RE: Truth about Bitcoin Mining with Genesis Mining

You are viewing a single comment's thread from:

Truth about Bitcoin Mining with Genesis Mining

in mining •  8 years ago  (edited)

One important factor of mining contracts is the cost average effect. Mining equals continually "buying" small amounts of crypto at different price levels. This minimises the risk of buying a certain amount of bitcoins at once at a high price... well ok and you may miss a price jump on the other hand....

mining
8 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.00
    1 vote
    1
    Authors get paid when people like you upvote their post.
    If you enjoyed what you read here, create your account today and start earning FREE STEEM!
    Sort Order:  
  • Trending
    • [-]
      ·  8 years ago 

    You also loose opportunity cost too. If you were going to buy and hold and do nothing it could be a better choice

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00
      1 vote