IQ Mining Monthly GiveAway Here is all you need to know!

Best Binary Options Brokers 2020:
  • Binarium

    Best Binary Broker!
    Perfect for beginners!
    Free Demo Account! Free Trading Education!

  • Binomo

    Only for experienced traders!

IQ Mining

IQ mining was founded at the end of 2020 by a team of experts in blockchain programming and IT engineers. The current members of our altcoins mining team come from different scientific disciplines, but our common faith in cryptocurrencies has brought us together.

IQ Mining is a smart cloud mining service developed for affordable cryptocurrencies mining, meanwhile designed to provide frequent mining payouts within the shortest possible timeframe.

The IQ company continuously maintains mining of several of the most profitable cryptocurrencies in the field using hardware and the power from several large data centers around the world to minimize costs of electric power.

Their professional analysts manage IQ assets to convert in into bitcoin on the most profitable price as of Bitcoin is most liquid cryptocurrency at the moment.

Why use IQMining?

  • $100 worth 7 days free trial option for any contract
  • Daily payouts with instant withdrawals
  • Monthly giveaways with valuable prizes from Apple

Important information

This website is only provided for your general information and is not intended to be relied upon by you in making any investment decisions. You should always combine multiple sources of information and analysis before making an investment and seek independent expert financial advice.

Where we list or describe different products and services, we try to give you the information you need to help you compare them and choose the right product or service for you. We may also have tips and more information to help you compare providers.

Some providers pay us for advertisements or promotions on our website or in emails we may send you. Any commercial agreement we have in place with a provider does not affect how we describe them or their products and services. Sponsored companies are clearly labelled.

Bitcoin Mining – Everything You Should Know In 2020

Bitcoin has a public ledger which is called the blockchain. The process of mining adds new transactions to this public ledger. Why? Well, Bitcoin users need this process because it means that every transaction is securely confirmed and verified while all the users making use of the Bitcoin network has full access to the blockchain – in other words, the Bitcoin ledger. Mining also helps the network figure out which transactions are fair and legit, eliminating any transactions that try to spend money a second time.

So when someone “mines” Bitcoin they are in fact performing a service to all Bitcoin users because they ensure Bitcoin transactions are legitimate. During the process of mining people who mine Bitcoin will complete a new block which means that the miner gets a reward. In 2020 the return for completing a new block was 12.5 Bitcoin, but the reward gets lower with time.

As you can imagine, mining requires a lot of hard work and patience – you do not get Bitcoin mining results quickly. So there’s an obvious analogy with actual, physical mining of metals like gold. Hence using the word “mining” for the computational tasks that generate new Bitcoin.

Choosing your mining equipment

Mining Bitcoin involves very complex calculations which are very computationally intensive. So, choosing the right hardware kit when you mine Bitcoin is really essential. You need to think about a number of specific characteristics when you choose your Bitcoin mining kit.

Hash rates

Perhaps the key aspect of your mining kit choice is this: the hash rate that your mining hardware can sustain. Hash rate is basically the number of crypto calculations that your mining hardware can perform every second. It’s easy to see why a higher hash rate will help you mine coins more quickly – simply because more calculations per second mean that you solve the crypto math required to mine a coin much more quickly. As a result you can quickly complete a block and get your reward for doing so.

Hash functions work like this: whatever input you insert will always give you the same output. So to find a specific output you have to try as many random inputs as you can – as fast as you can. It makes mining competitive and the miner who can process more inputs than other miners will end up getting rewarded faster. So, again, if you can get hardware with a high hash rate you will have an advantage over other miners which means you get more rewards more quickly.

The rate of measurements for hash rates is MH/sec, which is short for megahashes per second. You can also measure hash rates in terms of GH/sec and TH/sec, standing for giga- and terahashes per second respectively. Bitcoin mining hardware have hash rates which can range from a few hundred MH/sec all the way to 10 TH/sec (or 10,000,000 MH/sec).

