IDEAS home Printed from https://ideas.repec.org/a/abx/journl/y2023id715.html
   My bibliography  Save this article

Investing in Cryptocurrency Mining on the Example of Bitcoin

Author

Listed:
  • H. N. Kostukova

Abstract

The development of scientific and technological progress contributed to the formation of the so-called digital economy. The transformations affected, among other things, the monetary, financial and investment spheres. The emergence of bitcoin and other cryptocurrencies has expanded the list of investment assets. Today, not only independent investment is relevant, but also digital investment solutions are to be taken into account. One of the modern types of investments is investments in cryptocurrency mining. This article examines investments in the mining of one of the most famous cryptocurrencies - bitcoin. The difference between digital and cryptocurrency is clarified, the main sources of cryptocurrency are considered, the main attention is paid to mining. The study determines the profitability of bitcoin mining and compares the profitability of investing in bitcoin mining with the profitability of investing a similar amount of resources in a bank deposit.

Suggested Citation

  • H. N. Kostukova, 2023. "Investing in Cryptocurrency Mining on the Example of Bitcoin," Digital Transformation, Educational Establishment “Belarusian State University of Informatics and Radioelectronicsâ€, vol. 28(4).
    • Handle: RePEc:abx:journl:y:2023:id:715
    DOI: 10.35596/1729-7648-2022-28-4-36-42
    as

    Download full text from publisher

    File URL: https://dt.bsuir.by/jour/article/viewFile/715/265
    Download Restriction: no
    File URL: https://libkey.io/10.35596/1729-7648-2022-28-4-36-42?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:abx:journl:y:2023:id:715. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ð ÐµÐ´Ð°ÐºÑ†Ð¸Ñ (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.