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How BeMine makes BTC mining transparent and controllable

bemine 1 Company News

Cryptomining remains one of the most controversial, debated and risky investment instruments of the last decade. Due to generally high ROI of Bitcoin mining, more and more experts tend to consider crypto assets as a necessary part of a modern investor’s portfolio. Today’s conversation is devoted to the current situation around BTC mining, a unique service that provides infrastructure capabilities of regions with low-cost electricity, and criteria to figure out whether cloud mining is acceptable enough to try.

Mining today: risks or chances?

The current situation with Bitcoin and its mining remains controversial: a constant increase in the complexity of BTC network, occurring as a programmed response to the continuous growth of hashrate; a protracted period of the BTC price fluctuation near its level of support; and as a result, – a decrease in the current income of miners.

Nevertheless, a distant view shows a persistent profitability of Bitcoin mining at least in the long term perspective: Bitcoin halving and resulting shortage of liquidity inevitably leads to the consistent growth of BTC rate, as all previous lifetime phases of BTC show. Of course, in terms of maintaining the demand for the asset itself. The increase in such demand in the case of Bitcoin, for example, has practically no precedents.

Thus, there is an opinion that this ‘slumbering’ phase of the market is a great moment to start mining and make preparations for the expected growth of BTC after Halving 2024.

So, how do investors evaluate cryptomining is their chance to try?

Many of them are cautious initially, asking reasonable questions pertaining expedience, safety and profitability of Bitcoin and Altcoin mining. Let’s look on what is the portrait of a modern investor coming to cryptomining.

A few traits of a beginner and circumspect miner counting on his first BTC earnings:

  • Desire to discover and try new instruments with higher returns compared to standard investment instruments;
  • Moderate conservatism and a tendency to ‘do a recon’ before trusting big money to young companies;
  • Moderate pragmatism and prudence in risk diversification;
  • Сautious openness to new opportunities in a rapidly changing world.

Of course, the prudence of them requires a constant search for the best options, the opportunities to hedge and reduce all possible costs in this profitable, but still quite young, daring, underdeveloped market.

Let’s talk on investors decided they are fully aware of all possible risks of crypto and decided to mine Bitcoin.

What opportunities for investors exist in the current situation in the BTC mining market, we want to talk about?

There are several possible ways to mine Bitcoin: using available GPU or even a personal computer at home, buying ASIC miners and solving a whole range of related worries yourself, or simply turning to a cloud mining service. There are a lot of such services, but let’s analyse one of the industry leaders.

[BeMine](https://bemine.club/), founded in early 2018, is a unique cloud mining company based on the principles of transparency, safety and a modern approach to the resources use.

The company’s approach is to use the infrastructure capabilities of regions with low electricity costs – in order to use these resources for mining cryptocurrencies. Thus, the electricity cost provided by BeMine at the time of writing this material is just *0,043 USD*, which already includes all service fees. Fees are deducted in a transparent daily mode strictly next to the mining earnings. All transactions are carefully stored in the account history.

BeMine is on their first round of releasing the first ever Mining Token [PAWA](https://bemine.club/en/pawa) – the first step of coming to DeFi, planned for the second half of 2022. The team position is quite inspiring – cloud mining is in dire need for transparency and decentralizing itself by establishing of mining farms on the principles based on NFT.

NFT has already shown its worth as a technology for storing records of the ownership of art and creative objects. However, architecturally, NFT is ready for more. BeMine wants to use NFT in order to guarantee the publicity of the agreements between the owner of the share from the miner’s ASIC and the buyer of this share. Each miner issued by NFT on ASIC will store data about the real ASIC – its model and date of first activation, where it is located, its identification number, as well as the real contract of responsible storage under which this ASIC is placed and connected to the hotel.

Among other things BeMine is constantly expanding the network of mining hotel partners: anyone who has a clean, cheap and legal “power socket” is welcome to the Support service to become part of the Community and start earning together, subject to passing the security checks.

So, why [BeMine](https://bemine.club/) is generally worthy chance to try? Even if you tend to be conservative enough.

  • Real ASIC miners and low barriers to entry – minimum entry begins at $99 for the 0.02 part of one of the most trusted ASIC Antminer T17+
  • No need to physically acquire, transfer, store, configure and maintain ASIC mining equipment
  • Personal account and wallet history features get you the opportunity to receive payouts, monitor transactions and calculate profit simply – without leaving your device
  • [PAWA](https://bemine.club/en/pawa) Token allows investors to save up to 45% on machine and maintenance costs
  • A number of available ways to top up the account – both with the cryptocurrency or fiat money
  • Mining calculator gives the possibility to predict the different earning options
  • Two-level Referral program
  • Low withdrawal fees

Every investment decision is always made on the basis of personal awareness of prospects and risks. This very statement is especially applicable in the field of cloud mining: unfortunately, new areas and projects in it are quite often followed by fraud and scam.

We wish you to make your own balanced decisions, keep striving for new profits and make good, healthy and secured earnings!

Disclaimer: CoinQuora does not endorse any content or product on its page. While we aim to provide you with all relevant information that we could obtain, readers are encouraged to do their own research before taking any actions and bear full responsibility for their decisions. Please note that this article does not constitute investment advice.

Lisa is excited about all things tech. She devotedly follows blockchain and crypto updates, sharing her passion through writing about it. She is a regular contributor for cryptocurrency news and articles.