Mining in 2019: Is It Profitable To Invest In Bitcoin?

Posted by coinminer on August 21st, 2019

Cryptocurrency mining is now not a new concept to people. Almost every person is aware of the digital currency; they may not be aware of the mining procedure but know where the unknown word "digital cryptocurrency” is bringing the new storm.

But now the question is, does mining has come to an end? Or will it able to bring profits to miners. Don’t worry; Bitcoin will have tremendous growth potential in consecutive years to come as mining hardware like Bitmain Antminer S9 hydro has made it easier for miners to focus on another potential. 

Bitcoin Mining and it's Potential

From the past 10 years, Bitcoin is showing tremendous mining opportunities. Investing in Bitcoin has a great potential in 2019 and beyond as the general suspicion towards BTC is high. Miners who will invest in Bitcoin will witness a great profit.

While talking about the Bitcoin potential, the mining hardware manufacturer has gained tremendous popularity and profit to miners; all thanks to the ASIC miners for Bitcoin mining. People tend to buy Antminer S11 rather than going for other mining options such as CPU and GPU mining. 

The reason behind is mining with the time and efforts that the miners have to give is more, which lacks the proper concentration that is required for mining calculation to mine the cryptocurrency quickly. Leaving behind the old ming hardware s9 hydro for sale has got a lot of miner attention due to its functionality.

Antminer S9 hydro profitability is increasing as the hardware has Hashrate of 18th/s at a power consumption of 1728W. It works by using SHA-256 based algorithm. Not only this, the hardware has water cooling functionality that makes it easy to use with more mining profitability and speed.

Should you invest in Bitcoin?

Bitcoin mining industry has grown at a fast pace. Today the cost of mining has increased due to the expensive hardware that has made mining easier for miners. Bitcoin has become so much popular cryptocurrency that if Bitcoins is sent anywhere in the world than no bank can block payments or close your account because Bitcoin is “censorship-resistant money.”

It has made the cross border payment possible that is why people like to buy Antminer S11. So, while mining if you understand the possible impact of Bitcoin, then it won’t be hard to comprehend why investing in bitcoin may be a good idea.

Related Post- A Guide to cryptocurrency mining with Litecoin