Mining cryptocurrency at the current rate has nothing to do with the profits at this moment

When you say you’re mining cryptocurrencies, many people say the following.

“With the current rate, how much would you roughly earn per day?”

Or,

“With the current rate, isn’t it in the red?”

That’s the pattern.

Indeed, given the current price of cryptocurrencies, mining difficulty, and electricity costs, it’s very easy to judge how much you might earn per day, or if you won’t earn anything, and I check it now and then.

But this isn’t a very meaningful conversation.

Because the rewards obtained from mining don’t have to be exchanged into Japanese yen at the current rate every time. At least, I’ve been accumulating in my wallet all along.

In other words, I’m HODLing, so when the cryptocurrency rate goes up, the value of all the mined amounts up to now increases; if it goes down, so does the value.

And cryptocurrency mining operates on the assumption that “the price of cryptocurrency will rise over the very long term.” So there’s no need to worry about current-rate profitability (though, in reality, I do kinda worry about it, lol).

First of all, mining is the act of generating cryptocurrency gradually from zero. You don’t need upfront capital, so the current rate doesn’t directly affect it (though parts and electricity costs are involved).

So, the other day the mining room temperature hit 42°C. That won’t deter me.

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〜 Home cryptocurrency mining 〜

Mining at home is digging up a mountain of treasure; it’s the romance of a man

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Musashi Shikanai, the man most obsessed with cryptocurrency in the FX攻略.com editorial team,

unveils how to build a mining rig from scratch!

Anyone can start home mining just by following along!

・Invest at home! A complete guide to building a cryptocurrency mining PC

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