Is it Still Profitable to Invest in Bitcoin Mining Hardware or Cloud Mining? What do Reports Say?

Written by musharraf | Published 2019/12/12
Tech Story Tags: bitcoin-mining | mining-hardware | future-of-crypto-mining | is-bitcoin-mining-profitable | bitmain | mining-solutions | individual-mining | cloud-mining

TLDR Report by Token Insight covers various aspects of the mining industry from mining hardware efficiency to bitcoin prices, mining profitability and cloud mining. The report also analyzed the mining statistics from various sources and concluded that mining difficulty shot to an all-time high of 12.76 while the average increase in mining difficulty rested at 6.76% per adjustment. It is highly likely that both mining difficulty and network hash rate will hike through the third block halving estimated to occur on 14th May 2020. The most viable option for individual miners now is Cloud mining.via the TL;DR App

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Written by musharraf | Web3 Content Strategist and Writer | Blockchain and Cryptocurrency
Published by HackerNoon on 2019/12/12