The cost of electricity is the key data for your mining investment, it is the data point that will allow you to know whether or not, despite the fact that the market is bearish, you can be profitable or not.
Therefore today in 2021, we recommend an electricity cost of around 0.05$/KW (around 0.02-0.03 would be ideal) at the most for several reasons:
- In spite of the strong current profitability, the difficulty of mining it will increase.
- The price of crypto-currency will inevitably end up being corrected and therefore you will have to prepare yourself for this scenario, the only data at this time that you can control will be your electricity price.
- Mining is a medium to long term investment, you will need at least half a year to make your mining profitable and therefore you will necessarily experience unfavorable market conditions. So prepare your investment accordingly.
You don't have access to competitive electricity costs and still want to invest in mining? We offer you our Cloud and Farms products allowing you to invest in infrastructures with very competitive electricity costs in the long term.
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