Cost of energy

There are costs involved with mining Bitcoin, and it’s not just the physical mining hardware you need to worry about. If you can afford powerful hardware you will quickly find you have another headache: the electricity cost associated with driving that hardware because powerful mining hardware consume a lot of power.

When buying hardware you therefore need a close look at the electricity consumption of the kit – work it out in watts and then see how much it will cost you, so that you don’t get a big surprise when you get your next electricity bill. If you don’t you risk spending all your mining profits on electricity – or indeed face making a big loss.

Hash rate alongside energy consumption is a good way to evaluate mining profits. Compare the hashes you can complete in an hour with the cost of electricity per hour (or per day). An easy way to do this is to divide the hash rate of your kit by the watts consumed. It’ll give you a MH/s per watt rate which can guide you, alongside current electricity costs, to find whether your mining kit will produce a profit.

Don’t forget to include extra costs like the computer hardware that drives mining GPUs when you calculate profits – your PC will also consume power on top of the mining hardware that you have.

Bitcoin mining hardware options

When Bitcoin was just released a wide variety of people paid attention as it was a unique idea that people found very liberal. In any case, Bitcoin was very revolutionary compared to the way transactions were processed before: by centralised banks. This self-governing network was outside the remit of financial institutions, tax authorities and other big organisations because it was completely decentralised.

In these early days of Bitcoin less people knew about the cryptocurrency and fewer people were buying and investing in Bitcoin, so the value of Bitcoin was not as high. The result was that it was easy to mine Bitcoin which meant that there were many miners interested in mining Bitcoin for profit, but they were also interested in Bitcoin because it was such an incredible, novel idea. Back then, mining Bitcoin required the use of basic computing power – even a laptop was enough, or a powerful desktop computer.

Through this process of mining Bitcoin with laptop and desktop computers people started realising that GPUs (graphics cards) were capable of really boosting Bitcoin mining ability. GPUs are well-suited for Bitcoin mining: GPUs consume less power than a computer CPU dedicated to mining and GPUs can mine at 50 to 100 times the rate.

As a result dedicated devices which were custom-designed for mining was introduced to the market. Mining capabilities multiplied and this lead to an interesting development: Bitcoin mining farms which were effectively profit centres – and which led to the development of a more formal industry dedicated to mining Bitcoin.

Over time Bitcoin mining has become very profitable and a lot of serious miners operate very large Bitcion mining farms that generate a lot of money. It’s a mix of hardware involved in these mining farms – including GPUs alongside powerful coolers to keep temperature down. Electricity is a big problem for these operations but in some countries electricity prices are low and this is why mining farms have concentrated in places with cheap electricity.

Unfortunately, it does mean that to mine Bitcoin you are up against very capable mining operations with a lot of capital behind them – it’s basically a competition against big companies around the globe that have a lot of money to spend. There are still countless individual Bitcoin miners too – and they tend to collaborate for profit by joining Bitcoin mining pools.

Choosing a CPU

As much as a CPU is really central to your computer it is not in fact the most important part in a Bitcoin mining rig. Yes, back when Bitcoin just launched you could mine using a CPU alone and you could do it profitably as long as your PC’s CPU had enough power.

Miners worked hard to maximise their profits however so the result is that they tried different types of hardware for mining. They quickly found that CPUs are not the best options for mining Bitcoin. You still need to use a CPU to power your PC that runs the mining rig, but your CPU will take decades to mine a meaningful amount of Bitcoin.

GPUs for mining

There are a lot of different uses for GPUs, or graphics processing units – ranging from playing advanced 3D games through to doing 3D rendering. In fact, the original design remit for GPUs were the ability to calculate the math that allows top-end video games to look as good as they do. However, by coincidence, this also meant that GPUs are excellent tools for performing hashing functions. And, as we know, hashing is key to solving the crypto puzzles that solve blocks of Bitcoin transactions.

