Post
Topic
Board Mining
Re: Purchase of ASICs in the Current Market
by
mikeywith
on 10/10/2022, 09:55:22 UTC
I keep hearing that ASIC prices have dropped as a result of the current bear market. Is now the time to invest in a miner? I don't have cheap electricity or any provisions to accommodate miners, so I'll look into hosted mining solutions.

There is a risk of NOT actually owning your mining hardware, regardless of how well-established the host might seem, usually, things don't work out well, so if you don't have your own place with cheap enough power to compete against the majority of the large players which is probably below 5 cents per kWh as of now's standards -- mining is probably not for you.