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Can mining still make money in 2022? What are the better mining options?

Can mining still make money in 2022? What are the better mining options?

In the past 12 years, Bitcoin mining has experienced an exciting journey, from mining with a home desktop computer CPU to setting up hundreds of thousands of ASI miners in Iceland, Texas, and other places to mine 24 hours a day without interruption. Will bitcoin mining still be profitable in 2022? 
BTC mining
The reason mining is called mining is a process of putting in great effort to obtain cryptocurrencies such as BTC, LTC, and ETH. In mining, the biggest worry has always been that the difficulty of calculating the security of the blockchain is getting bigger and bigger, but this is indeed the case. To make mining profitable, mining has invested a lot of assets in scientific research and development design, more advanced solution optimization algorithms, and more efficient hardware configuration.

Is mining profitable?

Suppose you believe that Bitcoin will one day be worth millions of dollars or that Bitcoin may become the global reserve currency. In that case, you might think that today's monthly losing business process of mining is well worth the long-term investment.
Once you have calculated each cost and referred to the Bitcoin mining calculation method, it is best to apply the electrical energy cost and the total demand of the Bitcoin use value to conduct a cost analysis report several times to fully understand the profit development potential.
Knowing the breakeven price is crucial, as this will give you an idea of whether your bitcoin mining project investment will pay off and how long it will likely take.
Bitcoin is the trendy digital currency at this stage, but others are already gaining ground. Here are some of the more famous ones on the sales market:
Ethereum (ETH) makes mining increasingly worthwhile. It is capable of running on GPUs and very few application ASICs. By 2021, Ethereum will become an Internet of large and medium-sized miners suitable for certified transactions or the implementation of blockchain smart contracts.
Monero (XMR) has valued personal privacy from the beginning and maintained that privacy in buying and selling. Moreover, the whole mining process is reversed from Bitcoin, as it is ASIC resistant and beneficial for CPU mining, while mining can be carried out on some GPUs. So browsing against a bunch of fast CPUs is an exciting option.
ZCash (ZEC) is another digital currency that values personal privacy, maintaining clarity of buying and selling and keeping data encrypted details safe from prying eyes. Finally, GPUs can be mine, but it can be challenging to make a profit, but ASICs are less popular and relatively easy.

How to choose to mine?

There are two types of general mining, one is ordinary mining and the other is cloud mining. Ordinary mining is buying mining equipment and placing it yourself for mining. Still, this mining involves many aspects such as power supply costs, motherboards, graphics cards, accessories, noise, heat dissipation, and relatively troublesome land occupation.
Before you buy miners, you must first consider whether the cost of electricity is low enough, which directly determines your payback period; whether the channel for buying miners is credible enough to avoid buying shoddy machines, and also Learn to distinguish; whether you already know how to use miners, correctly connect with the mining pool and start earning.
The most crucial point is whether the miners can only be returned to the factory for repairs if damaged. If it is returned to the factory, it will take a lot of time, and it will cause considerable losses in the event of a high market.
So, what is the probability of a miner being damaged? All I can say is a high probability. The miner's fan is easily damaged during transportation, which causes the miner to automatically shut down when the temperature is too high and cannot operate; the operating environment will also significantly impact the miner, such as dust, sand, and gravel inhaled by the air inlet. In addition, because the miners are in high-speed operation for a long time and do not stop 24/7, the power supply of the miners is the most easily damaged part, and it is best to have several backup power supplies.
There is a good saying that mining is not because of money but because mining becomes rich.

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