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The cryptocurrency market gradually comes to life. The main cryptocurrency BTC has grown in price by 20% and this is not the limit. Equipment from retailers is still being sold at a discount, so this is a great time to start mining. As for those who already own ASICs and video cards, there is also good news – their devices can be given a new lease of life throughout overclocking and extending their lifespan in a dust-free environment.
Bitcoin mining has become more competitive than ever.
Bitcoin mining difficulty – the measure of how hard it is to earn mining rewards in the world’s largest cryptocurrency by market cap – has reached a new record high above 7.93 trillion. That’s a seven percent jump from the 7.45 trillion record set during the recent two-week adjustment cycle, which was the highest since October 2018.
- As bitcoin’s price edges up, secondhand mining equipment is becoming more profitable to run
- As a result, the price of used miners has nearly doubled in recent weeks, to $250-$320 for old Bitmain Antminers
- Somewhere between 220,000 and 700,000 mining units could come online this summer
- Newer, more powerful models won’t be shipped for months and take longer to pay for themselves