GPUs are not cheap, at several hundred dollars each, but there is a huge advantage for GPUs over CPUs when it comes to hashing. A good GPU could easily hash at hundred times the rate of a top-end CPU. This fact led to the rise of what is called a mining rig: a basic computer linked to a large number of GPUs – all dedicated to mining and to mine so as fast as possible. However, some people used these machines in a mixed-use configuration, for example playing 3D games at certain times while mining when they’re not gaming.

However bad news for GPU mining surfaced quickly: today you cannot really mine Bitcoin profitably using GPUs. To cut a long story short, the more powerful mining equipment becomes the more difficult it becomes to mine Bitcoin. The result is that GPUs can no longer effectively mine Bitcoin compared to alternatives – which we’ll talk about below. So, you won’t make your money back in capital and electricity spend if you use a GPU to mine Bitcoin.

FPGAs in Bitcoin mining

GPUs were soon succeeded by something called a field programmable gate array, or FPGA. An integrated circuit, FPGA’s need to be configured after they are built but it does mean that a company which builds mining kit can buy a lot of FPGA and then set these up to be excellent at mining Bitcoin. FPGAs turned out to be a great option for mining Bitcoin and it changed the parameters for Bitcoin mining – removing GPUs from the playing field.

In fact, FPGA mining rigs were the first mining kit which used hardware specifically designed for Bitcoin mining, and which could only be used to mine Bitcoin. In one key development it was quickly found that FPGA’s used a lot less power than GPUs – in fact, for the same hash rate, an FPGA could use less than 20% of the power of a GPU – which means mining operations were a lot more profitable.

What are ASICs?

The final stage in the Bitcoin mining arms race, application-specific integrated circuits or ASICs were chips designed from the ground up to mine Bitcoin. You can’t program an ASIC, it’s functionality is printed into its circuits and in the case of Bitcoin mining rigs ASICs could only be used to mine Bitcoin. Good ASICs could mine at 100 times the rate while using less electricity. At this stage there is no replacement technology for ASICs on the horizon, so ASICs remain the fastest way to mine Bitcoin for the foreseeable future.

Of course, a custom-designed chip will be time consuming to make and fairly expensive. However this expense does come with results – a top of the line miner from a company such as AntMiner can get you to hash rates which are in the terahashes per second range – easily over 10TH/sec. The price? Over a thousand dollars. You get cheaper solutions too but the speed will be less.

Working out mining profitability

Getting your mining profits right is difficult and it does depend on hardware choice which is why mining beginners can find the choice of hardware a bit overwhelming to cope with. Getting your hardware choice right will determine you profits so you need to be able to calculate profitability to cover the cost of the hardware as well as the electricity you are consuming. It’s important that you make this calculation before you spend money on hardware because your hardware can be difficult to resell.

Thankfully you can consult a pre-built calculator to help you – two options include BTC Mining Profit Calculator, which lets you add facts like the price you are paying for your hardware plus the hash rate you are achieving alongside the electricity you consume – it then takes the current price of Bitcoin and tells you whether your investment will reap rewards – or just end up costing you money. Another calculator you can try is the one from Genesis Block.

Choosing mining software

Thought choosing mining hardware will be difficult? You have even more choices to make – this time around the software you use for mining. You don’t need mining software for all types of mining rigs but you probably will – GPUs and FPGAs also need you to make available a computer you can use for mining, which acts as host for Bitcoin’s client plus the mining software you choose to use.

Why a Bitcoin client and mining software? Well, the Bitcoin client connects your miner to the bitcoin network and the mining software is the application which utilises your mining hardware to solve cryptography puzzles in order to solve transaction blocks – which of course is what you are rewarded for.

ASIC system can be pre-configured with software, they could even include a Bitcoin address that’s ready to use. All you need to do is plug your ASIC miner into a socket and get started. Older ASIC rigs however needed separate software to get them going.

