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    Thread: I have tried everything, but the energy consumption is way too much

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      PALM is offline
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      I have tried everything, but the energy consumption is way too much

      For some time now, I have been looking to increase my bitcoin mining profits. I mean how do you mine to make sure that your input cost is the lowest and the profits are maximum? I have tried everything, but the energy consumption is way too much.

      There is this new project called Pieta Ecosystem which is using solar energy for crypto mining. I have read the project whitepaper and talked to the team as well, and it looks promising the way these guys are going about it. They are soon planning to launch the first version of the mining platform for btc and eth. I would very much like to try it. What about you?

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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      Mr. Cid is offline
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      Bitcoin mining is really expensive at this point. Your electricity consumption would increase and you have to do some maintenance stuff to make profits.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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      sashavich04 is offline
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      For mining you either need very cheap electricity or economic scale to make things efficient. If you don't have either it's usually not worth the time/effort or may actually cost you money.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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      Newbie_trader is offline
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      Crypto mining is highly dependent on electricity. There's no way you can control its electricity consumption. You could transfer to another location where the energy cost is cheap.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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      darexgeorgieviya04 is offline
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      There are several factors that determine whether bitcoin mining is still a profitable venture. These include the cost of the electricity to power the computer system (cost of electricity), the availability and price of the computer system, and the difficulty in providing the services. Difficulty is measured in the hashes per second of the Bitcoin validation transaction

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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      Trader_Rob is offline
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      I really believe that Bitcoin mining is only profitable for investors with huge investment. Mining really costs a lot thus if you are simply joining a pool, it won't seem to be as profitable. I will still prefer trading.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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      Aya is offline
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      Quote Originally Posted by PALM View Post
      For some time now, I have been looking to increase my bitcoin mining profits. I mean how do you mine to make sure that your input cost is the lowest and the profits are maximum? I have tried everything, but the energy consumption is way too much.

      There is this new project called Pieta Ecosystem which is using solar energy for crypto mining. I have read the project whitepaper and talked to the team as well, and it looks promising the way these guys are going about it. They are soon planning to launch the first version of the mining platform for btc and eth. I would very much like to try it. What about you?
      That project is interesting! I'd like to give it a try as well if it pushes through. At the time being, it really is costly to mine crypto coins so projects like this one could make it easier for us.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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      Sendo12 is offline
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      Quote Originally Posted by Aya View Post
      That project is interesting! I'd like to give it a try as well if it pushes through. At the time being, it really is costly to mine crypto coins so projects like this one could make it easier for us.
      This could really be a huge help. Bitcoin mining is definitely costly and has high energy consumption so this project seems to be promising.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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