In today's digital currency market, as currency prices rebound, Bitcoin has once again set off a surge, attracting more and more investors and miners. However, in this craze, newbies often face various deceptions and traps. Let’s delve deeper into this phenomenon and reveal the pros and cons.

Judging from the rebound in currency prices, Bitcoin has been soaring and has become the focus of investors' attention. Behind this phenomenon is the gradual maturation of the digital currency market and the interaction of various factors. The price fluctuation of Bitcoin has attracted more people's attention to the digital currency and also promoted the prosperity of the mining industry. In this process, novices are often attracted by high profits, but they can also easily fall into deception.

As the price of Bitcoin soars, the mining industry becomes even more popular. More and more people are joining the ranks of mining, hoping to obtain huge returns through mining. However, there are many hidden pitfalls. Some criminals take advantage of the ignorance of novices and defraud them of their funds through false mining platforms or fraudulent means. Therefore, novices must be extremely cautious when choosing a mining platform to avoid falling into traps.

In addition to mining platform fraud, novices also need to be wary of various investment scams. With the popularity of the digital currency market, investment scams are emerging one after another, and novices often become the main targets of fraudsters. Some false digital currency projects promise high returns, inducing novices to invest blindly, which ultimately leads to property losses. Therefore, novices must be cautious when investing in digital currencies to avoid falling into the trap of investment scams.

We have some suggestions for newbies who are easily deceived in the digital currency field. First of all, novices should strengthen their understanding of the digital currency market, increase their risk awareness, and avoid blindly following the trend. Secondly, choose formal mining platforms and investment projects to avoid falling into fraud traps. Finally, it is recommended that novices seek guidance from professionals, learn correct investment concepts and methods, avoid risks, and protect the safety of their property.

Overall, the Bitcoin surge and mining boom are hot topics of discussion as the digital currency market continues to grow. However, novices are often easily deceived in this carnival, so they must remain vigilant, invest rationally, and stay away from deception. Only in this way can we truly enjoy the convenience and benefits brought by digital currency, avoid property losses, and achieve the goal of wealth appreciation. I hope every investor can navigate the world of digital currency with ease, overcome obstacles, and reach the pinnacle of wealth!

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Bitcoin has rebounded sharply recently, rising to around US$8,800. In an instant, mining machine manufacturers, scalpers, second-hand merchants, and mining farms have come back to life. Ant Continent has begun to perform the old routine of pre-sales again, but it is different now, Ant In the hearts of miners, they fell off the altar early. After years of technology development by various mining machine manufacturers,

Bitcoin has rebounded sharply recently, rising to around US$8,800. In an instant, mining machine manufacturers, scalpers, second-hand merchants, and mining farms have come back to life. Ant Continent has begun to perform the old routine of pre-sales again, but it is different now, Ant In the hearts of miners, they fell off the altar early. After years of technological catching up and the sharp drop in currency prices last year, various mining machine manufacturers have basically squeezed into the same starting line as ants. The days of one dominant company are gone forever. Yes, this is definitely a good thing for our miners. There are many good machines produced by many manufacturers, and the options are greatly increased.

At present, the mainstream models on the market are Antminer s17, Innosilicon t2t, Ebit e11 series, high-computing power Whatsmin m20s, and Xtron U8. The veteran Avalon and other niche mining machines with various algorithms are dazzling. As a newbie in mining, I may be a little confused when faced with so much information. Today, the captain will briefly tell you how to avoid detours and avoid falling into pits.

Purchasing a mining machine to make a profit will inevitably involve return on investment. This return cycle is closely related to electricity prices, currency prices, and mining machine prices. Then when we choose a mining machine, we choose the optimal mining machine combination based on our own funds and the electricity price we can obtain, so as to return the money as soon as possible and complete the project return. At the same time, the reduction in coin mining caused by the increase in computing power and the fluctuation in book income caused by currency price fluctuations are taken into consideration. Affected by the sharp correction in currency prices last year, electricity prices generally dropped during the wet season this year, ranging from 0.27 to 0.3 depending on the number of machines. This time last year it was between 0.35 and 0.4. Based on Innosilicon T2T's 30t computing power and power consumption of 2200w, it can mine 0.00117 BTC per day for about 63rmb. Calculated with an electricity price of 0.3, the net income is 47rmb, and the payback period is 134 days. The return period of this mining is calculated based on the current currency price and computing power, and will be shortened or lengthened.

For those who want to buy second-hand mining machines, don’t touch the T9+. At the end of last year, they were sold as scrap metal for 50 yuan. They were of poor quality, high power consumption, and low risk resistance. Second-hand S9 and the like can still last until the end of the year. Not a big problem. Mining machine prices follow the currency price, and now the prices of 14T and 15T machines have increased by more than 30% compared to last month. Don't touch Ant's futures either. It's a waste of time and amplifies risks. All major manufacturers have sufficient supply.