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Is cryptocurrency mining the assured investment?
It is true that at the time of writing this the bitcoin is not at its greatest value of only 6,802.87 (USD) but, I would say high enough to make a profitable investment. The reason as to which I did not title this paper “Is bitcoin mining the assured investment” is because I believe that other cryptocurrency are still profitable such as the ethereum presenting itself at 120 (USD) at the time given. An interesting fact that is worth mentioning is that ethereum was valued at 1500 (USD) around 4 years ago but has fallen in value as most miners decide to mine bitcoin and also because of the bitcoin boom of 2017. Yes you would say that is a lot lower and as it is a greater deal of lower value why would you invest in any other cryptocurrency?
It has been proven over the years that ethereum is more efficient to mine on most systems and that it does not require such a high investment in graphical processing units in order to gain a good enough efficiency of the system through the ratio of units mined/cost of electricity. I shall focus more on those points throughout the article
The hardware that the system is made up of may be more efficient at mining a certain cryptocurrency even if you are using the same software, it is a more complex figure and professional miners have spent a lot of time trying to figure out the most efficient system for…
