Bitcoin mining on sale but is it worth it hashflare lowers their prices
Well boys and girls. I am not going to sugar coat this for you. This mining update is not good. It is so bad, I am not even going to give a giggity for taken a pounding. Even if the price for bitcoin does not show it today, remember, your still making bitcoin. Find comfort in that.
The price will recover and even now is up. The daily payout for your mining looks low because of the way hashflare pays out to you. You are paid in bitcoin, which is great because regardless of the current price you are still making bitcoin. But, remember that your maintenance fee is a set price at. When the bitcoin price gets low like now, it will take more bitcoin to pay the set fee.
This is both good and bad. When the bitcoin price is low, your payout will be lower. However, when the price of bitcoin raises and rebounds, the amount of bitcoin used for the fee is lower. This does add insult to injury it feels like.
Price is down, and you lose more to the maintenance fee. Your paid in bitcoin. This insulates you somewhat from the daily fluctuations of the bitcoin price. Be prudent and hold the line. In any investing, its never smart to sell low. The price will rebound and when it does, you have all the bitcoin you have collected during the down price, to then potentially sell during when the price goes up.
A couple months ago bitcoin was worth 20K USD per coin. You would hate yourself if you sold now and missed the roller coast ride back up. Prev What is the bitcoin mining on sale but is it worth it hashflare lowers their prices investment strategy? Next What is the best cloud mining company?
Cloud Mining is the process of bitcoin mining utilizing a remote datacenter with shared processing power. Users of hosted Mining equipment can either lease a physical mining server or a Virtual private server and install mining software on the machine.
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