In a room in his apartment, an expert accumulates “rigs”, assemblies of graphics cards generating cryptocurrencies. If its installation remains profitable despite falling prices, the gains have nothing to do with those at the beginning.

This is the worst period to invest, said AFP who prefers to keep his name. If he still covers his expenses, the months when he could generate 17,117.52 dollars per machine are very far.

Heobtained the first rig, acongregation of six graphics cards, in the year of January 2017. Today, he is ready topurchase his seventh. Total amount invested: about 14,835.18 dollars, paid in part with the first gains.

Difficulty of mining

But with the cryptocurrency boom at the end of 2017, of which bitcoin is the best-known example, the number of miners has increased, increasing the competition. To work, many virtual currencies need machines connected to the network. To encourage vocations, new cryptocurrency units are issued to reward minors. But the more these are numerous and the more than received part is weak. More you will be able to know from now.

Cryptocurrency collapse

The fall of bitcoin, which has lost two-thirds of its value since December and caused many other cryptocurrencies in its wake, has indeed not discouraged minors.

On the contrary, according to the a site, the power dedicated to the mining of bitcoins has more than tripled since the time when prices reached their ceiling and the trend seems to continue. On Monday, a “farm” of over 3,000 mining units was launched in Russia.

As a result, profitability collapses. In mid time of December, the reference unit for computing power, THash / second, was able to mine the equivalent of $ 3.84 in one day, against only 25 cents now.

Faced with this, Genesis Mining has offered its customers to rent newer equipment at a reduced price to halve their maintenance costs. A proposition coldly welcomed.

It is not fair! Your first users allowed you to be where you are today. Give a free extension, experts deserve it and you know it, “reacted a customer on Twitter.

Because mining can be expensive. Individuals, who usually focus on other virtual currencies simpler and more accessible than bitcoin, prefer graphics cards, less greedy.

As an EDF agent, he benefits from reduced electricity rates, which allows him to reduce his bill by 90dollars per month and to earn 160 dollars of monthly gains from his cryptominator activity.

Everyone is not equal on this, he admits, noting that at the time his initial investment would still be profitable at conventional rates, but not current prices.

Expect everything

In terms of power consumption, you must add the risks of breakdown, maintenance and hours spent to learn and optimize its installation in the end, hope to enjoy a renewed interest in cryptocurrencies.


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