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The collapse of bitcoin has reduced interest to farms for mining more than twice

According to analysts, now it is almost impossible to make money at home.

02.Feb.18 3:09 AM
By Mark Gainer


The collapse of bitcoin has reduced interest to farms for mining more than twice

The collapse of the bitcoin course that began at the end of last year led to a sharp decrease in the activity of searching equipment for mining with the purpose of buying it. According to the newspaper Kommersant, this conclusion was reached by experts from the advertisement service Yula.

On the contrary, against the background of growth of bitcoin in October-December of last year, the number of search requests of Yula's clients to video cards for mining increased threefold, and the demand for finished farms jumped even fourfold. When, in December, the rate fell by almost 40 percent per week, requests for farms practically immediately decreased by 55 percent. When in January of this year bitcoin lost another 36 percent of its price, the demand for AntMiner farms declined by 34 percent.

According to Igor Zartdinov, co-founder of the ICG ICG, it is now practically impossible to earn on mining at home, as this is hampered by the costs of renting a room, electricity, equipment, and repairs. According to him, the cost of the farm can pay off no earlier than two or three years.

Meanwhile, it was previously reported that Russian businessman Aleksei Kolesnik bought two small thermal power plants to use their capacities to produce crypto-currencies and create data centers.

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