Which are the most popular Bitcoin mining software options? We think you should check out one of these five solutions, depending on your exact needs:

  • Bitcoin Miner. It does what it says on the tin and is easy to use while offering a power saving mode as well as support for mining pools. This app is know for its ability to quickly submit shares and it also helps you to generate a profit report. For OS X or Windows.
  • RPC Miner. If you’re a Mac user you will like RPC Miner because it closely integrates with OS X and the APIs in OS X – alongside OS X’s subsystems.
  • CGMiner. Supporting Linux, OS X and Windows, CGMiner comes with extra features including the ability to control fan speed alongside remote control. It detects new blocks on its own thanks to an internal database and supports both CPU and GPU mining, with support for multiple GPUs.
  • BFGMiner. Need something that is designed for ASICs? Consider BFGMiner which is very similar to CGMiner except for the fact that it support ASICS. It also works across all the major PC operating systems.
  • EasyMiner. With useful performance graphs EasyMiner is a great solution if you want support for a range of mining protocols. It can work in either solo or pool mode and is available for Linux and OS X.

Understanding mining pools

The computer resources required to mine Bitcoin has increased to the extent that successfully mining Bitcoin now requires you to compete against organisations with a lot of money, and which can set up big mining farms. So it is hard to mine solo and one of the ways to improve your ability to mine Bitcoin is for you to join a pool of Bitcoin miners.

When pooling your mining efforts you basically give your computing resources to the collective mining effort so that blocks can be found faster, which means rewards are obtained more quickly. These rewards are then split amongst the people who contribute their computing resources in a way that’s proportional to their contribution. Joining a pool can therefore make your mining income more streamlined as you’ll get paid more quickly – even if the individual payments could be small.

It’s easy to join a pool, you sign up just like you would sign up with any other website – by creating an account. You then add a worker – or multiple workers if you have multiple rigs – and attach the workers to your hardware rigs. Keep in mind that pools charge for their services so you could loose between one percent and ten percent of your mining rewards. Some pools charge no money whatsoever.

Can you profitably mine Bitcoin?

The profits you can generate when mining Bitcoin has rapidly changed over the years as Bitcoin itself has become more valuable, while the difficulty of mining Bitcoin has increased exponentially. The early enthusiasts who used CPUs to mine Bitcoin will now no longer be able to make any money out of doing so, instead the game is in the hands of people who operate enterprise-scale mining ventures.

So in essence the easily obtainable Bitcoins were mined long ago so today mining is incredibly hard, like trying to find diamonds. The increasing value and popular appeal of Bitcoin has also drawn a lot of new players into the Bitcoin mining scene which makes the competition for mining new coins even tougher – it means that you simply need more and more powerful computing resources to mine a coin.

Specialised mining gear is now key

It’s not that you can’t mine – it just means that to make a profit you now need fairly specialised Bitcoin mining gear. Individuals trying to mine will often find that they simply spend more on the electricity they use to mine than what they get in return for mining. In part, access to cheap electricity is key to mining Bitcoin successfully today and so is scale – the ability to put together a very large mining operation.

People who mine at home also need to cope with all sorts of issues ranging from the power going out through to hardware that breaks down and getting disconnected from the internet – not to mention crashed in the price of Bitcoin, which happen occasionally. It really is very difficult for people to mine Bitcoin at home and make any money at all.

That doesn’t mean that the mining at home proposition won’t change: ASICs are becoming better and better while the software that handles the hardware is also becoming more capable. In the future all these factors could change so that individuals can again mine Bitcoin at home – which would be a good thing because it supports the decentralised aspect of Bitcoin. In other words, people mining Bitcoin at home prevents all the power from accumulating with a few large players.

What you need to know about Bitcoin cloud mining

There is an alternative to mining Bitcoin using your own equipment. It’s known as cloud mining, and it operates on a principal similar to other cloud services. Instead of owning your own computer equipment you “rent” mining capabilities from someone else. It’s a bit like buying a mining contract and in doing so you will be sharing in the vast computing capabilities of the company you contract with.

