Mining. Part 4. Advantages and disadvantages

Mining. Part 4. Advantages and disadvantages

The topic of ether mining has been at the top of my scientific research for more than five years. Of course, I would like to tell both novice miners and those who simply expand their horizons, and some technical nuances in creating farms. If you are interested in learning about my experience, I will be happy to answer your questions in the comments. Write what could be useful for you.

And today I decided to tell you what I see the advantages and disadvantages (without which, of course, you can’t do without in any business) of ether production.

Let’s start with the advantages that are obvious to me, which are as follows:

  • The mining process itself is intuitive and even a novice miner can really create an installation, as I did in my 12 years.
  • The mining software is regularly updated, so the fast operation of the system is ensured.
  • There are no nuances in terms of the legality of the process: ether mining is as safe and transparent as possible.
  • It is available to many, because it does not require significant financial investments at the start.
  • Ether is constantly growing in price.
  • Miners are protected from external attacks.
  • There are many solo miners in the world, who often unite in communities and support each other. By the way, I also took my first steps in mining, guided by tutorials that are freely available on YouTube for free.

However, as in any business, the production of ether also has disadvantages. First of all, it is the instability of the exchange rate. Due to high volatility, the exchange rate often changes.

What else would you like to know?

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