Satoshi Nakomoto’s invention of Bitcoin, “a peer-to-peer electronic cash system,”opened up an entirely new frontier, not just of freedom but of occasionally outrageous profits.
Those with a strong interest in such things, namely cypherpunks, cryptographers, technically-minded libertarians and assorted hackers, were first to stake their claim.
But is there still gold in them thar hills?
The fact is:
Bitcoin mining has grown from a handful of early enthusiasts into a cottage industry, into a specialized industrial-level venture. The easy money was scooped out a long time ago and what remains is buried under the cryptographic equivalent of tons of hard rock.
The sad truth is:
Only those with specialised, high-powered machinery are able to profitably extract bitcoins nowadays. While mining is still technically possible for anyone, those with underpowered setups will find more money is spent on electricity than is generated through mining.
ASICminingshop.org is one of the suppliers of the powerful equipment needed for mining bitcoin.
But recent events made crypto mining not to be profitable as it once was, and crypto businesses took a huge hit, including crypto mining wholesalers.
ASIC Mining Shop has just announced they’re closing, debuting with a closing SALE, with 50-70% discounts on crypto mining equipment.
This announcement made people start considering mining again, reports show increased number of orders on the Asic Mining Shop website.
Their announcement of closing took a lot of people by surprise, but for some this is a very good opportunity to expand their mining operations.