Cryptocurrency miner

[MadDolphin 63]

Which is more stable and efficient, cryptocurrency mining or crypto contract trading, in your opinion?

[VoyageBoy 15]

Given that you sell mining equipment, I believe you already have an answer. I believe there are numerous factors at play, particularly the upfront capital costs of acquiring said hardware. Then there are the resources required to run the equipment.
 

[CleanFiend 11]

Mining is far too expensive for what you get in return

[SteelQuiet 48]

If I leave it to a professional hosting company, I will only have to pay some service fees, I will have a fixed cryptocurrency return every day, I will not have to worry about electricity consumption, etc., and I will only have to worry about the initial equipment investment.

[KatFuck 52]

What if I leave it to a professional hosting company, pay some service fees, and don't have to worry about power consumption later?

[LoomVo 62]

Personally, I believe PoS has a lower barrier to entry and higher yields, so I would not bother mining.

[PopplioSoda 26]

High returns are frequently associated with high risks.

[KuIng 6]

It all depends on how you define risk. 19-20% APY on stable coins is relatively low risk and requires a very low up front cost compared to paying out for a miner in the hope that it will pay off in the long run. I'm not saying YOLO into every degenerate project out there, but there is a lot outside of mining that is worth your time to investigate.

[RitoParty 1]

Nexo is currently offering 12.5 percent on USDC and USDT. As you mentioned, 19.5 percent on UST even if you don't do anything else to increase the APY. That can easily be increased to 50% or higher.

[JumpinWorm 42]

Cryptocurrency mining is a competitive process that verifies or adds new transactions to a cryptocurrency's blockchain using the PoW (Proof-of-Work) method.