As Mining Margins Fall, Profits Head Underground with Ice Rock Mining

in #cryptocurrency7 years ago

As Cryptocurrencies have become more popular, the profit margin on mining them has dramatically shrunk.
The level of difficulty has increased exponentially which in turn incurs more costs.

However, the profit margins can be increased from significantly lowering the expense of electricity to mine, as well as cutting out other side expenses.

But, it is not always that easy to directly profit from mining done on your own accord.

There does seem to be a way though for those interested in mining to get in on this facet of cryptocurrency.

It comes from Ice Rock Mining who have an interesting approach to minting new cryptocurrency coins.

Ice Rock Mining is using an old Soviet Bunker, situated in Kazakhstan, to set up a large mining operation that it believes will be able to efficiently mint different cryptocurrencies at a cheaper rate.

Thanks for reading.

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