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Although there has been a lot of pessimism among cryptographic speculators, we can not ignore the fact that the facts speak for themselves, in this case figures. Despite the decline in the value of bitcoin, the coin has gained more than 100% in the last 12 months, while other altcoins, such as Ethereum and Litecoin, have increased by 50% and 60% respectively.
Let's now compare Bitcoin, the pioneer of cryptocurrencies, to traditional assets. The leading growth index, the NASDAQ, has grown 25% over the past 12 months, growing 3.3% last month. Brent crude oil, which has been on a downward trend due to the oil wars between the United States and the Middle East, has managed to increase by 40% compared to August.
Let's turn now to digital assets, which are just starting to attract attention recently. The parent company of the New York Stock Exchange, Intercontinental Exchange, has confirmed that it is working on a new company that will offer "consumers and institutions to buy, sell, store and spend digital assets on a global network homogeneous".
This means only one thing; very soon, large-scale investors will pour into the cryptocurrency market and everyone should be ready to do so.
Mining and the numbers
The best thing about crypto-currencies is that people who are not willing to take risks to buy and hold crypto can still try to exploit them. If they do not have enough budget to buy the equipment or the high cost of electricity, they can rent a hash power to a service provider and join the company. 39, cloud exploration.
Let's look at the numbers. If, for example, you opt for cloud computing with Hashtoro, a Cloud Cloud cryptocurrency service offering a 20-euro cloud computing contract, the annual profit will be about 1,424 dollars with 3,59 Ethereum snippets on the period, according to the Cryptocompare calculator. When you deduct the costs of mining in the cloud, the annual profit drops to around $ 886. If you get an unlimited contract, the numbers are even better.
As far as Bitcoin is concerned, the total revenue you can derive from running cloud computing (given the current exchange rate) will be around $ 870 manually.
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