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location Home > News > Details

Can you still make money mining Bitcoin in a bear market?

2022-07-04 10:32

Can you still make money mining Bitcoin in a bear market?

BTC mining.jpg

From the end of 2019 to 2021, Bitcoin investors have witnessed an epic bull market. Some people mine and some people buy coins, and they can get high profits. But after the bear market came, the price of Bitcoin fell, some people have already left the market, and only a few people are still insisting, can mining Bitcoin still make money?

What is the best strategy for Bitcoin mining investors?

BTC mining.jpg

Although many miners have chosen to leave, it must be noted that the Bitcoin mining industry focuses on long-term prospects. Mining in a bear market and selling cryptocurrencies in a bull market are the best strategies for Bitcoin mining investors.

Mining in the bear market, the cost of mining machines and electricity costs are relatively low, and when the bull market comes, the mining income will be very considerable. If we can have low-cost power resources for mining in the bear market, the advantages will be more obvious.

Can you still make money mining Bitcoin in a bear market?

In a bear market, the key for Bitcoin miners to survive is a delicate balance between income and liquidity. A considerable number of miners have to give up this optimal strategy of stockpiling coins in the bear market due to the lack of low-cost power resources.

In the cold winter of currency prices, the survival of small-scale miners mainly depends on whether they have low-cost power resources. After all, the main cost of mining is the cost of electricity.

LLGO has built a number of mining farms to provide bitcoin mining investors with a variety of mining services such as cloud mining, mining machine rental, mining machine hosting, and mining machine sales, fully meeting the different mining needs of miners.

The most important thing is that LLGO can provide miners with low-cost power resources, with electricity prices as low as $0.08/kWh enabling low-cost mining, helping miners withstand the cold winter of currency prices, so as to better welcome the arrival of the cryptocurrency bull market.


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BTC
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Issue amount 21000000
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24 hours turnover $ 68.19B
Market Direction Short
Panic Index 78 (Extremely greedy)
Swap Rate 4.94%
Market Value Proportion 51.42%
market value $ 7,252.66 x 100 million
24 hour increase 0.13%
Computing power 689.95 EH/s
daily output 0.00000075 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.

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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 $ 35.60 x 100 million
24 hour increase -0.19%
Computing power 997.68 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.

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BCH
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Issue amount 21000000
24 hours volume 3.75M
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Market Direction Short
Swap Rate 19.06%
Market Value Proportion 0.39%
market value $ 51.56 x 100 million
24 hour increase -1.30%
Computing power 4.02 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.

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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 $ 59.61 x 100 million
24 hour increase 0.13%
Computing power 22.63EiB
daily output 0.00463229 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 31234162
24 hours volume 619.57K
24 hours turnover $ 26.36M
Market Direction Short
Swap Rate 9.36%
Market Value Proportion 0.01%
market value $ 4.77 x 100 million
24 hour increase -0.75%
Computing power 14912.60839843 PiB
daily output 0.00014691 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
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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 $ 33.42 x 100 million
24 hour increase 0.34%
Computing power 185.86 TH/s
daily output 0.00008892 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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