So I was thinking of getting 3 antminer s9's for 390 off craigslist. However, I put in all the info needed into cryptocompare.com and it said i would be making negative profit. How can I profit off the miners if my electricity bill outweighs the amount of money I make?
Bitcoin mining is the process through which Bitcoin are generated directly to a Bitcoin Wallet with the help of an Antminer Hardware & other mining device in order to make an individual earn good profits within a short period of time.Join our team & we will be happy to help you with all necessities
Bitcoin's hashrate climbed to an all-time high(ATH)this week touching 166 exahash per 2nd(EH/s)on October 14. Despite the current price rise and also hashrate ATH on Wednesday, just a tiny group of next-generation mining rigs are profiting at present bitcoin exchange prices.
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07-08 20:05 - 'Hit me up to know more about mining with the s9 antminer hardware and get profit after every 24 hits of the bitcoin you mine / Knowing fully well that bitcoin is now the future currency' by /u/gabriel_andrew removed from /r/Bitcoin within 670-680min
09-06 10:45 - 'also if you want to mine some bitcoin in your spare time there's lots of free software to do that. my personal favorite is cudo miner cuz it automatically switches to the most profitable algorithm to mine. Here's a li...' by /u/mistahlightskin removed from /r/Bitcoin within 119-129min
''' also if you want to mine some bitcoin in your spare time there's lots of free software to do that. my personal favorite is cudo miner cuz it automatically switches to the most profitable algorithm to mine. Here's a link if you're interested [[link]2 ''' Context Link Go1dfish undelete link unreddit undelete link Author: mistahlightskin 1: *ww.c**om**er.*o*/?a=A*fpG7rg8 2: *w*.cud*mine*.com/?a***fpG7*g8]^^1 Unknown links are censored to prevent spreading illicit content.
05-26 18:35 - 'As a matter of fact you can start earning formidable profit from bitcoin mining in a short period of one week, ask me how ?ĺl' by /u/ksabastian09 removed from /r/Bitcoin within 123-133min
Bitcoin Bull Runs Always Preceded by 3 Phases of Miner Capitulation
Economists have long suspected a correlation between Bitcoin’s price action and its hash rate. Now, it appears there is a way to predict the market by looking at what happens when Bitcoin’s difficulty is negatively adjusted as hash rate drops. According to a recent analysis performed by PlanB (@100trillionUSD), there appears to be a direct correlation between Bitcoin’s price and its difficulty adjustment cycle. https://preview.redd.it/efmo4uch4ty31.png?width=626&format=png&auto=webp&s=c4d2f99112e019f251240841aaea9e82d202ffb4 Looking at the chart, it is clear that there is a three-phase relationship between Bitcoin’s price action and its mining difficulty. After each all-time high, we can see that mining difficulty gradually increases for a short period (shown as red dots), before slowing down (green and orange dots) and eventually decreasing during each difficulty retargeting period (red dots). The concept here is that the arrows indicate miner capitulation. As we can see, shortly after Bitcoin’s value reaches an all-time high, difficulty tends to reduce while miners capitulate in the subsequent months. This capitulation is at its greatest at the base of every bearish run, as can be demonstrated by the abundance of blue dots (reduced difficulty) After miners capitulate, Bitcoin tends to see a transient price increase, followed again by a negative difficult adjustment during which miners again capitulate (yellow arrows). This again leads to bullish price action, which eventually cools off, leading to a negative difficulty adjustment and subsequent miner capitulation, This proceeds to happen a third time, with this miner capitulation (green arrow) instead leading to Bitcoin reaching a new all-time high. https://preview.redd.it/08zq148s4ty31.png?width=823&format=png&auto=webp&s=f6b10586317f98ce04572bce19347e5d1fbce2a7 Based on the chart, we can see that since late 2018, Bitcoin has already experienced two out of three miner capitulation cycles: the first in December 2019 (red arrow) and the second just recently (yellow arrow). Because of this, if the trend continues for the third time, Bitcoin could be on the cusp of another significant pump in the coming months, whereas the next phase after that could yield another all-time high. Why exactly this pattern occurs remains a mystery, but may have something to do with the release of more powerful, or more efficiency mining equipment. Understandably, as Bitcoin’s price drops, so too does the profitability of Bitcoin mining. However, with the advent of more cost-efficient mining hardware, miners are again given the opportunity to profit, leading to an increase in both the Bitcoin hash rate and mining difficulty until mining once again becomes unprofitable—beginning the cycle anew.
05-04 21:06 - 'Don't fall for those scammer claiming of turning $500 to $5000. Bitcoin Mining Investment is cool, the reason why you can't get such profit is because high volume of people like you are also looking for help. Here we on...' by /u/jamisonwonder removed from /r/Bitcoin within 155-165min
''' Don't fall for those scammer claiming of turning $500 to $5000. Bitcoin Mining Investment is cool, the reason why you can't get such profit is because high volume of people like you are also looking for help. Here we only take 10% of your profits when you invest. Invest 📈 mine $100 to withdraw $500 daily Invest 📈 mine $200 to withdraw $1100 daily Invest 📈 mine $300 to withdraw $1700 daily Invest 📈 mine $400 to withdraw $2200 daily Invest 📈 mine $500 to withdraw $3800 daily Invest 📈 mine $1000 to withdraw $7800 daily No Scam Don't fall for scammers, It takes a lot of hard work and patience to be a millionaire. You must have a BTC wallet, a PC or Android phone Add Me Up If You're INTERESTED now On What'sApp ""+1-404-689-4230"" ''' Context Link Go1dfish undelete link unreddit undelete link Author: jamisonwonder
04-23 21:34 - 'OXBTC will guarantee 90% of the user's principal to prevent users from accidental losses in the downward market, After purchase users can get mining profits and guarantee their principal with low risk and high pro...' (i.redd.it) by /u/lanrecool removed from /r/Bitcoin within 28-38min
OXBTC will guarantee 90% of the user's principal to prevent users from accidental losses in the downward market, After purchase users can get mining profits and guarantee their principal with low risk and high profits. #OXBTC https://www.oxbtc.com (x-post from /r/Bitcoin)
03-10 21:45 - 'Join the Forex trading and bitcoin mining is a life changing investment platform where you can invest a certain amount of commodity and get profit on a weekly and daily basis dm me for more details' by /u/georgeauilar1 removed from /r/unitedkingdom within 14-24min
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