Mining is more profitable than speculation in cryptocurrencies

in #mining7 years ago

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Experts from the University of California conducted a study that showed that the speculation of digital currencies is not as profitable as it is considered.

Scientists have made a number of calculations, as well as analyzed the possible profits from mining and compared it with the speculation of almost two dozen altcoins. Bitcoin, Litecoin and Ethereum did not participate in the study.

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Experts turned to the real trading data and took into account the costs associated with the production of coins. It turned out that the profit from mining is more stable than when trying to earn on speculation altcoins. Return on investment in mining was from 7 to 18%, while speculators can expect only 1 to 0.5% of income.

The researchers clarified that the digital asset market is quite unstable, and the monitoring was carried out for several days, respectively, their forecast should be considered short-term.

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,,,,I was having these thoughts a few days back. Interesting to see them in print....

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