In recent years, the cryptocurrency market has been booming, and mining, as the only way to produce bitcoins, has received increasing attention. BitFuFu, invested by Bitmain, stands out at this time with its innovative technological capabilities and stable supply scale. Its cloud mining products greatly reduce the entry threshold for investors, allowing ordinary investors to easily enter an industry that was previously only accessible to mining companies or large miners. Cloud mining not only lowers the mining threshold but also helps investors reduce a series of unexpected risks, including mining rigs, mining sites, and operation and maintenance. It has attracted attention from both the cryptocurrency industry and traditional industry users. Among them, David Kotlyar, a long-time investment practitioner from Germany, and Michael, a senior banker, are notable representatives.
David is a professional investor and blockchain practitioner who, after experiencing the ups and downs of the BTC cycle, developed a management strategy for navigating the bull and bear markets. Throughout the investment process, he places particular emphasis on reliability and returns. David began purchasing cloud mining products since BitFuFu’s inception, believing BitFuFu’s cloud mining products were the ideal choice in the current environment. BitFuFu’s reliability is well known in the industry, thanks to its deep cooperation with Bitmain in mining sites and mining rigs, and he also appreciates the real-time monitoring of each order’s hash rate via third-party mining pools, and the automatic payment of daily income to personal wallets, which alleviates financial concerns. To mitigate risk, David spreads out his order placement times, purchases long-term products to lock in low costs, and purchases short-term products to play the game with difficulty and bitcoin price, distributing the risk of fluctuations in earnings.
Another user representative, Michael, has over ten years of experience in the banking industry with a deep understanding of finance. After learning about BitFuFu’s cloud mining products, he decided to purchase his first 120-day cloud mining product in December of 2022. According to his calculations, with the 75% increase in the bitcoin price from 16,000 to 28,000, this cloud mining product could recoup all costs in 40 days, three times faster than usual, resulting in a very high leverage effect. The higher the proportion of service fee, which can be paid by installment, at the bottom of the bear market, the higher the leverage of mining funds, which means that with very few hash rate fee as down payment of the cloud mining product, he can lock in a low-cost bitcoin acquisition price for a longer period. Of course, this approach also has its risks. Since the hash rate fee is a one-time payment, the hash rate fee may be lost if the bitcoin price continues to fall and is lower than the breakeven price. However, since he thought it was a bear market, and hash rate fees were very low, and daily mining and selling was sufficient to offset the risk of bitcoin price collapse. Moreover, BitFuFu uses the latest mining rigs, so when other older models shut down, the latest mining rigs can be restarted, which helps to mitigate some of the risks.
David and Michael represent many users of the BitFuFu platform, all of whom prioritize reliability, stability, and profits. BitFuFu’s cloud mining products provide real-time monitoring and daily automatic payouts, enabling users to better manage their product strategies. At the same time, BitFuFu’s cloud mining solutions offer options for different periods ranging from 30 days to 1080 days, allowing users to choose according to their own needs and risk tolerance. Whether they are experienced users like David and Michael, or novice users who are new to the experience of mining, they can find suitable solutions in BitFuFu’s products to achieve safe and stable bitcoin or fiat currency returns.
As a leading global cloud mining service provider, BitFuFu not only offers cloud mining services but also a range of services that include mining rig rental and hosting, catering to different user needs. BitFuFu is committed to providing users with efficient, reliable, and stable mining solutions. For users looking for a reliable, stable, profitable, and easy-to-manage mining solution, BitFuFu is the ideal choice.
For more information about BitFuFu and their mining solutions, please visit: BitFuFu.com
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.