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how much does it cost to start a mining company in south africa

Crushing Plant

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The combination crusher is a new generation high efficiency crushing machine designed and researched by integrating the domestic and foreign crusher technology with the same kinds and optimizing the main technical parameters.
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bitcoin mining south africa - bitcoin south africa

After getting countless emails and cries for help from people who have tried and failed at bitcoin mining, this article is to warn people that while you can make money, you can also lose a lot of money

New users of bitcoin are the most excited about possibly earning a living from mining bitcoin, or even just to have it as another stream of income. The reality is though, that bitcoin mining is expensive, requires adequate technical knowledge of bitcoin and the mining process, as well as some level of computer skills and possible troubleshooting or problem solving skills

Bitcoin mining is kind of the digital equivalent of the analog mining for gold. In the old days, if you were a gold miner, and were lucky, you could make a fortune. The problem was then that everybody decided to also start mining gold, and soon all the easy to find gold was gone. The harder to find gold was deeper in the ground or rock, or needed bigger and more specialized equipment to mine it

bitcoin mining south africa - bitcoin south africa

This is sort of the same with bitcoin mining. The easy to get bitcoins were mined years ago when you could use your laptop or home computer to mine a few bitcoins a day. These days you need the top of the range ASIC miners to stand a chance of mining any bitcoin, and they dont come cheap, or with a guarantee of being profitable. This is especially true since the bitcoin halving, when mining profitability was cut in half, an event that happens roughly every 4 years

No matter how much bitcoin you can mine each day, and how much it is worth, you are not profitable until you have earned MORE bitcoin than you have spent on your hardware, electricity, internet, or any other costs you might have like rent, customs fees, or even petrol. You need to FIRST cover the cost of your mining hardware and all running costs before you are profitable

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