a long-term investment, and we expect higher returns over a long period of time. If you are not in financial hardship, then you should not sell bitcoin when the price of bitcoin is falling.

The laws of history have proved that although the price of Bitcoin fluctuates greatly, it is always on an upward trend in terms of long-term development. That is to say, even if the price of Bitcoin falls temporarily, it will inevitably meet an unexpectedly high price in the near future. Watch for a period of time when high prices occur, and sell when profits are high.

Don't try to wait until the Bitcoin price peaks before selling, because you can never accurately judge where the Bitcoin price peak is. So we say that curbing your greed is the secret to investing in Bitcoin mining.

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BTC
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Issue amount 21000000
24 hours volume 972.49K
24 hours turnover $ 68.19B
Market Direction Short
Panic Index 80 (Extremely greedy)
Swap Rate 4.94%
Market Value Proportion 51.42%
market value $ 7,400.40 x 100 million
24 hour increase -1.27%
Computing power 583.67 EH/s
daily output 0.00000150 BTC / T
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
LTC
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Issue amount 84000000
24 hours volume 21.50M
24 hours turnover $ 2.04B
Market Direction Short
Swap Rate 28.92%
Market Value Proportion 0.26%
market value $ 39.56 x 100 million
24 hour increase 11.55%
Computing power 993.69 TH/s
daily output 0.00000367 LTC / M
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
BCH
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Issue amount 21000000
24 hours volume 3.75M
24 hours turnover $ 1.88B
Market Direction Short
Swap Rate 19.06%
Market Value Proportion 0.39%
market value $ 60.16 x 100 million
24 hour increase 9.17%
Computing power 5.29 EH/s
daily output 0.00026007 BCH / T
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
FIL
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Issue amount 2000000000
24 hours volume 134.20M
24 hours turnover $ 1.25B
Market Direction Short
Swap Rate 25.43%
Market Value Proportion 0.18%
market value $ 93.04 x 100 million
24 hour increase 9.07%
Computing power 22.63EiB
daily output 0.00480000 FIL / TiB
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
XCH
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Issue amount 31188181
24 hours volume 619.57K
24 hours turnover $ 26.36M
Market Direction Short
Swap Rate 9.36%
Market Value Proportion 0.01%
market value $ 6.27 x 100 million
24 hour increase 0.70%
Computing power 14912.60839843 PiB
daily output 0.00012111 XCH / TiB
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
ETC
Shut Down
Issue amount 210700000
24 hours volume 31.82M
24 hours turnover $ 799.17M
Market Direction Short
Swap Rate 23.14%
Market Value Proportion 0.33%
market value $ 33.96 x 100 million
24 hour increase 5.99%
Computing power 165.89 TH/s
daily output 0.00009573 ETC / M
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

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