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Lilly Wilson
Lilly Wilson

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What is ASIC mining Profitability?

An ASIC mining venture is deemed profitable when the revenues are greater than the cost of the investment. The efficiency is a key factor in the success of any ASIC mining business is assessed using a number of variables such as an increased hash rate, lower power consumption, energy efficiency and the competitive mining rewards.

With the introduction of more and new ASIC model are introduced to on the scene, value of cryptocurrency ASICs is likely to fluctuate significantly. These features add to the complexity of mining, which drastically reduces profits. If the variables that are considered to maximize the profits of ASIC mining can be maximized in order to reap the maximum the potential benefits.

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