📎 5 main components of effective mining today
Many people try to make money on mining, but not everyone succeeds in it - someone gets caught by fraudsters, someone loses the invested capital, some people lose interest in the case. How to understand that the mining will be effective for you?
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— "Do not keep all eggs in one basket". Distribute your investment: BTC is certainly one of the most stable crypto currencies, but a small percentage of the initial capital should be invested in other coins as well. For example, Ethereum;
— Properly selected equipment. Calculate the payback and profitability of your devices, and change them to new ones on time;
— Do not invest a lot of money and energy in the extraction of altkoins. They are too unstable, and can fall heavily in value;
— Preparedness for change and the ability to improvise. The same DeFi is now affecting the crypto market, and you can't ignore it;
— Security. Two factor authentications and secure wallets will not increase your profit many times, but will help you save what you already earned 😉