Bitcoin is so magical, many people want to know if there is any other way to get Bitcoin besides buying it directly with money? The answer is yes. Bitcoin exists in the digital space of the Internet, hidden in a specific algorithm, so it can be mined by using a networked computer. What everyone calls "mining" is to mine Bitcoin through computer equipment calculations. Those who specialize in finding Bitcoin through "mining" are Bitcoin miners.
On the surface, "mining" is a very simple process. You only need to use a computer to download bitcoin mining tools, and then keep the device running to get bitcoins, and then determine the account information to obtain the ownership of bitcoins. However, Bitcoin has already formulated rules at the beginning of its design, and the algorithmic difficulty of generating new Bitcoins will vary with the speed of Bitcoin generation. In other words, the faster the miners can mine Bitcoin, the more difficult the algorithm will be; conversely, the less difficult it will be. During the Spring Festival, various assets around the world have risen sharply. The price of Bitcoin is like a smashing bamboo. The price stands at 52,000 US dollars and then hits a new high. The cumulative increase in February is as high as 60%, and the total market value surpasses Tencent. Anthony Scaramucci, the founder of a well-known hedge fund, predicted on Wednesday that strong demand and limited supply will boost the price of Bitcoin to nearly double by the end of 2021, to $100,000 per coin.
For miners, naturally, the earlier they mine, the more they can benefit. For now, due to the serious shortage of mining machines, the premium rate has been pulled very high. This is the main reason that restricts miners from acquiring new mining machines. However, it is worth noting that large-scale mining companies continue to increase their weight. With the increase in network difficulty, small and medium miners who lack mining machines may miss this opportunity.
But if you buy high-priced mining machines without thinking, there is indeed a risk of volatility in the Bitcoin market. So in order to seize the new opportunity for rich wealth, for small and medium-sized miners with limited funds, the best choice is to rent mining machines and purchase cloud computing power at the Palm Cloud Mine for mining. Why is it better for small and medium miners to mine in Palm Cloud Mine? Compared with the current high-priced mining machines, the cost of leasing mining machines is lower and the payback period will be shorter. Relatively speaking, the risk will be much lower, which is more suitable for the capital needs of small and medium-sized miners. In any case, although the outside world is particularly optimistic about the trend of Bitcoin, everyone must also do a good job of risk prevention and control. On the other hand, choosing to lease mining machines in the Palm Cloud Mine will allow miners with limited funds to deploy more computing power and obtain higher returns than self-purchased mining machines.