Investing in the bank, buying gold, coins, dollars and other traditional options have lost their place among the new generation today, and most people are thinking of investing in new markets to earn more money.
Traditional investment strategies no longer work, and there is no single factor that makes traditional long-term investment tactics fail. High market volatility, interdependence of the global economy, emotional investments, inflation and a low interest rate environment all contributed to the destruction of traditional investment strategies.
Instead, modern investment markets have attracted many people in recent years. Digital currency market and Bitcoin mining is one of these new investments.
But why are we witnessing the transition from traditional investment to new investment these days?
Let’s take a closer look at the factors influencing the transition from old investments to new investments to better understand why the old way of investing is no longer applicable to new investments such as mining and the digital currency market.
In this article we will check out together:
- Why transition from traditional investment to modern investment?
- Bitcoin mining, investment with fixed income
- How bitcoin mining works?
- How much you can earn from Bitcoin mining?
Why transition from traditional investment to modern investment?
The most important reasons why people invest in new markets these days are:
Fluctuations in traditional markets such as currency and gold markets
Traditional market volatility is an integral part of it. Many times it has happened to many of us or our acquaintances and friends that by buying gold or even real estate, we have witnessed a sudden drop in their value.
These markets depend a lot on the social and political situation of the country, and since no one can predict the conditions correctly, the losses in these markets are probably very high.
In modern markets such as the digital currency market, if the correct method of earning and investing is chosen, one will never face a loss.
Of course, in the digital currency market, if you are engaged in trading, there is still a risk of loss for you, because this market is not free of fluctuations and every day the currencies will face an increase or decrease, which may reduce your capital to zero.
But if you choose the right way to earn money from digital currencies, i.e. mining and extracting Bitcoin, your capital will never reach zero and you can always have a constant income.
The huge fluctuations of traditional markets and investing without information and knowledge in these markets make investors who are present in these markets very vulnerable to fluctuations.
The dependence of traditional markets on the global economy
Traditional markets such as bonds, mutual funds, real estate or commodities are highly dependent on the global economy.
Although these markets sometimes provide good growth opportunities for investment, they also expose investors to more volatility, especially if they are not well informed about the state of the global economy.
The digital currency market is a market that has largely maintained its independence.
Although the field of buying and selling digital currencies is not unaffected by the state of the global economy, especially the American economy, the situation is different in the world of mining, which is one of the modern investment methods.
In mining or extraction, the miner can get a fixed income in a month regardless of the ups and downs of the global economy. Currently, the income from Bitcoin mining with standard miner devices (such as S19pro 110TH) is about $280 per month.
The need for a lot of capital for investment and more profit
In traditional markets, the higher the initial capital, the higher the profit.
For example, imagine that one person invested 1 million dollars and another person invested 2 million dollars in the housing market. The profit percentage from an investment of 2 million dollars in the same period of time will be higher than an investment of 1 million dollars.
On the other hand, a person who has 1000 dollars can never invest in the housing market because his capital is limited and the housing price is more than this amount.
One of the advantages of new investment markets, especially the digital currency market, is the possibility of investing with a limited initial cost.
This issue includes both digital currency trading and their mining. The advantage of mining digital currencies is that your limited capital will never reach zero with investment, but trading (buying and selling) digital currencies can bring your capital to zero during fluctuations.
Bitcoin mining, investment with fixed income
As you have seen, the problems and fluctuations caused by traditional investments are such that many people prefer to go for safe investment methods with high profits to avoid losses.
If you search the term “making money” on the Internet, you will find many ways and various materials that can tempt you to start working.
But are all these ways reliable? Is it possible to accept the risk of investing in different methods? We all prefer to try a low-risk way with the least capital and earn dollars.
One of the best and least risky of these ways is mining or the extraction of digital currencies, which does not require any training and is possible with the least amount of capital by buying a miner or renting a farm.
How bitcoin mining works?
Bitcoin mining is a way to get valuable bitcoins without paying money for them directly.
This process, which is a complex computational process, is performed by a device called a miner, which is a powerful computer for solving complex mathematical problems.
In general, the number of bitcoins available is limited and therefore you need to spend energy to get them. Unlike the mining of gold or other precious metals, where the energy is physical, in the mining of Bitcoin, energy is spent in the form of electrical energy.
Miners compete to solve complex hash puzzles and eventually earn bitcoins, which the owner of the machine can sell for dollar income. The value of Bitcoin and other digital currencies is calculated in dollars.
To put it more simply, in mining cryptocurrencies like Bitcoin, it is enough to have a strong and powerful miner device, such as S19pro 110TH, and make the necessary settings on it so that the device starts mining Bitcoin.
At present, Bitmain S19pro 110TH miner, which is the most powerful machine in the market, has a processing power of 110 terabytes and performs mining in a standard way.
Every 10 minutes, a block of Bitcoin is made available to mining machines for decryption. In the past, there were 50 bitcoins per block and now, there are 6.25 bitcoins per block to mine, the more powerful the miner, the faster this decryption is done.
How much you can earn from Bitcoin mining?
The amount of profit from Bitcoin mining depends on 2 main factors:
- The mining power of the miner
- Electricity price
Currently, the miner device S19pro is considered one of the best miner devices in the market, which has a power consumption of 3250 watts. Using this device, you can earn a fixed income of $200 per month.
Bitcoin has the most secure network among all digital currencies in the world, and since the number of bitcoins in the world is limited, there is no possibility of the value of this new currency becoming zero, and you can easily extract and sell it.
You can easily start earning dollars without any expertise and training, and without fear of fluctuations common in traditional investment markets, by buying an S19pro device.
The good news is that if you don’t have enough initial capital to buy a miner, you can earn dollars by renting a farm.