Why Shouldn’t You Get Involved in Mining?
Why shouldn\’t you get involved in mining? This article is authored by Wang Haif
Why shouldn’t you get involved in mining? This article is authored by Wang Haifeng.
This article is sourced from the internet and translated by Qin Xiaofeng from Odaily Star Daily. Preface:
Many people still have a limited understanding of the value of digital currency, but now they have entered the cryptocurrency industry. Due to the drastic fluctuations in Bitcoin’s price and its instability, many people see this “high return” as an investment method, causing a change in everyone’s attitude towards digital assets.
In fact, many changes have taken place in the blockchain field. For example, there have been many new technologies recently (including artificial intelligence and cloud computing), which can create new wealth and make people’s lives better. However, innovation in this industry is still progressing…
The content we are going to discuss today is: “Why shouldn’t you get involved in mining?” What are the reasons behind the significant risks of getting involved in mining?
1. Low mining costs, and there is nothing to stop its existence.
2. Large computing power.
3. Abundant power resources.
4. Extremely cheap electricity fees.
5. Poor performance of ASIC chips.
6. Normal CPU operation.
7. Simple operation, but easily damaged.
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