There are several factors to consider when determining the profitability of Bitcoin mining. To get a rough estimate of energy costs and profitability, any online Bitcoin mining calculator will give you a good ballpark number. However, there are other factors and expenses to carefully consider. If seriously considering mining Bitcoin, one needs to consider the following: Initial hardware costs for mining gear and its durability (from $2500-$6000 per Bitcoin mining machine, called an ASIC)The network hashrateElectricity prices in mining … [Read more...] about How to Calculate Bitcoin Mining Profitability
Archives for May 2021
One of the biggest decisions any investor must make in the early stages of growing their wealth portfolio, is what kind of trading they want to do. There are plenty of ways to invest in securities and assets to see either a long-term, or short-term return. Most of the time, traditional investment options involve placing your money in an environment where it can grow gradually over the years. However, if you understand the financial market, or have a knack for things like stocks and securities, then you might prefer to take a more active … [Read more...] about Swing Trading: What Does it Really Mean?
The COVID-19 pandemic has left many people wondering about their current career of pursuing a new career. When you have lost a job as a result of the pandemic or are in an industry that is now struggling, it really can be a juggle to see how things are going to work for you and make money online. How to Make Money Online Considering other options, particularly those that can be done from home and online, can make a big difference to your finances by making money online. Here are some things to consider, if you’d rather not go down the … [Read more...] about How You Can Make Extra Money Online Right Now
The following is a guest post by Neil J. Farber, MD, the author of Serendipity. Utilizing Everyday Unexpected Events to Improve Your Life and Career., where Dr. Farber explores the profound role that happy accidents have played in the creation of many things we take for granted, and takes it one step further to teach readers how to recognize serendipity and turn it into something meaningful. If you'd like to contribute a guest post to Money Q&A, be sure to check out our guest posting guidelines. Most people think of serendipity as a … [Read more...] about Serendipity in Your Career
Morningstar Direct reveals that the S&P 500 dipped nearly 12% on 16th March 2020, and within 17 days, it had recovered fully, according to a report on CNBC. A market crash is inevitable, and as a stock investor, you’re likely to experience many cycles of boom and downturns. The good news is that market volatility doesn’t last long. However, the duration it takes for your savings to rebound in the market depends on allocation. For example, it took a portfolio with over 70% of stocks and the other percentage in cash and bonds … [Read more...] about Tips to Protect Your Investment from Stock Market Volatility
Expensive taxes are stressful to the average business owner. The last thing an entrepreneur wants to do is to spend all their hard-earned income settling government tax obligations. Finding ways to minimize your tax liability can benefit your profit margin. Apart from consulting an experienced tax attorney, here are five clever ways to reduce your business’s taxable income and avoid being cheated by the IRS. 1. Employ your family members One proven strategy to cut down your business taxes is to recruit more workers from your own family. … [Read more...] about Smart Ways to Minimize Your Business Tax Liability