Monday, April 30, 2018

Is the ROI of Conventional Cryptocurrency Mining Farms making them obsolete?

Friends, any commercial entity – large or small – needs to have a long-term positive Return on Investment to succeed. The Cryptocurrency mining ROI comes down to the cost of energy consumption (and hardware) vs. the market value of the currency. With more and more energy required to generate Bitcoin, Litecoin, and Dash we have seen the rise of mining farms and pools such as Ghash.io and Slush. Meanwhile, some crypto theorists have proposed newer and most cost-efficient algorithms like DigiByte and DigiShield. Many believe all roads point to China’s Bitmain yet are weary of the increasing centralized control of Jihan Wu. A new model for Cryptocurrency creation is needed as we look toward second and third generation currencies. But what is the bona fide solution? Share your thoughts today! Lawrence, CryptocurrencyAcademy (https://cryptocurrencyacademy.blogspot.com)

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