Problems and Trends

It is the high cost and block difficulty of cryptocurrency mining. Cryptocurrency mining requires significant computational power, which can be expensive to purchase and operate. Additionally, it can be difficult for individual miners to compete with larger mining operations, which have access to more powerful equipment and economies of scale.

BeMine aims to make cryptocurrency mining more accessible and profitable for individuals by offering a platform that allows them to mine cryptocurrencies online without having to own or operate expensive equipment directly. The platform provides access to state-of-the-art mining equipment and pools together the resources of multiple small-scale miners to improve their chances of earning rewards from mining activities.

In addition, BeMine also provides the opportunity for users to purchase shares of mining equipment, which can be a more affordable and cost-effective way to enter the cryptocurrency mining market.

BeMine's solution to the problem of high costs and block difficulty in cryptocurrency mining aims to make it more accessible to a wider range of individuals and to enable more people to benefit from the potential rewards of cryptocurrency mining. The issue also has a trust component to it. We must make sure that our money is always in trustworthy hands when we give it to other people. It is also impossible to avoid regulation in this situation because users must be able to defend their ownership of the equipment if necessary. And BeMine usually fulfills these requirements.

Let’s get to TRENDS we discovered :

Cloud mining today is in all-time greatest demand.

In recent years, the relevance of cloud mining has been continuing to grow as the Bitcoin network spreads around the world.

Difficulty of the network continues to grow.

And mining profit continues to decline. This happens due to halving and will always be so until the last coin is mined in 2140. The more of us – the less each of us will mine Bitcoins. We have to hurry up.

Mining cryptocurrency has never been easier.

Almost everyone can begin to place and maintain equipment with a minimum set of conditions and the availability of cheap electric power. This provides incredible possibilities for organizing services of private mining hotels.

Mining in Russia and CIS is a strategic opportunity.

They inherited many industrial enterprises and structures from the Soviet Union. This allows its residents to create excellent conditions for mining cryptocurrency.

Users want to mine more.

However, this is impossible, due to the fact that there are only 21 million Bitcoins. And halving reduces the profitability from mining every 4 years by half. At the same time, more than 18.7 million coins have already been minted.

Mining hotels also run the risk.

Not only the owners of the equipment – the mining hotels are also fragile. Equipment breakdowns, accidents, insolvency of customers – all this put private and public hotels at the risk of bankruptcy and premature closure.

From our point of view, the aforementioned trends signify the need for a reliable intermediary specialized in cryptocurrency mining. Such an intermediary should take into account both the current circumstances and the specifics of the market as a whole and cryptocurrency mining in particular.