Is mining still the way for individual investors to realize their wealth dreams?

Time:2022-02-27 Source: 2360 views Mining Copy share

According to a data report, ETH miner revenue hit the lowest point in 18-month of $202,766.09. Earlier reports indicated that the difficulty of mining virtual currency is increasing rapidly. After years of development, is mining still the way for individual investor to realize their wealth dreams? Former British Chancellor of the Exchequer Hammond warned individual investors should not to put their money in virtual currencies.

Many people may remember what happened in 2021. Funding from large institutions makes bitcoin's price rise rapidly. Although virtual currency only accounts for a small part of the capital allocation of these large institutions, the funds are far from comparable to the individual investor’s funds. Some people predict that mining will be a large-scale industrial production, and the big institutions will be the mainstream of mining in the future.

In fact, mining is a capital-intensive business.It requires continuous equipment upgrades and huge capital investment. So it’s not friendly to individual investors.The current investment threshold of mining is very high and will get higher and higher. There has long been no living space for individual miners other than mining farms and mining pools.the mining business model has changed dramatically. Ironically, decentralization is the hallmark of Bitcoin, but the mining industry is moving toward centralization.

The trend of the concentration of mining resources to leading enterprises is becoming more and more prominent, which leads to the further expansion of the competitive advantages of leading enterprises.Returning to the topic we started with, is mining still the way for investors to realize their wealth dreams? That may still be the case.

The LLGO platform was established in 2021, focusing on the blockchain data center industry. Invested in the construction of 6 blockchain data centers in Eastern Europe, the United States, Canada and other regions. The power supply exceeds 100MW, and the mining machine hosting scale exceeds 30,000 units. LLGO is committed to creating the most reliable digital asset mining ecological services and providing professional, authentic and reliable high-quality services to global mining investors.

LLGO mine provides miners with a series of packaging services from mining machine procurement, mine hosting, mining pool connection, operation and maintenance management, mining machine maintenance, etc.The business scope is not limited to mining services such as cloud mining and cloud hosting, but also provides services such as cryptocurrency wallets and transactions around the mining ecology. Through the LLGO platform, that is All things related to cryptocurrency mining can be handled without the hassle of tedious processes and learning.

Individual investors do not have to worry about the security of the platform. There are something about risk control of fund participating. First,Mine guarantee and custody operation.Second,The user has paid 50% of the mining machine property right. Third, Wallet has regulatory and joint account. Fourth,Priority in liquidation and transparency of asset audit. Fifth,Third party insurance shall be responsible for mining machinery assets.

The project of platform operation division including and is the first one-stop trading platform to connect banks and digital currencies in the world. The trading method of the platform is so simple that inexperienced individual investors can also join the trading of virtual currency. The platform supports transactions in US dollars, euros and pounds.

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