What is managed cryptocurrency mining and why does it make sense for many people?
With all the publicity, attention, hyperbolic activity, and confusion surrounding the blockchain and cryptocurrency, it is easy to understand why so many people are flocking to it and also why so many people are running away from it.
In addition, the coins themselves – such as bitcoin – have wildly fluctuated in value over the last few years. Just like as with traditional markets in stock, bonds, and arbitrage; timing markets is just about impossible and most market timers lose everything. It is also important to consider, if one were to get involved in buying one, or more, of the 1500 coins on the market, who knows which one to buy or sell and when to do it.
That is why we feel the play in cryptocurrency is the mining. 99% of the coins and other blockchain transactions require mining to create new currency and validate transactions. The sheer amount of “horsepower” needed to help manage the new crypto market makes mining the opportunity for today. And managed mining makes this complex technology available to the average person who does not have specialized knowledge or skill.
- Individuals own 100% of their computer systems.
- The computers are leased for five years on the same day they are purchased.
- The computers are completely managed for owners.
- The computers are placed in company owned state of the art facilities.
- The computers are refurbished and updated to “as new” status each year.
- The computers earn money irrespective of the value of any particular coin.
- The computers have redundant components and backups built in.
- This is similar to owning real estate and leasing it.
- The buy in is much lower than real estate.
- The revenue from the lease as a percentage of the purchase price is very high.
Therefore, our conclusion is everyone should investigate “managed mining” as part of their due diligence before getting involved in the cryptocurrency market.