Bookmarked for the bear market. Thank you
if you havent yet, i highly recommend trying out rigly.io miner rentals. its a great way to try out mining, especially if you are in a high cost electricity area. you buy mining contracts from miners via auction, and get to point the machines to your desired pool. No KYC either 🙂
Im happy to answer any questions you might have, and if you end up wanting to try it, use my referral code and we'll both get 120 Th/s for a day for free after your first purchase. Happy mining!
https://rigly.io/register?referral=BeeAye
#bitcoin
#homemining
Discussion
its interesting for this market too, specifically because you can nab long term contracts based on current cost for blockspace, which is extremely low right now. So you could really benefit if there is, a fee spike during your contract.
For example if current transaction is 2 sats per vbyte to get into next block, the resulting hashrate price will be rock bottom. if an example contract one buys, say at 100 Th/s for 120 days, sees fee spike 60 days in you could come away with way more sats.. its particularly less risky when fees are so low compared to buying contracts when transaction fees are high, as your rewards cant get much lower than where they are at as 3.125 btc subsidy provides a floor.
Oh that's quite short term contracts. Interesting!
The other ones I've seen you need to actually buy the rig and you're just renting space and electricity but this one is quite different..
I'm a bit hesitant to part with sats though haha. Need to make sure it's in profit in that case
if you can nab a contract below the going fpps rate, very likely youll make sats in this market.