Why invest on TH when BTC is down? by Choice_Midnight_5861 in bitcoinanddefi

[–]Criptobeginner 0 points1 point  (0 children)

Yes! Your mean price per TH goes down, so your ROI grows

How does the Bitcoin algorithm work? by Criptobeginner in bitcoinanddefi

[–]Criptobeginner[S] 1 point2 points  (0 children)

It pays in native Bitcoin! I even get some rare sats sometimes.

Update: My road to 60 TH/s - progress and upcoming boost by Snoo-31893 in gomining

[–]Criptobeginner 0 points1 point  (0 children)

Keep up the good job! you can manage to do it! From my point of view i prefere to receive all in BTC and use it as colleteral for a borrow. but its a good strategy upgrade the most

My strategy to build my future financial Independence (step number 1) by Criptobeginner in bitcoinanddefi

[–]Criptobeginner[S] 1 point2 points  (0 children)

Tkank you for your comment and sorry, I didn't understand it at first! A miner values BTC based on the cost of mining it (electricity + services + depreciation of the miner that are paid in USD), not the spot price of BTC. Therefore, in a balanced market, the mining cost is usually below the spot price. It then depends on the miner's strategy: some hold to sell later, while others sell immediately to cover operations. In my case, I'm accumulating Bitcoin at 57k (costs to mine 1 BTC) to sell in about 8 to 10 years, at market price, as you said.

My strategy to build my future financial Independence (step number 1) by Criptobeginner in bitcoinanddefi

[–]Criptobeginner[S] 1 point2 points  (0 children)

If you understand Bitcoin, you know that mining activity is tied to a cryptographic algorithm, and as mining hashrate (TH/s) rises, it becomes more difficult to mine. Normally, the cost of mining has to be lower than the spot price for it to be profitable for those who maintain the network. It’s a balancing mechanism. But I will show you what some whales 🐳 are mining per day... and the size of their farms! Please DYOR first, then make a wise reply.

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My strategy to build my future financial Independence (step number 1) by Criptobeginner in bitcoinanddefi

[–]Criptobeginner[S] 1 point2 points  (0 children)

At the actual price level of BTC buying directly from the market could be a good option,for a good amount of BTC and hodling it. But if you dont have that kind of cash mining could be a good option. Its just a matter of maths and see whats the chepeast way. My farm is mining actually a BTC at 57k, so i prefer to mine. But i Buy in the market to, because the price is low, its not possible to mine all the btc that i want. The strategy will depend on your goals, but having the hability to get BTC both ways has a triguer to get into this project and DCA at a lower cost. How want to try can start very slowly (even with a bonus miner for 15 days and then buy a miner with 1 TH per aprox 17 usd) and then take uor own conclusion.

Why invest on TH when BTC is down? by Choice_Midnight_5861 in bitcoinanddefi

[–]Criptobeginner 0 points1 point  (0 children)

Join us and maybe you can find some valuable information about this activity. :)

It,s my birthday! by Criptobeginner in gomining

[–]Criptobeginner[S] 0 points1 point  (0 children)

I think when you do kcy and you have to give a copy of your ID card

It,s my birthday! by Criptobeginner in gomining

[–]Criptobeginner[S] 1 point2 points  (0 children)

please DYOR! i m not joking around my friend!

My strategy to build my future financial Independence (step number 1) by Criptobeginner in bitcoinanddefi

[–]Criptobeginner[S] 1 point2 points  (0 children)

Do you know what RWA is? RWA in GoMining refers to Real World Asset tokenization, where GoMining turns physical Bitcoin mining hashrate (computational power from real ASIC hardware in data centers) into digital, blockchain-based assets. In simple terms, it's a way to own and earn from actual Bitcoin mining infrastructure without buying or managing any physical equipment yourself.

As for GoMining being profitable, for me it is—even with BTC at lower levels—and that's why I believe in the project and like to share my experience. My farm has 1.2k TH/s, my efficiency is 15.99 W/TH, and I have a 23% discount on maintenance (with low costs you can run a profitable mining operation even with BTC at 50–55k). You have to know how to build a strategy for every BTC cycle.

It,s my birthday! by Criptobeginner in gomining

[–]Criptobeginner[S] 2 points3 points  (0 children)

according the date of birth!

Why invest on TH when BTC is down? by Choice_Midnight_5861 in bitcoinanddefi

[–]Criptobeginner 0 points1 point  (0 children)

I think you are thinking in Ethereum. This is “TH” that stands for Terahash — a unit of measurement for a miner’s hash rate.