Despite the market’s declining in the long-term perspective mining is profitable

161
Elena Klimovich

17:30 05/08/2022

161
Despite the market’s declining in the long-term perspective mining is profitable

Such a conclusion made the founder of PolySwarm Steve Bass. According to his words the price for ASIC-miners is about $8000-12000. Counting the cost of energy makes miners pay a big part of their income for the resources. Until the self-payment they have to wait for 5-6 years.

But Bass is sure that mining is still a profitable thing. He thinks from the perspective of halving that will be held in 2024. That’s why a good strategy for miners now is to mine and sell the crypto assets in the future when the price will rise.

At the same time the founder of PolySwarm admits the risk that it won’t happen. In this case there will be negative consequences because such a term is too long for equipment exploitation.

Also Steve Bass expressed the positive assessment that the new Antsminer predicted that water-cooled machines will be popular on the market in the future.


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