How Do Ordinary Investors Keep Up With The Pace Of Blockchain Rises?
To get rid of poverty, we must first have an investment mindset.
Wu Xiaobo, a famous financial writer, wrote in his first book:
“I give myself an order. From this year on, I will write a book and buy properties every year. This plan has been going on for many years.”
Every time he wrote a book and earned the remuneration, he bought properties. Year in and year out, regardless of the rise in housing price, he insisted on compound-interest investment, and that philosophy has long laid the foundation for his financial freedom.
Choosing the correct direction is far more important than hard work. You should keep investing your limited energy and wealth in a certain field. In this way, your assets will become passive incomes, and you will ascend from one of the poor masses who are always in debt to the wealthy class with a habit of investing.
“Cloud mining” is a blockchain-based investment that is consistent with the political direction. Those platforms that promise you low risks and high yields are all traps. Don’t touch them. But banks’ fixed deposits generate trivial yields compared with inflation. At present, cloud mining is suitable for most people. But you must be curious: What is cloud mining? What companies can I trust, like Viabtc and Genesis-mining? I will give more details later.
Good Investment Will Bring You Considerable “After-Sleep Income”
The “after-sleep income” refers to passive income that can be obtained without much time or energy spent. With it, you can live a comfortable life even without a job. Many people rely on “after-sleep income” to get rid of labor and realize financial freedom. There are very few successes among those wage earners.
Common Ways To Gain After-Sleep Income:
1. Property Rental
It is many office workers’ dream to have a steady credit every month from property rental and quit their jobs. But the threshold is very high, especially in first-tier cities. After the down payment and repayment, how much is left in your wallet, and youth?
2. Intellectual Property Rights
You may be an expert in certain areas, say, writing, photography, music, and painting. Congratulations. You may gain considerable royalties. The private domain traffic has proved effective in conversion. Yet as a channel of “after-sleep income”, it is not stable, depending on personal opportunities and long-tail consumption. Of course, I would withdraw my proposal if you are a KOL or an internet celebrity.
3. Investment And Financial Management
As everyone knows, common investment and financial management products include fixed deposits, funds, stocks and insurance.
I’d like to introduce a unique investment path — “mining”. Not the literally “mining”. It is the mining of blockchain-based encrypted digital assets, that is, running computers, producing Bitcoins, and immediately selling them for substantial incomes. It is a little different from traditional investment and financial management, but they are essentially the same.
It is expected to remain “unique” in two years because only a few people understand the logic behind. Anyway, once it attracts many investors, the profit margin would definitely be squeezed.
How Is The Profit Margin Of The “Mining”?
Whoever knows a little about blockchain or Bitcoin have basically heard of “mining”.
Same with brick-and-mortar investment, first you need to purchase a “mining machine”. With electricity on, you start mining and get a stable income. “Digging out the block” can be understood as obtaining a blockchain-based “block” treasure chest. You can be rewarded 12.5 Bitcoins for each “block” treasure chest (currently 1 Bitcoin can sell for 8,000 dollars).
After investing in the “mining machine” and mining, you will see the gains every hour. Take AntPool S9K for example. One such machine with 1148W power and 13.5 hashrate costs 2,350 yuan and will generate a net income of about 12.3 yuan. The ROI period is for less than two hundred days, or even shorter (depending on Bitcoin prices). Compared with brick-and-mortar business or the internet-related business, it takes fewer days to become profitable.
“Mining” is a one-time investment in exchange for a daily stable return, with much lower risk than the direct purchase of Bitcoin (BTC). Let me put it this way. If you purchase a property, it’s advised to let it out as soon as possible to avoid losses arising from price fluctuations, instead of keeping it vacant and selling it in a rush next year. In the case of “mining”, such benefit is more obvious.
On top of the blockchain circle, mining is very profitable, yet it also entails the highest threshold.
What obstacles should I overcome to start “mining”?
To be honest, there are many hidden costs in the purchase and maintenance of mining machines, which creates considerable obstacles.
1. The first is to purchase a “mining machine”. The cost ranges from several thousand yuan to several tens of thousands. In a bull market in blockchain, those priced between 10,000 yuan and 20,000 yuan are often out of stock and nowhere to buy.
2. Even if you manage to purchase one, you still need to wait for the shipment, which may take 10 days or even several months. It may take longer unfortunately if your machine is detained by the customs during the delivery.
3. After you receive the mining machine, you need to run it with electricity connection around the clock to make it earn profits for you. The electricity bill is another big headache. You can’t imagine how much it will cost under the tiered pricing system for household electricity in the city. What’s worse, you have to stand the noise and heat generated from the operation. Therefore, professional mining machines are generally placed in remote mountainous areas where electricity costs are lower.
Are you going to travel across hills and rivers, get done all the venue and electricity bills, get to know all the component configurations, learn how to make the mining machine work properly, remote contact technicians for machine failure, or directly move to where the mining machine is running? I haven’t mentioned other operation and maintenance costs on the later stage…
Of course, the above problems could be solved anyway. Yet ordinary investors will find it difficult to handle all the costs and efforts concerned which may force them to take a vacation or even quit. Think twice.
