Why You Should Choose Mining Power When Bitcoin Plummets
Why You Should Choose Mining Power When Bitcoin Plummets
Bitcoin plummeted yesterday (May 19). From a high of 64,000 on April 15 to 30,000 yesterday, the price fell by more than 50%. For many retail investors who traded on exchanges, their profits or principal are trapped. But for those who have chosen to Bitcoin mining power, have not been affected in any way, but instead have a great opportunity to increase their investment returns.
Why is mining power the most ideal product to avoid the volatile market?
Reason I: The plunge does not affect the output of Bitcoin, so users of mining power do not panic.
Choosing Bitcoin mining, the daily output per T fluctuates around a certain value. At present, the daily output of Bitcoin mining is about 0.00000556. When the market plummets, contract users may liquidate their positions; leverage users may lose their money; spot users may lose their money in panic. Only for mining users, the plunge does not affect Bitcoin output, and your daily BTC income remains unchanged.
Maybe you will say that the BTC price has plummeted, the payback cycle will become longer and the ROI will become worse. Yes, it is indeed true. But everyone in the market is so affected by the plunge, not just mining power users. With everyone facing asset decimation, mining power users take the least risk, and isn’t that the reason for mining?
Reason II: Buying more mining machines at low prices is the soundest investment.
In the event of a market price crash, it will affect the earnings of some of the users who bought mining machines at a high price, bringing them to the shutdown price. Rest assured that Galaxy Hashrate’s products will not be shut down. These users who fall below the cost price may choose to shut down their mining machines and stop mining. As we all know, the revenue that mining power users get per T of ming power varies based on the total network-wide ming power. If the crash causes some of the users to shut down, then the total network-wide ming power will decrease, which is especially beneficial for users who start mining at this time.
Also, if a user chooses exchanges and buys or sell BTC directly at this time (May 19), since we don’t know if the price will fall again, this means that the user will also risk losing money. But mining power users don’t need to worry about that. At the time they choose to buy mining power, they get a certain daily bitcoin gain, whether the market continues to fall or skyrocket. Bitcoin gains don’t change and will get a high ROI as the market improves.
There are several great benefits for you to purchase Galaxy Hashrate’s mining power now.
I. Buy one, get more. We will give you an additional 20% of mining power (at most).
II. In community SHIB activities, if you buy from now on, you will get SHIB rewards.
SHIB Link: https://zendesk.galaxyhashrate.com/hc/en-001/articles/900006164026-Galaxy-Hashrate-10-000-000-000-SHIB-Giveaway-
