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With the decrease in the profitability of cryptocurrency mining , and trading being as risky as ever , people are looking for new ways to invest their Bitcoins. This has created a demand for companies such as CoinsCrypt , which offer to take the risks from the users onto themselves, and still deliver a profit. Large companies take over mining
Ever since the launch of the Bitcoin network in early 2009, mining has been its defining characteristic. Calculating hashes on their CPUs at first, and then moving on to more specialized ASIC equipment, miners would ensure the propagation of fast and secure payments through the network, and receive Bitcoin rewards in return.
People quickly figured out how to turn the process into a viable business, which lead to the appearance of big players. They would invest in professional rigs , boasting a level of computational power unavailable to the simple PCs of amateur miners.
Even larger players still have began setting up vast mining farms in regions of the world with the lowest electricity costs, benefitting from economies of scale.
Now, mining is becoming less accessible to regular people. It is only profitable if you’re willing to invest very substantial amounts of money in highly specialized equipment, and even then, it is still risky. Risky Bitcoin trading
On the other hand, we have Bitcoin trading, which appeared along with mining. Just as the miners were generating new coins, they had to trade them for fiat currencies in order to recoup their equipment investments, and operational […]
