The most common mistakes when mining cryptocurrency 🧨

🔧 Incorrect choice of equipment

Often the leading criterion in the choice is the popularity and novelty of the device, but the real profit is affected by the hash rate, power consumption and the cost of electricity in the region where you plan to install the ASIC-miner. It is better to calculate the profitability beforehand to estimate the benefit of the purchase. Also, consult with experts or users about the reliability of this or that model of miner. Some models fail more often than others, while others almost never break.

🔧 Impulsiveness of solutions

Knowledge and updating it regularly is one of the main factors for success in mining. To make money from cryptocurrency mining, it is not enough to buy equipment and install the appropriate program — it is important to make your own investment strategy, study all data carefully, and double-check the information.

🔧 Poor security

Fraudsters seek to gain access to personal information to steal cryptocurrency, and it's important for users to keep an eye on their security. Double-check the links they receive, update passwords, enable two-factor authentication, and make backups. It is better to store large sums not in online services, but on backup devices.