Researchers emphasized that crypto currency mining activities earn more than cryptocurrency trading.
Researchers affiliated with the University of California San Diego said that cryptocurrency mining is better than speculating on them.
Researchers of the University of California San Diego said that.
The lead author of the study report, Danny Huang, said that people who issue cryptocurrencies have a higher income potential than speculators who start trading after they are listed on the relevant exchange.. Huang also used the following statements:
It is also worth noting that the altcoin market has highly volatile price movements, whether you are mining or speculating.
Huang and his team also analyzed the income potential of mining for 18 digital currencies other than Bitcoin and Litecoin against trading.
The team used world trade data and Blockchain to compare 18 altcoins and mining transactions against Litecoin and Bitcoin. The researchers used opportunity cost theory to determine the earning potential for traders and miners.
To reach a more precise conclusion, they simulated the daily return for every $1 of investment using trading or mining under different conditions.. In seven days of controlled research, the team found that the average daily return for mining was between 7 percent and 18 percent.. They concluded that crypto trading, on the other hand, generates income between -1 and 0.5%.. Huang continued:. But the risks and rewards can be potentially significant, especially when the market is volatile.
Cryptocurrency mining is a major revenue stream for Asian hardware vendors
Original cryptocurrency The booming cryptocurrency market, driven by the exponential growth of Bitcoin, has greatly increased the demand for computer gear and hardware in Asia. Flows to Kong and Singapore. Crypto miners come to buy computer parts, especially motherboards, graphics processing units (GPUs), portable cards, memory cards, and power adapters.
There are also those who are not satisfied with the growth of cryptocurrency mining
Scientists at the SETI (Search for Extraterrestrial Intelligence) project at the University of Barkley complain that they now have to compete with crypto miners for vital computer parts. And they say that this hinders their search for extraterrestrial life.