Cryptocurrency mining entered the global spotlight following the meteoric rise of cryptocurrency prices last year, providing users with significant returns on their investments.
People are still buying miners, a 7%-30% ROI per month based on the different cryptocurrencies out there is still a great ROI.
Bitmart sells a wide variety of miners in South Africa, including many which can deliver good returns.“The focus is off Bitcoin for now due to the low price, but the income on some other miners is very good.”
Serfontein said Bitmart has stopped providing cloud mining services to customers, however, as there is more profit to be made by customers when buying the hardware.
“Owning a rig makes a lot more profit than cloud mining and clients keep comparing earnings with online calculators that don’t factor in hosting costs, so it was a hard sell.