It has been nearly 10 years since Bitcoin was born in 2010. There are two ways for us to obtain bitcoins; the first is to buy bitcoins directly and the easiest way to obtain bitcoins is to buy directly from exchanges. The second way to obtain it is mining. It takes a long time to obtain bitcoins from mining. Relatively speaking, the investment cost and risk are much lower. Mining belongs to the primary market and is more cost-effective.
Since the introduction of Bitcoin, the price of the currency has fluctuated greatly. It is difficult to control the cost of buying a currency. This is also the biggest risk. For example, at the beginning of the 20th century, when the price of the currency fell to a periodical trough, it cost $3,800, or 28,000 yuan per coin, but this kind of market is hard to come by. In the second half of the year, it has rebounded to about 11,000 US dollars, or 78,000 yuan per coin, and the total amount of Bitcoin is limited. In the long run, the price of the secondary market will continue to rise. If you want to profit directly from the transaction price difference, in addition to having considerable knowledge reserves of blockchain technology and bitcoin products, you must also follow the bitcoin trading market for a long time, and have a keen judgment on price trends. Your long-term and short-term operation skills, after all, it is difficult to make the difference.
Compared with buying a mining machine, you don’t need to bother to study the performance of the hardware, and you don’t have to worry about various problems caused by the operation and maintenance of the mining machine and the obsolescence of the mining machine. You only need to rent the computing power on the platform and pay the electricity bill And a certain percentage of the mining machine hosting operation and maintenance costs, you can start mining.
The cost of digging a coin is currently around 40,000. Relative to the price of the coin, there is still a lot of space. The figure below for digging a coin saves worry and effort.
