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Showing 5 of 5 results by CryptoCarlMining
Re: How does crypto mining profitability can help me on my mining journey?
Crypto mining profitability is essential for your success. It helps you recover your costs for hardware and electricity and start making money faster.
My recommendation:
1) Pick the right miner: Efficient ASIC miners with good performance and low power usage are key. You can use tools like https://www.asicprofit.com/ (thats what i use) to compare miners and see which ones are most profitable.
2) Watch electricity costs: Mining uses a lot of power, so finding cheap electricity or renewable energy can save you money. (For example any hosting. Im using IceRiver EU Hosting)
3) Stay updated: Mining trends and crypto prices change often. Use profitability calculators to keep ahead. (u can find them at asicprofit.com as well)
4) Join a mining pool: Pools help you earn more consistently, especially if you’re a small miner. (yesterday i was checking out new mining from iceriver https://pool.iceriver.eu/ u can check that out)
My recommendation:
1) Pick the right miner: Efficient ASIC miners with good performance and low power usage are key. You can use tools like https://www.asicprofit.com/ (thats what i use) to compare miners and see which ones are most profitable.
2) Watch electricity costs: Mining uses a lot of power, so finding cheap electricity or renewable energy can save you money. (For example any hosting. Im using IceRiver EU Hosting)
3) Stay updated: Mining trends and crypto prices change often. Use profitability calculators to keep ahead. (u can find them at asicprofit.com as well)
4) Join a mining pool: Pools help you earn more consistently, especially if you’re a small miner. (yesterday i was checking out new mining from iceriver https://pool.iceriver.eu/ u can check that out)
Re: Hosted Miners: ever considered claiming compensation from your hosting provider?
Hey, I´m using Iceriver EU Hosting for KS5L and I also recently added two AL3.
There was day or two, when they had some tech issue in their hosting location / data center. But usually everything was back on in less then 24h.
I've never tried to claim any compensation for that. U can have tech issues at your home as well, these things just happens.
Also with the electricity price i have in their hosting location in Dubai ($0.0575 per kwh) and the good performance of the machines, im able to earn more on mining in their hosting than if i was mining at home.
So basically i dont see a blackout for few hours as something for which i need to claim compensation.
There was day or two, when they had some tech issue in their hosting location / data center. But usually everything was back on in less then 24h.
I've never tried to claim any compensation for that. U can have tech issues at your home as well, these things just happens.
Also with the electricity price i have in their hosting location in Dubai ($0.0575 per kwh) and the good performance of the machines, im able to earn more on mining in their hosting than if i was mining at home.
So basically i dont see a blackout for few hours as something for which i need to claim compensation.
The DG Hydro 1 looks promising, especially with the low power cost in regions like Ethiopia. I’ve been hosting my ASIC miners with OneMiners for a while, and their service has been reliable. Their Ethiopia location with $0.0549 USD/kWh energy cost is definitely appealing and helps maximize profitability.
Regarding hydro miners, the reliability has improved significantly over the years. Manufacturers seem to have addressed many of the issues that plagued earlier models. I think the DG Hydro 1 could be a solid investment, especially if you’re hosting it in a location with such low operational costs.
Personally, I’m sticking to miners like the L7 for now, but the DG Hydro 1 might just be my next addition.
Regarding hydro miners, the reliability has improved significantly over the years. Manufacturers seem to have addressed many of the issues that plagued earlier models. I think the DG Hydro 1 could be a solid investment, especially if you’re hosting it in a location with such low operational costs.
Personally, I’m sticking to miners like the L7 for now, but the DG Hydro 1 might just be my next addition.
Re: Which is more profitable, trading Bitcoin or mining Bitcoin?
Both trading and mining Bitcoin can be profitable, but it depends on your resources and strategy. 
I personally prefer mining, and I use hosting.iceriver.eu. It’s a reliable platform where you can mine Bitcoin and even transfer it to other cryptocurrencies if you prefer diversifying. Plus, they offer a 7-year warranty on ASIC miners, which gives peace of mind for long-term profitability. 
Trading requires constant attention and timing the market, while mining offers a more passive approach once set up.
I personally prefer mining, and I use hosting.iceriver.eu. It’s a reliable platform where you can mine Bitcoin and even transfer it to other cryptocurrencies if you prefer diversifying. Plus, they offer a 7-year warranty on ASIC miners, which gives peace of mind for long-term profitability. Trading requires constant attention and timing the market, while mining offers a more passive approach once set up.Re: Which is more profitable, trading Bitcoin or mining Bitcoin?
Bitcoin mining and trading both have their unique benefits and drawbacks ,They both involve risks. which do you think is more profitable 
Both have pros and cons. Mining offers steady, long-term income if you have cheap electricity and efficient hardware, but it requires high upfront costs. Trading can yield faster profits with lower starting capital but comes with higher risk and a steep learning curve.
Which is better? It depends on your resources and risk tolerance. A mix of both can balance opportunities and risks. What’s your take? 🚀