Advantages and Disadvantages of Mining

[Shadi29 871]

Dear members, mining has many pros and cons. One of the most important positives is gaining experience in this field and good financial profit. When you finish mining, you can sell the device at a good price. The negatives are very high mining costs and great waste in electricity, the Internet and a lot of work Maintenance of devices

[cheri farah 487]

When we talk about Bitcoin mining, we think of miners that are verifying blocks of transactions on the blockchain network, and with that, they ensure the network is secure for all participants. Furthermore, as they add new blocks of transactions to the network, new BTC is generated. So, suffice it to say, they have a very important role in the network, and without mining, the blockchain network won’t be able to operate . 

[ammarkhkkh 753]

Mining is the process of mining bitcoin and cryptocurrencies on the Internet, like gold mining in mines, and in order to start mining, you must have a computer with huge equipment and a professional graphics card, and you must also have electricity because you cannot disconnect the computer. From electrical current during mining operations.

[Success06 537]

I believe that mining is lucrative, but only if you meet his requirements. One of the drawbacks is that mining is so costly these days; you need a lot of resources and powerful machinery, and in general, you must spend a lot of money to begin mining.

[Nnnbht 502]

The advantages of Bitcoin mining are to get more Bitcoin in exchange for doing its mining, meaning that it is very profitable and miners will gain a lot of wealth, but the disadvantages of mining are in the consumption of a lot of energy and electricity, which is sufficient to light several countries together, in addition to that, the number of Bitcoin is nearing completion, i.e. Miner wages are declining.