Mining is more than investing a sum of money and then waiting for the proceeds. It involves considerable costs and efforts. Here is a simple way for ordinary investors to get involved.
How Can Ordinary Investors Get Started With Blockchain Mining And Cloud Mining?
Ordinary investors do not have to evaluate funds by themselves. Fund managers will work out the best portfolio, and all the investors need to do is buy it;
Ordinary pet lovers do not have to raise cats by themselves. Those enthusiastic have already shot videos of cats, and all the pet lovers need to do is tap “like” and enjoy it.
Thanks to advanced technology, ordinary investors now have all the mining machines, electricity bills and professional technicians prepared. All they need to do is buy the service directly and wait for proceeds.
Here is a new concept of blockchain — cloud mining.
In the case of traditional investments, say funds, you invest in a portfolio that produces stable returns. Likewise, cloud mining serves as an investment in the mining industry. Featuring a low threshold, costs, and risks, cloud mining will save trouble arising from equipment, mining sites, electricity bills, noise, and maintenance. You just need to sign corresponding cloud mining contracts and pay for the rental. Then you can get proceeds directly. When you are familiar with mining principles and machinery, you can start considering buying one.
About The Popular Mainstream Cloud Mining Platforms
There are a lot of cloud mining platforms, and I will introduce a few with great popularity and reliability.
ViaBTC
Behind ViaBTC are the ViaBTC mining pool and BITMAIN, a highly credible blockchain enterprise. Viabtc boasts good cost performance for investments in the industry, and the static rate of return is about 19.86%~30% (which outperforms many financial management products). It is a wonderful choice for those who find it hard to keep Bitcoin or want to participate in mining. The minimum amount of ViaBTC mining contracts is 1T (mining unit), which is at around $15. BTC purchase is supported, and the duration is for 360 days. Satisfactorily, there is no need to pay the electricity fee, which will be deducted from your earnings. Having engaged in the cloud contract business for three years, VIABTC is a veteran in this field. In the on-going campaigns of fixed-duration cloud contracts, you can get considerable hashrates for free no matter you are a new user or invited one. Why not check their official website for more details?
Entrance:
https://pool.viabtc.com/contract/pricing
Bitdeer:
Bitdeer is a new platform established last year. Its products are denominated in US dollars. Currently, it supports 7 tokens, including BTC, BCH, and USDT, for purchase. Users are required to purchase hashrate of 240 days or more and at least 50T, approximately 1,000 dollars. By comparison, ViaBTC’s contracts take effect and start to calculate your mining revenues at the next hour after your purchase, while Bitdeer’s contracts are generally pre-sales and will come into effect after a while. Bitdeer supports BTC, ETH, LTC, BCH, and many other tokens. If you want to try other tokens, think about Bitdeer.
Entrance: https://www.bitdeer.com
Oxbtc
Oxbtc is the cloud mining platform under PandaMiner, backed by its abundant mines and mining resources. Compared with its counterparts, it has been operating for 5 years. The threshold for purchase is low, at 0.1T. 5% of the total mining revenue of the day will be charged as the administrative fee. With a maximum duration of 3 years, it is suitable for long-term investment.
Entrance: https://www.oxbtc.com/home
Genesis Mining
Genesis Mining is a foreign veteran cloud mining company that also offers Zcash mining contracts. As one of the largest cloud mining service providers that offer facilities since 2014, it operates three mining centers (in Canada and Bosnia) and runs 2 million mining machines. However, this foreign platform may be unstable occasionally in China.
Entrance: https://www.genesis-mining.hk/
In addition, I have selected all BTC contracts of several platforms, and calculate the annualized revenue of each contract for comparison, based on BTC hashrate share (the lowest hashrate share if there are too many categories), the recent horizontal token price ($8197) and PPS theoretical income
Revenue Comparison
Statistics of Cloud Mining Platforms
Calculation Results of Annualized Revenue
Please refer to the above table for specific data. Please note the following:
1. Genesis’s theoretical revenue can’t be found for the time being. So I have to leave some places empty. If you have bought its contracts or know something from other buyers on this platform, you can calculate with this formula: Total revenue = theoretical revenue * contract period * minimum hashrate share
2. Despite its higher annualized revenues, OXBTC charges maintenance costs which do not take into consideration the difficulty of mining and the change in the token price. Be cautious.
3. You may have noticed that the expected revenue of some platforms says Bit Deer and OXBTC, is $0.16, far lower than the figures in this table. That’s because I deducted the electricity fee from the figure, and the reduced revenue is the amount sent to your account.
4. ViaBTC’s rate of return is more consistent with reality. I have invested 35% of my idle funds in this platform. Comparison with other cloud mining platforms set aside, it outperforms traditional financial management products in its stability and rate of return alone. That is why I’m crazy about new investment channels like mining or cloud mining.
The End
Blockchain will see a high degree of intensification in mining, the establishment of some super large professional mines and a more refined division of labor in mines. There will be more miners by cloud mining. It is my sincere hope that those who read this article can respond to national policies by investing in blockchain in a suitable way and realize financial freedom as soon as possible.
