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8 Mining Strategies that help you not to lose profitability in bitcoin mining

2. Keep upgrading your #mining devices with more energy-efficient ones
#Bitcoin price increased 89 times from $220 in Aug 2015 to $19500 in Dec 2017. But network difficulty increased 120 times in this period. Mining profit always decreasing even in #bullish market

Learn More: https://bit.ly/2Pg3L43

#8miningstrategies #bitcoinmining #cryptomining #cryptocurrencies

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@crytechmining
8 Mining Strategies that help you not to lose profitability in bitcoin mining

3. Buy mining devices when Bitcoin price is in retracement

The price of mining devices is highly dependent on the price of #cryptocurrencies. When Bitcoin reached $ 3,000 by the end of 2018, the price of #ASIC miners fell sharply, even more than #bitcoin, and provided the best opportunity to buy miners. Again when bitcoin jumped from $ 3,000 to $ 14,000 in June 2019, miner prices jumped more than six times.

Learn More: https://medium.com/crytechmining/8-mining-strategies-that-help-you-not-to-lose-profitability-in-bitcoin-mining-49ac4442eef1

#8miningstrategies #bitcoinmining #cryptomining #cryptocurrencies

@crytechmining
8 Mining Strategies that help you not to lose profitability in bitcoin mining

4. Don't overlook #BCH and #BSV
Your #bitcoinmining device can mine #BCH and #BSV too which can earn up to 10% more revenue. Use an auto-switch tool to switch to most profitable coin. #poolin pool supports auto-switch. awesomeminer.com and minerstat.com also gives you this feature.
Learn More: https://medium.com/crytechmining/8-mining-strategies-that-help-you-not-to-lose-profitability-in-bitcoin-mining-49ac4442eef1

#8miningstrategies #bitcoinmining #cryptomining #cryptocurrencies

@crytechmining
8 Mining Strategies that help you not to lose profitability in bitcoin mining

5. Keep an eye on #Halving

In May 2020, the third #bitcoinHalving will occur and the mining bonus will be reduced from 12.5 #bitcoin per 10 minutes to 6.25 bitcoin. This will outdate many mining devices. A miner that is profitable today may not be profitable after Halving. More energy-efficient miners will experience less damage from Halving.

Learn More: https://medium.com/crytechmining/8-mining-strategies-that-help-you-not-to-lose-profitability-in-bitcoin-mining-49ac4442eef1

#8miningstrategies #bitcoinmining #cryptomining #cryptocurrencies

@crytechmining
8 Mining Strategies that help you not to lose profitability in bitcoin mining

6. #AltcoinMining can be more beneficial but it is riskier
Altcoins are much more volatile than #bitcoin, so research well on their future. Don't #invest all your capital in mining one #Altcoin. Altcoins value dropped up to 99% in 2018

Price decreasing or #Halving of an Altcoin affects the #mining of other Altcoins with the same algorithm. For example, #Litecoin, #Verge, #Digibyte, #Doge and etc use the Scrypt algorithm. Litecoin owns most of the #Scrypt #hashrate. LTC Halving happened in Aug 2019, and its mining bonus halved. This led the miners to switch from LTC to other Scrypt algorithm currencies and increase their network difficulty greatly.

Learn More: https://medium.com/crytechmining/8-mining-strategies-that-help-you-not-to-lose-profitability-in-bitcoin-mining-49ac4442eef1

#8miningstrategies #bitcoinmining #cryptomining #cryptocurrencies

@crytechmining
8 Mining Strategies that help you not to lose profitability in bitcoin mining

7. Have a strategy for selling mined currencies or convert them into promising currencies
To get the most out of the mining you need to have a clear strategy for when and how to sell the mined currencies and pay the maintenance costs. This requires researching currencies, their futures, and their price analysis and have at least some technical analysis information. You can hold them or convert them into more promising currencies. Or vice versa if you’re in the bear market, sell the mined coins ASAP.

Learn More: https://medium.com/crytechmining/8-mining-strategies-that-help-you-not-to-lose-profitability-in-bitcoin-mining-49ac4442eef1

#8miningstrategies #bitcoinmining #cryptomining #cryptocurrencies #CRY #mining
8 Mining Strategies that help you not to lose profitability in bitcoin mining

8. Don’t be fooled by mining calculators
Many websites calculate #mining profit but they don't consider infrastructure and monthly costs additional to electricity and hardware, extra power consumption or lower #hashrate of some devices, #difficulty changes, downtimes and etc

Learn More: https://mining.crytech.trade/blog/8-mining-strategies-that-help-you-not-to-lose-profitability-in-bitcoin-mining/

#8miningstrategies #bitcoinmining #cryptomining #cryptocurrencies

@crytechmining
See how good "Moving Average cross" shows us when to buy and sell #bitcoin. Simple and beautiful!
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The future of energy. Energy kites that generate 500kw to 3mw #electricity. $50 cost per megawatt. Interesting!
#bitcoin #mining

@crytechmining
''Everything will be #tokenized and connected by a #blockchain one day.”
Fred Ehrsam
coinbase Co-founder
#cryptocurrency

@crytechmining
A very popular bitcoin price forecast shows us a bright future for #bitcoin by a famous trader, @cryptotraider.
https://www.tradingview.com/chart/BTCUSD/TRHIyhs1-Bitcoin-12-Month-Forecast-Updated/
Crytech at First #Blockchain exhibition in Iran
Speech about #Decentralized #Finance (#DeFi) and how to get a loan by collateralizing your #cryptocurrency