The Long Search for The Mining Myth

The Long Search for The Mining Myth


For some, the stay in the world of cryptocurrencies is a journey that has been in charge of evolving many ways of seeing the financial system. For others, it is only a road that offers unique opportunities to regain clarity in our economy.

One of those paths that emerged in the crypto traffic world is that of mining. The long journey of this activity, going from CPUs to GPUs; From these to the ASICs, it has made this field a way to reinforce the decentralization that emanates from the fact that Bitcoin has the definition of a system that is unaffordable and independent of any governmental or institutional entity.

However, mining these days is far from generating unthinkable profits for ordinary people; With the third halving process, much of the costs associated with this activity show a harsh reality, a limit on profits and how unattractive it is in some areas.

With this, an immense field is opened for private and institutional intervention, which invests in quantities of equipment, playing the deflationary profitability that defines the Bitcoin network. But the magic of this network is that it sticks to the theory of games in full action giving individuals the freedom to choose to withdraw or not.

Although it is true that there are many setbacks, costs, energy, equipment, quantities, but you can still perceive signs of survivors and not necessarily located in the great powers, but in those places where energy and connection are still available at low costs, clear examples in Iran and Venezuela just to name a few spaces in Asia and America.

Mining we would think that little by little it becomes a story and in turn a myth, for individuals like us who do not have these enormous amounts of miners or an inexhaustible source of quantum or institutional energy, even so this does not end until that is over, take advantage, look for, there are still spaces to mine, but now that Bitcoin consolidates its price at $ 9000 and has no trace of going down, even if they attack and manipulate it. AIn mining it is not a myth, it is a reality.

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alquimista1501
alquimista1501

I am a Venezuelan, worker, father of a family who fell in love with this crypto world; I love reading news related to the crypto space, from the technological performance to the shape and concept of each currency in this world.


Cryptographic Alchemy
Cryptographic Alchemy

This blog contains my opinions on the world of cryptocurrencies, and how these digital records are the key to the change towards a new future, but that in many cases, we already live in the present. Always remembering that cryptos, and especially Bitcoin, are inevitable.

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