Some of the most known cryptocurrencies are Bitcoin, Ethereum, and Chia, especially when it comes to crypto mining. But despite their popularity, they are far from ideal – with poor outlook, high investment risk, and suspicious use-cases.
As you may know, crypto mining requires a lot of generated power and expensive equipment. This conflicts with our concern for the natural environment, which needs renewable energy and low e-waste. Meaning that these popular coins have poor future outlooks.
Just think about it. When Bitcoin is down, most crypto miners quit their activity, so the mining equipment is often thrown away altogether. And even if you don’t stop your activity, the hard disk drive needed for mining Chia, for example, lasts for just a couple of weeks.
The investment risk
As we said before, crypto mining usually requires expensive equipment – hardware, ASICs, GPUs, HHDs, you name it.
These instruments can cost miners thousands of dollars to obtain a substantial market position. In addition, certain equipment, like ASIC, has no use or function other than mining itself, and it’s exclusive for a single type of coin.
Those high investment levels imply a very high risk for prospective miners, and since market saturation can occur any time, it may not deliver long-term profits.
The speculation risk
The speculation on the markets affects crypto mining. Intensive speculative periods leading to inflationary market prices make the economic activity even more unsustainable in the short run.
Those coins that survive nearly in any market circumstance are the best mining investments you can find. An essential prerequisite for such mining is getting a genuine coin – whose demand is up, no matter these circumstances.
Meet Crypton (CRP)
Utopia is an unmatched P2P revolutionary ecosystem. It offers a free, encrypted version of the internet, with Crypton being its core cryptocurrency. Users can register domains, host websites, make and receive payments, all run with the CRP.
Crypton is one of the most accessible cryptocurrencies for mining. That’s because it needs just a public IP and a high-quality internet network. That’s all — no additional equipment ready to be wasted.
Now that we need surveillance and censorship more than ever, Utopia is more than welcome. So level up your crypto mining game and choose Crypton as your key asset!
Disclaimer: This is a paid post and should not be treated as news/advice.