RE: Cryptocurrency mining can still be profitable: A case of SEC compliant STO

[jadams2k18]

Hello @kryptarion

Excellent post. But I wonder, the governments of Northern Europe and the Scandinavians, even though they agree with mining and cryptocurrencies, doesn't it affect the electricity consumption of those countries? Does MinedBlock mining provide enough economic income to make it profitable? In other words, does the profit obtained from MinedBlock mining exceed the cost of electricity consumption plus the cost of mining equipment? In the case of a normal person who wants to become a miner.

Electricity here in Venezuela is cheap, but mining equipment is expensive. In Europe, I think it's backward. Or am I wrong?

By the way, does Bounty0x have anything to do with Publish0x?

Thanks for sharing

Comments

[kryptarion]

Thank you @jadams2k18, I'm glad that you like the post.

But I wonder, the governments of Northern Europe and the Scandinavians, even though they agree with mining and cryptocurrencies, doesn't it affect the electricity consumption of those countries?

I'm sure these countries have enough supply to accommodate further consumption from mining.

Does MinedBlock mining provide enough economic income to make it profitable? In other words, does the profit obtained from MinedBlock mining exceed the cost of electricity consumption plus the cost of mining equipment?

MinedBlock plans to mine more than only one cryptocurrency. Conventional farms only mine bitcoin. MinedBlock will create a dedicated mining facility which focuses on mining multiple coins from within the top 50 by market cap to ensure a diverse range of revenue streams for customers to benefit from.

By the way, does Bounty0x have anything to do with Publish0x?

Bounty0x is a platform where cryptocurrencies project and their bounties are hosted. Publish0x is a content platform almost similar to steemit where contents are posted and the winters and readers are both compensated for their activities on the platform....

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[jadams2k18]

Thank you @jadams2k18, I'm glad that you like the post.

You are very welcome

MinedBlock plans to mine more than only one cryptocurrency.

Oh, that's great. It really has more advantages than the competition, possibly even consumes less energy. They're excellent news

Bounty0x is a platform where cryptocurrencies project and their bounties are hosted.

Thanks for the information

I have an account on Publish0x

Have a nice day