Without a doubt Bitcoin cloud mining can be easier than trying to do it with your own hardware because there’s no need to worry about software, internet bandwidth or the cost of electricity. And, of course, you don’t have to pay for the hardware either. All you need is an internet connection and ideally your own Bitcoin wallet to keep your coins locally.

Note though that when you’re outsourcing your mining activity to a cloud mining provider you will take a degree of risk. You hand over almost all control to the cloud mining vendor. That’s why choose only reputable cloud mining providers like IQMining.

Everything you need to know about mining Ethereum

Lots of people have jumped in and used their computer resources or purchased hardware so that they can mine Ethereum (ETH). If you’re thinking of starting an Ethereum mining operation read this article to learn all you need to know about mining ETH and about the different options you have for ETH mining software.

Ethereum: the basics

Mining for cryptocurrencies has changed a lot over the years, and that’s the case for Ethereum too. It used to be techies who mined cryptocurrency – in part because they had the skill to easily do so – but also because technically minded people have an interest in difficult to use software, like cryptocurrency mining apps. However, cryptocurrency mining software is now much easier to use so it is very possible for the average person to mine cryptocurrency.

Even the most complex CLI (command line interface) software for mining has now become much easier to use, while there are also plenty of GUI (graphical user interface) options that makes mining ETH a matter of pointing and clicking.

Mining ETH is just like mining BTC

Bitcoin (BTC) and Ethereum works in similar ways and as a result mining ETH and BTC is quite similar too. The goal is to make sure the currency is decentralised. As a result cryptocurrency networks require a large network of computers to process transactions.

Mining is the process by which computers validate the transactions of cryptocurrency users on the cryptocurrency blockchain. It is done using a complex cryptography algorithm and the process is called proof of work.

Anyone can contribute computing power to enable the validation of transactions and you get a reward for doing so. You get a couple of ETH coins for the block you validate and there is another reward too – something called “gas” which is similar to a transaction fee.

Mining difficulty grows and ASICs becomes popular

However over time it becomes more difficult to solve these blocks. This difficulty is measured by the “hash rate”. Though, as the “hash rate” for ETH has gone up, the price of ETH has also gone up over the years. However, a big drop in the value of Ethereum in 2020 did not see an equal decline in “hash rate” – instead, the hash rate for Ethereum remained high.

Why did the ETH hash rate stay high? In part because more and more people tried solving for transaction blocks and in part because the mining hardware used by people (or indeed large groups of people) became more powerful and able to solve blocks much more quickly. For example, application-specific integrated circuits entered the mining scene. These ASICs made for much more powerful mining machines.

In fact, ASICs are so powerful and relatively hard to buy that many people think the mining power that’s increasingly concentrated in the hands of a small group of ASIC owners has meant that ETH is becoming less decentralised than it used to be. There has been some questions around what can be done to prevent concentration of power over the network in the hands of a few groups of powerful miners – but the necessary changes to the ETH proof of work mechanism has not yet been made.

You can still mine ETH without the use of specialist ASICs, but you will need a powerful GPU. In other words, a solid gaming card from Nvidia or AMD. You also need an up to date computer to run the mining software.

Why mining ETH is worth the hassle

It’s clearly no longer all that easy to mine ETH and you have other cryptocurrencies you can investigate too. Besides, you could always buy ETH from an exchange, right? However mining Ethereum has its benefits. For starters, you won’t take much of a risk if you only mine a little bit of ETH as a hobby – you just use your existing GPU. It’s an easy way to join the cryptocurrency craze and make some money.

However, mining ETH has a deeper meaning – by mining you indicate that you support the values behind ETH as your mining activity helps ETH stay stable and ensures that it remains decentralised. Besides, the profits you make from a little bit of hobby ETH mining could easily pay for more serious mining equipment – and the opportunity to mine significant amounts of ETH.

The basics of Ethereum mining

Like we said, you no longer require a computer engineering degree to start mining ETH. It’s really simple nowadays. You need to take care of three important aspects.

