Hey everyone so today was a rough day in the crypto world, many people were a bit worried but you cant blame the people that are cashing out right now just in time for the holidays.
So if the price of bitcoin decreases will mining still be profitable?
I believe so even though the dollar amount is less when bitcoin is down, you are still mining the same terahash rate which eventually will rise once this dip moves on.
You see there will be days like this where you wont be earning the same amount of bitcoin than the previous day.
I talk to a few people about bitcoin mining and they think very short term looking for quick profits, which is the wrong way to look at this crypto game.
Yes, you can make money in a short amount of time but you have to be patient and play your cards just right to do so.
I feel like most people in crypto are just after the profit and don't really believe in the technology long term.
But hey one day patience along with some risk will pay off.
Also good news from Hashflare today with the 2.0 plans.
With so much growth it was the right move on their part to update their servers, website and fix all the problems that they were having with withdrawals.
Great to see a company that wants to continue improving their operations for the sake of the customers.
2018 will be an exciting year for sure!
You can read more about Hashflare 2.0 on their blog here: https://blog.hashflare.io/hashflare-2-0-to-infinity-and-beyond-bc735053936a
Helpful Links:
➡️Buy Bitcoin and another cryptocurrency fast and secure with Coinbase: http://bit.ly/2xLOQnk
➡️Mine bitcoin and other crypto with cloud mining:
➡️Genesis Mining: https://www.genesis-mining.com/ Use code "j1W0VI" and get 3% off every purchase on Genesis Mining!
➡️Calculate Return on invest on mining contracts with this Calc:
https://www.coinwarz.com/calculators/bitcoin-mining-calculator/?
➡️Want to grow your bitcoin with the top Lending platform?
Use Bitconnect: https://bitconnect.co/?ref=rafael10
Disclaimer I am not a financial advisor do what you wish with your money.
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