Why is that NOW is the best moment to start mining?!
Well, maybe not! The best moment to start mining was yesterday!
But because we are living in the moment and we are not able to time travel, NOW is the best moment to start Bitcoin Mining.
WHY NOW?
The Bitcoin mining difficulty strength (an indicator that I came out in the article MINING DIFFICULTY IS A MYTH) is in the lowest value of the month.
Why is the Bitcoin Mining Difficulty Strength in the lowest value of the month? Although it is true that the difficulty value has grown a lot this month with a positive variation of 14%, the Bitcoin price variation is much bigger: +88%.
Oh yes!!! If you want to grow you big ass mother f'ucker bitcoin mining business, the best moment was one month ago!! The second best moment is NOW!!!
This is the miners midnight dream brah!!! Having a price varion much bigger than the difficulty variation!
Let’s get into the numbers!
I’M JUST GOING TO SMASH THIS PUSSY DIFFICULTY SHIEEET!!!
I’m not going to bore you with the data, I’m just going to show you the juicy graphs!
As you can see here, there is a nice correlation between the price variation and the mining difficulty.
As we all know, the difficulty translates how difficult is to find a new block. This difficulty is frequently adjusted according to the existing hash power deployed by the miners. Usually, bigger the price, more people is interested in mining. IT’S THE GOLD RUSH!
(the difficulty is adjusted every 14 days; if there were mined 2016 or more in 14 days the difficulty goes up, if not, goes down OR if average time to solve a block > 10 minutes, difficulty, if < than 10 minutes goes up )
Bigger the Bitcoin price, bigger the difficulty. However, you can see that is the difficulty that goes after the price and not the price that goes after the difficulty. This means that there’s always a delay between the price variation and the mining difficulty. And the good news is that this delay works in favor of those who are already mining!
###Now take a look at the beautiful Difficulty Strength Index that I created! POWER!!!###
This month's difficulty is in their minimums! This means that this is the best moment to start mining!
This means that the price variation was much bigger than the difficulty variation, making the mining business more profitable.
Hum… by the way, the inverse of the indicator Difficulty Strength Index could be called something like Mining Profitability Index!
Last 2 years Difficulty Strength Index average was 12,5% and at this moment it sets at 21% after droppin from 35%!
So… heads up, this is a good moment to start mining, either mining at home with your own machines or mining with Cloud Mining companies!
Some time ago I tried to mine at home but the electricity price and lack of technical knowledge made it really hard.
At this moment I’m mining only with Cloud Mining and I AM LOVING IT!
You have no excuses not to make money! Take a look at this article to understand how much you can make with the mining business: https://steemit.com/bitcoin/@bitatlas/hold-bitcoin-vs-bitcoin-cloud-mining-what-s-the-best-investment
and… start investing! By the way, IF YOU WANT TO START LET ME KNOW. I can advice you a couple a couple of legit Mining Companies and save you time and money!
Take a look at my other posts, you may find interesting stuff!
If you enjoyed, Upvote, Reestem and let me know what do you think!
BTW Ladies and Gentlemen! If you would like to try Hashflare Mining, you can start from as small as $1 something here: https://hashflare.io/r/FDE616B8
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Great post. Upvoted, Followed and Resteemed.
Heeeyyyyyy thanks mate! Me too!
On the contrary now is the worst time to start mining.
See my post titled: Cryptocurrency Mining is OBSOLETE!
https://steemit.com/bitcoin/@slavix/message-to-all-mining-is-obsolete