... highs, trading around $100,000). This price buffer allowed many miners to endure. Moreover, unlike in 2020, miners were better prepared this time: in the months preceding the halving, they actively upgraded their machine fleets and even sold portions of mined coins to lock in profits for new equipment purchases. According to CryptoQuant, from January 1 to early April 2024, the volume of BTC on miners' balances decreased by more than $866 million – a stark contrast to behavior before the 2020 halving when miners, on the contrary,...

... the month). The table highlights varying behaviors among the miners. Riot and Bitfarms sold more bitcoins in April than they mined (Riot due to a strategy shift, Bitfarms due to funding needs), while Marathon sold nothing. CleanSpark and Hut 8 fall in ... ... doubts about the market's future often precede price trends. Currently, miners exhibit restrained optimism – by realizing profits on portions of positions, they nonetheless retain a lion's share of bitcoins, indicating a long-term bullish outlook for ...

... during the setup phase. Once configured, the equipment operates independently. Each year, self-mining becomes increasingly less profitable due to the high cost of equipment, elevated electricity expenses, and the minimal amount of cryptocurrency that can ... ... equipment. The payback period for a self-mining farm ranges from 12 to 24 months, and in some cases, even longer. Cloud Mining To mine cryptocurrency, it is not necessary to set up a full-fledged mining farm at home. One can utilize what is known as cloud ...

... Processing Plant (GOK): Located in the Orenburg Region, Gai Mining and Processing Plant is one of the company's key assets. It mines and processes copper ore, which is the basis for the production of copper cathode. In recent years, the enterprise has undergone ... ... Price fluctuations for metals: Dependence on the global price of copper, zinc and rare earth metals may affect the company's profitability. Environmental requirements: Strengthening environmental regulations requires significant investments from the company,...

... regular computer. To this end, equipment manufacturers are developing powerful graphics cards with cooling systems designed to mine Bitcoin. The cost of such a farm is relatively high, and it will only recoup its investment over several months. For this ... ... low prices and selling at higher ones. The program can be tailored to meet the individual requirements of the investor. How to Profit from Cryptocurrency However, trading is not the only way to profit from cryptocurrency. Additional income can be generated ...