With the development of digital currency, the currency circle has begun to attract more and more investors' attention. It is said that digital currency can not be obtained without mining, and everyone wants to make a profit from mining, or even more. However, we also know that not all those involved in mining can earn money, and some even lose their full wealth. Therefore, some novice investors asked whether it was reliable to mine now? How can novices start mining? Now, follow Xiao Bian to have a look.

Is mining reliable?

The mining advantages lie in:

1. The risk is low. As long as the cost can be controlled well and the scale can be formed, the profit is very rich.

When the currency price rises, the mining income may be slightly lower than the direct speculation, but it can still be earned; When the currency price falls, because the calculation rate does not rise, the excavated currency will exceed the estimate. When the currency price is high, miners can sell the excavated loan currency TX; When the currency price does not meet the psychological expectation, miners can choose to hoard currency and wait for the currency value to recover.

2. Don't worry, just set up the mining procedures and do a good job in daily maintenance to ensure the operation of the mining machine. The trusteeship business of the mine has completely liberated the miners. Many online mining platforms provide all-round trusteeship services. For example, Koala miners can immediately query the profitability every day, waiting for entry.

The disadvantages of mining are:

1. The difficulty of mining increases and the profit declines. For example, Bitcoin's revenue is halved every four years. The mine does not increase its calculation rate, or it faces the reality of declining profits.

2. The early investment in mining includes mining machine, plant, energy consumption and other costs. In particular, the annual electricity charge for one mining machine starts from 6000 yuan, and the expensive one reaches tens of thousands of yuan. The early investment is large.

There are also other factors that affect the mining income, such as soaring calculation rate, falling currency price, system risk, policy, etc., but the risk is far less than speculation.

By the way, you should have known the difference between the two methods. If you have strong anti risk ability and firm long-term plan to hold coins, you can buy coins. If you are an ordinary person, you should dig mines (Bitcoin earners are all mining people). We should pay back the cost first and be happy steadily.

How do novices start mining?

1、 Do well in research

Region: Do a good job of due diligence, depending on the local policy trend, and naturally, what kind of relationship is necessary;

Project: whether it is safe and stable, how about the calculation rate growth rate and damage rate of mining machines, whether the certificates are complete and taxes are paid according to law, and whether it is legal and compliant;

Collaborator: What are the qualifications of the collaborators and whether they can be trusted.

2、 Mining type

There are two types of general mining, one is general mining, the other is cloud mining. Generally, mining is conducted by purchasing equipment and placing it independently. However, this kind of mining involves power supply fees, motherboards, video cards, accessories, noise, heat removal, land occupation and other aspects. It is relatively troublesome, so novices do not recommend it. What we introduced is "cloud mining". Cloud mining means that you can pay for cloud computing power on the platform and then get it for nothing. All other matters are solved by the platform, but the platform selection is very important. The selected platform will accompany you through the bull bear market.

Mining is a long-term and boring task. If you are planning to purchase your own mining machine to mine by yourself, I sincerely suggest that you can experience the mining process on multiple cloud computing platforms.

First of all, you should consider: whether the power cost is cheap enough, which directly determines your return period; Whether the way of purchasing mining machines is reliable enough to prevent buying fake and inferior equipment, and you should learn to identify them yourself; Have you known how to apply the mining machine and connect the ore pool correctly to make profits.

The most important point is, if the mining machine is damaged, whether it can only be returned to the factory for maintenance. If repair may consume a lot of time, it will cause great losses if it coincides with the rising period of the market.

What is the probability of mining machine breakage? I can only say a great probability. The fan of the mine fan is easy to be damaged during transportation, which leads to the failure of automatic shutdown due to equipment temperature; The operating environment also has a great impact on the mining machine, such as dust, sand and stone absorbed by the air inlet. In addition, because the mining machine is in high-speed operation for a long time and does not stop for 24 hours, the power supply of the mining machine is the most vulnerable part. It is better to prepare several backup power supplies.

Speaking of this, I believe you have a certain understanding of whether mining is reliable now and how novices start mining. In general, the mining project is also very popular at present, and everyone wants to make a lot of money from it. However, I also remind investors that after all, investment is accompanied by risks, and there is no guaranteed profit and loss business. Before entering the site, everyone must do a good job in research, risk analysis, etc., to avoid unnecessary losses.