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Bitmain's Journey: From Start-Up to Crypto Mining Dominance
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Welcome to part 3 of a 4 part video to learn about the foundations on mining cryptocurrency. Part 1: What is mining and how miners make money. Part 2: How to install and begin running your Antminer. Part 3: How to connect your miner to a mining pool. Part 4: How to manage your earned cryptocurrency. | BITMAIN
3:51
Welcome to part 3 of a 4 part video to learn about the foundations on mining cryptocurrency. Part 1: What is mining and how miners make money. Part 2: How to install and begin running your Antminer. Part 3: How to connect your miner to a mining pool. Part 4: How to manage your earned cryptocurrency. | BITMAIN
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If mining Bitcoin is profitable 📈 than why the companies are selling machines to mine Bitcoin ? Because selling mining machines can be more profitable, lower risk, and more scalable than mining Bitcoin themselves. Here's a breakdown: ✅ 1. Profit vs. Risk Trade-Off Mining Bitcoin involves: • Electricity costs • Operational overhead • Price volatility • Hardware depreciation Manufacturers like Bitmain (Antminer) or MicroBT (Whatsminer) avoid those risks by selling hardware up front at a profit, l
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