Mining cryptocurrencies is an ever changing market and as such, your profit can go up and down depending on several factors, many of which are out of your control. The profitability of a currency depends on the rate against the dollar, the current mining difficulty of it and how much cash you paid to get started in the mining world. Did you build your own rig or are you using a cloud service? You also need to take into account your electricity usage, or maintenance fees. It can get very complicated very quickly. We've put together a list of frequently asked questions if you're looking for more than how profitable the currencies can be.
Digital asset prices have seen better days as cryptocurrency markets throughout the entire 2018 calendar year have been riding a long bearish trend. Many coins with the SHA-256 mining algorithm such as bitcoin cash (BCH), bitcoin core (BTC), and peercoin (PPC) have lost considerable value. Because cryptocurrency prices are so low, many mining devices announced this year are failing to bring a profit and some machines cannot be purchased on the open market. According to real-time statistics from Asicminervalue.com at the time of publication, only five mining devices make a profit and two machines are not yet available on the market. The data website uses a combination of electrical costs, current network difficulty, block reward, and exchange rates to figure out whether or not certain ASIC machines are profitable.
Peercoin PPC Mining Difficulty Chart
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