Why is mining still relevant in 2020?

[vc_row][vc_column][vc_paragraph text=”Is cryptocurrency mining still profitable today? Well, yes and no.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”It depends on what and how you mine, and your electricity bills may also differ depending on the location of your equipment, or farms.”][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Cryptoassets deserving attention” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Bitcoin (BTC) is no longer the most profitable coin to mine: the difficulty of mining is so high that one’s farms should be stuffed with Juggernaut services in order to get one block. Fortunately, there are altcoins which enables cryptoenthusiats to make profit on mining.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Although mining is not just as cheap and profitable as it used to be a few years ago it is still one of the legal ways to make crypto and get almost passive income.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Miners have become much more intelligent and skilled. They prefer only the most prospective coins since they have spent the precious hash capacity, time and investments on amateu assets with poor sales. Nevertheless, there will always be a sufficient number of enthusiasts to support a new cryptoproject by creating new blocks and confirming transactions in hope of the profit growth.”][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Profitability” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Before we start looking for the most profitable coins let us state what the cryptomining profit consists of:”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Price of the coin. That’s simple – the more expensive the coin is, the more lucrative the mining is. But it only works for short-term investments. If you are patient enough you can mine a promising coin and wait till it’s price starts growing. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Block reward. What makes mining less profitable than it used to be is halving. For instance, the next reduce of BTC block reward will happen in May, and that will make it even less attractive for investors. Another example was the recent Litecoin halving which reduced the reward from 25 to 12,5 LTC.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Block generating volumes. The more blocks are generated by the network, the higher is the block creating reward.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Difficulty of mining and hash speed. The GPU and CPU minings are rather difficult today due to the large number of miners. However, it is still possible to find a way to make substantial profit without high competition. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Equipment efficiency. It depends on your budget and the difficulty of mining a certain coin. In theory the capacity of the mining equipment should be constantly growing but in reality it appears to be too expensive.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The electricity price. That’s the most important point in calculating the mining profitability.”][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Excellent alternative ” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”All of the above has generally a negative impact on profit. Despite this, as we said there are coins which offers investors an opportunity to get a high passive income from mining. We are talking about PRIZM and its unique technology – paramining.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”This asset will make you forget about almost all the factors that reduce mining profit as it proposes a brand new approach to cryptomining.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”All you need is to purchase PZM coins and invest them using Prizm Space Bot. From the moment of purchase you will be getting a passive income depending on the amount of the coins just for keeping them in your wallet. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Paramining:”][vc_single_image image=”357″ img_size=”full”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Unique method of creating new coins by all members of the community. This method is regulated by two factors:”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Amount of coins in the personal wallet, (pc)”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Increasing amount of coins per day, (%)”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”According to preliminary calculations, the Paramining process will be finished in approximately 500 years since the creation of the first block.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”A unique referral program that makes it possible to increase your profit by getting involved in the PRIZM ecosystem. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”No need to be concerned about the block reward or halving, and you can forget about the electricity bills because no equipment is required for paramining.”][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Conclusion” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Taking into account all the above mentioned, it’s safe to say that mining is still relevant. It all depend on which coin you are going to mine. With the advent of PRIZM mining has become easier than ever – just look at the huge community of this cryptoasset to make sure you are making a right choice.”][/vc_column][/vc_row]

Crypto Valley: crisis hit 90% of Swiss blockchain companies - image
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Crypto Valley: crisis hit 90% of Swiss blockchain companies

[vc_row][vc_column][vc_paragraph text="Crypto Valley has confirmed that Swiss blockchain companies face serious difficulties because of the coronavirus pandemic."][/vc_column][/vc_row][vc_row][vc_column][vc_heading title="COVID-19 as a ...