Getting a mining rig

The hardware you pick to mine ETH is really what determines how much ETH you will mine, and how much profit you will make. You start off with a basic computer which is really just like any other PC you would use. You need a CPU, ample memory, cooling and a power supply (PSU) that has enough power to drive your GPUs.

You will need a GPU (or indeed an ASIC board) if you want to mine any significant amount of ETH. Consider something like an Nvidia GTX 1070ti or above, high-end GPUs from AMD will also work. Always update your GPU firmware and drivers and try and buy a PSU that is efficient: an efficient PSU can reduce your mining electricity bill and could help you get a bit more speed out of your GPU.

All-in-all you want the most powerful hardware you can afford to achieve high hash rates, but at the same time achieve these high hash rates using the minimum amount of electricity. Eventually you could conclude that a PC + GPU will only take you so far, and that you should really buy a separate, dedicated mining rig.

Configure an ETH wallet and mining software

There are plenty of ways to set up a crypto wallet, you might even find that your mining software includes a wallet. If you want to keep your newly minted ETH as safe as possible you should really use your own wallet. MEW or MyEtherWallet is a good choice and it’s free to use, all you need is a standard web browser.

If you’re a beginner you might want to choose a GUI mining software package that makes it easy to mine ETH. Note however that GUI mining software is generally not as versatile as the CLI equivalent, but for many people typing commands into a CLI can be too difficult when starting.

Choosing between CLI and GUI should really be based on what you think your technical abilities are. If you are comfortable with Linux-style command line inputs you’ll be just fine with a CLI tool and you’ll enjoy the advanced functionality these tools bring. On the other hand if you’re just starting with mining try the GUI tool we recommend.

Your command line (CLI) choices

In terms of CLI tools we recommend either Claymore’s Dual Ethereum Miner or EthMiner. You could also try PhoenixMiner. However all three these tools will require you to create your own config files so you need to be comfortable doing that.

    Claymore. Many people consider Claymore to be the best ETH mining tool out there, in part because it delivers high profits while it also offers a lot of control over your hardware. You
    can also mine different coins with Claymore, not just ETH.

EthMiner. It’s similar to Geth really and makes use of simple code that uses little resources. You can mine any coin that is based on ETHash including for example ETH Classic. It’s trickier to get going compared to Claymore, however.

  • PhoenixMiner. Claymore is popular but some people say that PhoenixMiner is really more stable and that it is overall a more efficient way to mine ETH compared to Claymore.
  • CLI tools can be difficult to use but you can always consult the broad communities supporting these tools – but try and pick your tool of choice according to the level of confidence you have in working with CLI alongside your desire to muck around with technical software.

    The graphics user interface (GUI) alternative

    Cudo Miner is possibly the most popular GUI tool for mining ETH. It’s easy to use because you don’t need to know command line commands or the ability to write configuration files, it’s all point and click.

    It lets you mine a range of cryptocurrency including ETH and it can even switch mining efforts dynamically so that you are always mining the most profitable cryptocurrency. Interestingly, with Cudo Miner, you always receive your payment in ETH even if you set Cudo to automatically pick which cryptocurrency it mines.

    Installing Cudo Miner is easy, it works on anything from Windows to Linux through to OS X. In fact, there is very little you need to get going with Cudo Miner as you can start mining with Cudo even before you have a wallet address. All-in-all Cudo Miner can help you find your feet in the world of ETH mining.

    Joining a mining pool

    Mining ETH on your own can be extremely difficult – it will take a single GPU what seems like forever to mine a single block. Proof of work nowadays require a lot of computing power and the best way to mine is to join a mining pool where users join in the effort to solve blocks – resulting in quicker rewards.

    So, instead of waiting for a random process to eventually reward you it’s better to link up with other miners in a mining pool to boost your chances. In fact, if you contribute enough computing power to personally push a high hash rate you could look forward to regular payouts from ETH mining.

