If 2020 is an industry-wide cryptocurrency reshuffle; 2021 is a major industry purge.

Since entering 2021, various industries have been building up their strength and the development of cryptocurrencies is also in full swing. However, the essence of cryptocurrency is, still, finance, and the basic property of finance is naturally that the benefits and risks go hand in hand.

The first few months this year, the cryptocurrencies surged or plunged, indeed, and many investors are baffled. But there is no doubt that it is better to mine than to buy cryptocurrencies. But the pain point of digital currency mining is the super high energy consumption, the investment of equipment, the investment of time that make many investors can not reach the balance of income and expenditure to form a loss.

The current electricity consumption of BTC is 66 times that of 2015; and domestic experts revealed that although China does not have special statistics on the electricity consumption of cryptocurrency "mining", however, according to a preliminary analysis of relevant information, in China, mining may consume tens of billions of kilowatt-hours of electricity a year. Digital currency mining is a high-yield channel, but it is also a black hole of energy consumption!

Not only that, traditional mining of digital currencies such as bitcoin or Ethereum are asset-heavy fields, miners need to buy mining machines, on the other hand, they also need to find mining plants or build their own mining sites and pay electricity bills regularly, which requires huge investment.

Mining is a highly professional thing, need to consider the compliance of electricity used by the mine, find the mine with the right electricity price, even if it is not a self-built mine, just hosting the mining machine, the site of the mine should be scientific enough to protect the stability of the electricity load and the mine construction meets the standards.

Personal investors are mostly unfamiliar with the mining circle and do not have professional knowledge in site selection, mining machine selection, how to build a mining site, electricity selection, etc. In addition, mining requires huge capital investment, it is difficult for ordinary people to enter the field, even if the mining machine is hosted to a mining site, it is not always possible to find a safe and reliable mining site. Cloud mining can solve exactly the above problems and has obvious advantages compared to traditional mining.

Cloud mining is the total computing power of the mining rigs, divided into independent units, users only need to buy a part of the computing power to start mining: users not only avoid their own mining that may produce all kinds of technical problems but also save a lot of time and cost in investment. Therefore, cloud mining is a way to enter the market with lower investment costs.

In addition, for the coin hoarding people, under certain premises, the cost of mining is actually lower than the cost of directly purchasing cryptocurrencies such as bitcoin or Ethereum, and after maintaining certain mining costs, you just need to sit back and wait for the income.

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