Hello all,
I'm looking for information about crypto mining. I am located in France. I have the advantage of paying 0.0051/kWh, so I think it could be profitable. I've started looking into it, and I think an ASICS would be worthwhile. I have a budget of around €3,000, knowing that I would need to purchase a soundproofing enclosure since the installation would be in my basement. I already have three-phase power. Can you advise me if this is a good idea? If so, which ASICS model should I buy + a soundproofing enclosure, and on which website?
Thanks in advance for your advice.
I think mining is not very profitable at the moment, and if you really want to do it, then what you need to do is mine at a bear moment as one of the replies said. Because what is expected to happen next is to wait for the mined coins or tokens to increase in value significantly, so that it will maximize the profit from your mining. Even so, I personally prefer to invest in Bitcoin rather than mining, besides being complicated, there are many factors that need to be maintained, and this is very different when we invest in Bitcoin, all we need is time, while waiting for it we can do other work and do DCA to add to our portfolio.