#bitcoin btc price

[recentlyheardcom]

Bitcoin Falls Out Of Step With US Equities, What This Could Mean For The Crypto Market

Current information exhibits that Bitcoin has fully indifferent from US shares. That is vital contemplating how the flagship crypto and these shares had a constructive correlation prior to now, which undoubtedly positively impacted Bitcoin and the broader crypto market. Bitcoin Has No Correlation With US Shares Information from the market intelligence platform IntoTheBlock exhibits that Bitcoin’s…

[r22o25l]

Bitcoin #CryptoAnalysis #BitcoinPrice #Cryptocurrency #Bitcoin2024 #Investing #FinancialFreedom #MarketTrends

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[patriciabusking1]

[36crypto]

Why Bitcoin Price is Up Today: BTC Hits $47k

The price of Bitcoin is significantly going up today December 9 due to confidence over a potential approval of a spot ETF by the SEC. The flagship cryptocurrency has witnessed a sharp price spike according to live data from CoinMarketCap. Earlier, the price of the coin topped $45,000 before retracting a bit and hanging around the $45k zone. However, a significant surge has pushed the price of the…

[wanxsb]

How to Buy Mining Machines for Bitcoin Miners?

China is the world's largest producer of mining machines, designing, manufacturing, and supplying over 95% of the global mining machine market. Looking for and purchasing mining machines from the country of origin, China, has significant advantages in various aspects.

Generally, when deciding to purchase mining machines, factors to consider include coin price, machine price, payback period, the development prospects of the coin, current mining difficulty, spot or futures, and machine condition.

Before purchasing mining machines, you need to select the coins you believe have potential. Although most people invest in Bitcoin, every bull market brings forth a multitude of coins that can increase in value by hundreds of times. Therefore, when choosing which coin to invest in, factors such as risk coefficient, application scenarios, and future prospects should be considered.

Once you have identified the coin you want to invest in, you can proceed to choose the machine. Generally, machines with higher unit computing power prices have higher energy efficiency. This factor is not particularly important when the market is in a bull phase because high coin prices make almost all machines profitable. However, during a bear market, this factor becomes crucial. Many machines generate daily earnings that are insufficient to cover electricity costs, resulting in the need to shut down or idle the machines. In some cases, machines may even become damaged due to prolonged inactivity. For example, for machines mining Bitcoin, according to the price index on AsicFinder.com, the Whatsminer M53 248Th/s has a current unit computing power price as high as 19.40$ per TH/s

In addition to computing power prices, coin prices are another significant factor affecting mining return periods. Although the payback period may seem very short during a bull market, the fluctuation in coin prices often makes it difficult to achieve the ideal expected return period, resulting in holding positions at high prices.

Be cautious when it comes to new, small, and lesser-known coins. Newcomers to the market often fall into the trap of being blinded by current earnings, leading to massive investments and subsequent huge losses. Due to their small market capitalization and limited attention from mining machine manufacturers, newly emerging coins often have machines with relatively low computing power. Once a large number of machines with higher computing power enter the market, the entire market will be reshuffled, and the previously purchased low computing power machines will be completely eliminated by more advanced high computing power machines, resulting in significant losses for buyers.

The type of inventory, whether the mining machines are in stock or futures, is also a crucial factor. Purchasing futures, especially long-term futures, may appear cheaper. However, there is a possibility of a decrease in machine profitability before the machines are delivered. Additionally, for a mining machine with disruptive high computing power in the market, many manufacturers intentionally sell futures to collect down payments. When the machines are finally shipped, the sudden influx of high computing power machines in the market will render your seemingly considerable computing power earnings insignificant, resulting in significant losses.

Machine condition, although not a factor affecting the return period, is undoubtedly important. Machines with newer conditions and warranties can prevent you from spending a significant amount of time sending them back for repairs, which can affect mining earnings. This is especially true during a bull market, where the loss of one week of mining due to machine downtime can be staggering.

Machine price: For some experienced buyers or participants in the mining community, purchasing mining machines is not a difficult task. However, due to the relatively closed nature of the mining community and the lack of price transparency, if you do not conduct in-depth research on prices when purchasing mining machines, you may fall victim to scams. It is highly recommended to compare prices from multiple sources, even up to ten, to avoid falling into traps. You can also refer to the price index on AsicFinder.com, which is based on big data analysis of quotes from numerous mining machine suppliers in China. It provides a relatively accurate reference for prices.

Conclusion: When purchasing mining machines, it is essential to conduct thorough research and due diligence to ensure a successful mining investment. Factors such as selecting promising coins, considering machine efficiency and coin price fluctuations, being cautious with new coins, evaluating inventory types, machine condition, and comparing prices are crucial for making informed decisions. By following these guidelines, Bitcoin miners can increase their chances of success in the mining industry.

[recentlyheardcom]

Bitcoin Price Surges Past $63,000: The Key Reasons

After a decline to $53,600 last Friday, the Bitcoin price experienced a major recovery over the weekend, exceeding the $63,000 threshold today. This marks a massive 17% increase since last Friday, reaching this level for the first time in two weeks. The rally can be attributed to several factors that collectively propelled the premier’s cryptocurrency’s price upward. #1 The “Trump Bitcoin…

[mekongmonkey]

With #bitcoin back above the 200-week SMA, much higher prices are the most likely path forward. However, the resistance level at $28.8K remains unbroken for now.

[sammy6688]

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Goldberg is a cryptocurrency investment application website, Bitcoin, USDT, ETH, cryptocurrency news, investment projects have mining, new energy, oil, power plant projects, resort tourism projects

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[omniaverse-io]

Dear Apex Chain Users,

BitForex has completed the OmniaVerse (OMNIA) Mainnet Migration, OMNIA_APEX deposit and withdrawal services are now available.

[tradermade]

Bitcoin price surges to $58,281! Lower US inflation (CPI 2.5%) and $44.32M in ETF inflows boost confidence. BTC poised to break $59,500, eyeing $63,500. Strong mining network adds support. Will Bitcoin continue its climb? to keep upto date with similar news visit https://markets.tradermade.com/cryptocurrency.

[36crypto]

Daily Digest: Crypto Market Charting Green, SUI Outperforms With 18% Growth

Technology stocks rally in the U.S. brings positive momentum to Bitcoin after yesterday’s correction. Meanwhile, SUI leads the altcoin market with an 18% price surge. The crypto market entered positive momentum as its total capitalization surged past the critical $2 trillion resistance, indicating strong market resilience. This 1.2% daily breakout has become a positive sign for investors,…