This is the first question that arises when a person gets to know cryptocurrencies. Is it still profitable to mine crypto?
This is what you should consider before buying any equipment:
- Is mining cryptocurrencies legal in your country of residence?
- Do you really have money you can survive without for at least one year?
- What are the electricity costs in your country?
- How will you manage the noise and heat produced by the equipment?
- How are you going to withdraw your money?
- Do you have to pay taxes in your country?
If you plan to trade just ask yourself one question, - “Am I patient enough?”. Because if you are not, then you will sell when the price falls and buy when it rises. You may think that you are not that stupid, but believe me it's all about being patient.
If you have any questions please leave a comment.
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@stamilla very usefull post