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In 2019, the price of the first coin is 50% lower than the historical maximum, although the complexity of the network has increased several times. The question appears, is it worth mining in such conditions and is it better to buy bitcoin? At this moment, the complexity of bitcoin mining is at 11.8 T.
Despite the fact that the price of the coin has fallen by 2 times, however, companies engaged in the production of mining equipment continue to supply it to the market. This makes it possible to mine bitcoins profitably, even if the technique is not too new.
Some analysts believe that the extraction of coins is successful, but don’t forget that in addition to the price of equipment, the cost of mining Bitcoin also includes the rental of space and maintenance costs. Based on this, the cost of 1 coin can cost $ 7,000.
Taking into account all the costs, it may seem that the costs are unreasonable. However, experts believe that the payback period for new equipment is at least ten months. The opinion that mining remains a profitable business is confirmed by the facts - for 3 months of 2019 at least 500,000 miners were connected to the network.
Based on this, analysts believe that mining is not as risky as a direct investment in cryptocurrency due to hedging volatility. However, don’t forget that soon there will be a halving, and the profit of the equipment will decrease by 2 times. Investment funds are interested in bitcoin, so mining from their point of view is very profitable.
Mining will remain profitable for several years. The main risks in this case are the depreciation of electronic coins against the background of the fact that there are a lot of regulatory issues that have not yet been resolved. Therefore, direct investments in electronic money are still more risky than coin mining.
But after the halving of the coin, the situation may change completely and you’ll have to leave this segment. Anyone who is currently mining or planning to buy equipment for mining coins should weigh all the risks, because it’s highly likely that it will not be able to pay off and then you should forget about the profit.
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