What matters in the Mining Industry? The Cryptocurrency Mining Industry Report Q1 is here
Tokeninsight released its Cryptocurrency Mining Industry Quarterly Report to give you every important detail you need to know in the Mining Industry for the first quarter of 2019. The report provides insights into mining pools, Hashrate ratings, hedging, industry news, and many other Mining related topics.
Key Points:
✅ Innosilicon T3 43T is the best low power consumption BTC miner and has the shortest payoff period among cryptocurrency mining machines, considering mining difficulties and the price of Bitcoin price on April 8th, 2019.
✅ Given the severely fallen prices of some miners during this recent bear market and the low-cost of electric power, mining at the moment is highly profitable.
✅ Taking both mining difficulty and rewards into consideration, the Antminer S17 currently has a relatively higher price and longer payoff period than the Antminer S15, which is the better choice at present. However, if the purchasing price of the Antminer S17 falls, it could be worth consideration.
✅ The cost of BitDeer and VeryHash cloud Bitcoin mining are both less than $5,200, which means cloud mining is a better option than simply purchasing crypto. Meanwhile, in fear of a falling coin prices, profits can be ensured with a hedging contracts put into place.
✅ The new mining regulation set into place by the National Development and Reform Commission, (NDRC), which might result in a large impact on hydro- mining farms during wet season, but only a small impact on thermo-mining.
TokenInsight is proud to share its findings with you. Your comment is highly valued and we welcome you to contact us via data@tokeninsight.com if you have any concerns or questions about the matter above.
About TokenInsight
TokenInsight is an independent third-party data analytics organization whose focus is to provide accurate information and ratings on companies developing in the blockchain industry. TokenInsight is dedicated to providing accurate ratings, research, and analytics that contribute to intelligent financial decisions and market transparency.
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