    You need to configure your mining software to work with a mining pool but you do get some software solutions which can mine ETH while also linking up with a pool. One of these is but you can also link a CLI tool like Claymore with

    It’s easy to get started

    There used to be a time when mining a cryptocurrency like ETH was a very technical affair. But over the years ETH mining and mining cryptocurrency in the broad has become so much more accessible. It’s hardly any trouble to set up a mining rig, software and your wallet address. Why not try it with your existing GPU to see how it goes?

    Here’s Who Was Responsible for Bitcoin’s (BTC) Historic Price Drop

    Interest per week

    Interest per year

    Best Binary Options Brokers 2020:
    • Binarium

      Best Binary Broker!
      Perfect for beginners!
      Free Demo Account! Free Trading Education!

    • Binomo

      Only for experienced traders!

    While analysts are still trying to wrap their heads around the third biggest sell-off in Bitcoin’s entire history, crypto research firm CoinMetrics has determined that short-time holders were actually responsible for this.

    Weak hands

    In its most recent ‘State of the Network’ report, CoinMetrics noted that long-term hodlers remained on the sidelines of the recent carnage. The 38 price rout was driven by those coins that were held less than twelve months.

    This explains why BTC’s one-year revived supply didn’t see a major spike in March.

    As reported by U.Today, these short-term holders were also selling their coins at a loss.

    Bitcoin becomes undervalued

    Another important tidbit that can be found in the report is that Bitcoin’s market value to realized value (MVRV) slipped below 1.0. On March 12, MVRV witnessed its biggest drop since 2020.

    Speculators no longer value Bitcoin more than holders, and this could be a reliable sign that the flagship cryptocurrency is close to bottoming out.

    MVRV falling to -0.50 in December 2020 coincided with the end of the 85 percent rout.

    About the author

    Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

    Cloud mining Promoted

    Cloud mining Promoted

    Trading Bots Promoted

    Disclaimer: Any financial and market information given on is written for informational purpose only. Conduct your own research by contacting financial experts before making any investment decisions.

    Protected by copyright laws of the United States and international treaties. This website may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the World Wide Web), in whole or in part, is strictly prohibited without the express written permission of Akselerator, LLC

    Bitcoin (BTC) Mining May Be Profitable ‘Above $4000’: Top Analyst Jacob Canfield

    Interest per week

    Interest per year

    Jacob Canfield, trading analyst and founder of SignalProfits analytical service, allayed fears about the unprofitability of Bitcoin (BTC) mining below $8,000. According to him, the crypto king has other shoes to fall.

    Miners, you are welcome in Venezuela, Kuwait, and Uzbekistan

    Yesterday, analysts from the well-known Bitcoin (BTC) mining pool, F2Pool, published their calculations of the break-even price for Bitcoin (BTC) mining with different ASICs. According to them, with the popular Antminer S9, mining is profitable when the orange coin trades above $7,518 while consuming electricity at $0.05/kWh.

    Jacob Canfield highlighted the last words of this prediction. He listed five countries with very cheap electricity and called them the ‘top 5 places to mine Bitcoin’:

    As for the less exotic options, Mr. Canfield is sure that the critical level is $4,000 for the price of Bitcoin (BTC). If it trades above that, mining operations are profitable for ‘many’ entrepreneurs.

    Difficulty rises, break-even price follows

    By the way, with the last mining difficulty adjustment, this indicator surged almost 7% yesterday. With this new input, the owners of Antminer S9 can make profits off their occupation only when the Bitcoin (BTC) price is above $8,037. Also, this adjustment didn’t go unnoticed for the operators of Canaan AvalonMiner 821 as they began bearing losses.

    This adjustment led to a new all-time high of this indicator. It increased by roughly 7%, from 15.48 TH to 16.55 TH while the previous peak was 1 TH lower.

    Best Binary Options Brokers 2020:
    • Binarium

      Best Binary Broker!
      Perfect for beginners!
      Free Demo Account! Free Trading Education!

    • Binomo

      Only for experienced traders!

    Like this post? Please share to your friends:
    How To Choose Binary Options Broker
    Leave a Reply

    ;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: