Chapter 8
Reducing Negatives and Gaining an Edge
IN THIS CHAPTER
Maximizing your resources
Maintaining a mining advantage
Reducing your home heating costs
Understanding alternative electrical power options
Finding online resources to stay up to date on mining
Interpreting your mining resources over the long run
The cryptocurrency mining business has upsides and quite a bit of opportunity for rewards. However, a handful of obstacles and negative aspects are involved with mining as well as plenty of room for error. Some of these difficulties can be overcome and even used to your advantage to maximize your benefits from mining.
The impediments of profitable cryptocurrency mining include electrical costs, thermal heat discharge, an ever-changing cryptocurrency landscape, block difficulty increases, and fierce mining competition. We discuss strategies for tackling and mitigating these ...
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