prolific-writer
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5 months ago
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3 replies
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248
Staring a cryptocurrency mining center requires you to invest a lot of money in mining machines such as ASIC miner. These machines could be pretty expensive. Moreover, you may also need to bear electricity expenses as well. How do you start a cryptocurrency mining center?
To do it legally you need a LOT of money to buy the equipment, land and electricity. You'll find a lot of miners are cyber criminals who install malware onto people's devices to use them for mining.
Let's be practical! Starting a crypto mining center is not easy, not for me. I could earn crypto and support blockchain networks but I would face costly equipment, very high electricity bills, heat, noise, competition, and changing crypto prices. Profit depends mainly on cheap regulr power and efficient hardware and the ones who have enough resources.
You want to start mining center in Nigeria? Brother, are you joking? ASIC miner alone cost millions and then our light is epileptic. I don't see it has a viable business per say. But you can still do it if you have a decent solar setup.
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