The institutionalization of BTC: Mining may be more profitable than buying
Regardless of Bitcoin’s price or future economic scenarios, Bitcoin mining will be a profitable activity. For years, institutional investors have been watching Bitcoin from afar with bewilderment and amusement, but with little to no participation. Although they were attracted by the high returns, they were scared away by Bitcoin’s infancy, lack of rules and the myriad headlines warning of hacks, bankruptcies and scams. In its early years, Bitcoin (BTC) lacked the on- and off-ramps required for most institutional investors, making it virtually impossible to get approved by any corporate....
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Bitmain’s path toward a public listing can tell us a lot about the institutionalization of the Bitcoin mining industry at large.
All markets are cyclical, and the cryptocurrency markets are no different. At the height of the crypto bubble in 2017, everyone wanted to get into Bitcoin. People scrambled to buy the asset and altcoins on exchanges like CoinEx, while others took the mining approach by contributing to the underlying blockchain network. But as the bullish cycle ended, crypto mining became less profitable, and services like cloud mining disappeared. However, mining digital assets have become profitable […]
Time is ticking as Bitcoin's mining difficulty increases endlessly, as miners of all types dash to purchase the latest mining hardware. But is this all still profitable for the average miner? As the difficulty approaches 1,500,000,000, many miners are left in the dust. Cloud mining, such as cex.io, will never break even at all, making a maximum of 0.02 BTC, with hopes of reselling it back into the market, hopeless. Altcoins, the land of pumps, and dumps. As new altcoins popup every single day, should miners turn away from Bitcoin, leaving behind their ASICs and begin mining scrypt coins?....
What would you do with your money, buy bitcoins or buy miners? If you are considering buying miners, you have also probably thought about buying a mining contract. So, which of the three is best for you? This is not an easy question and is one that almost all Bitcoiner’s face. It depends on a lot of factors: how much you want to spend, where you live and what are your interests. So, let’s say you have $500 and we will compare options. Although mining is theoretically more profitable, there are several reasons why it may not be for you. Mining bitcoins is not the most difficult task, many....
With multiple XRP price predictions flying around, it may actually be time to start buying. Although these XRP predictions aren’t foolproof, historical data has shown the best time to start buying XRP in order to catch the most profitable time of year for the altcoin. The Most Profitable Quarter For XRP Price Looking through the […]