Is mining legal, and what taxes need to be paid in Estonia? In Estonia, mining is a legal activity. However, as with any business, it's necessary to consider tax obligations. For more information: https://www.emta.ee/uudised/tuludeklaratsioon-puudutab-ka-kruptoinvestoreid
- What is the best cryptocurrency to invest in right now?
It is impossible to accurately predict which cryptocurrency will prove to be the most profitable. Our company focuses on two main directions: conservative (Bitcoin, Litecoin, Ethereum), where currencies are less volatile and have a predictable increase in difficulty, and progressive (Kaspa, Kadena, Monero), which are characterized by higher volatility and unpredictability in the growth of difficulty.
- How to "withdraw" money earned from mining?
You can withdraw funds through the debit cards of exchanges such as Bybit, Binance, Crypto.com, and others. Nicehash also offers the option to withdraw funds directly to a bank account. In Estonia, there are many exchange points and opportunities for P2P exchange.
*During registration, you can use our promo codes to receive bonuses: Binance: https://accounts.binance.com/register?ref=28505757
Bybit: https://www.bybit.com/invite?ref=1YJ74O
Nicehash: -
Mexc: https://m.mexc.com/auth/signup?inviteCode=1UJTg
OKX: https://www.okx.com/join/76507569 KuCoin: -
- What services can assist in market analysis?
To analyze the market, track the growth of difficulty, and monitor currency rate changes, you can use specialized services.
A list of services:- asicminervalue.com - Mining equipment profitability explorer. Only for ASIC miners.
- hashrate.no - A more advanced explorer. Shows profitability for miners on graphics cards, central processing units, and ASICs.
- coinmarketcap.com - Current cryptocurrency rates.
- bits.media/difficulty/bitcoin/ - Current mining difficulty. A convenient explorer with the ability to switch between cryptocurrencies.
- minerstat.com/coins - A convenient explorer for various coins. Shows profitability, difficulty, price.
- whattomine.com - Profitability calculator for estimating potential mining profits.
- coindesk.com - One of the leading sources of news and analysis in the field of cryptocurrencies and blockchain technologies.
- cryptotech.ee - Our website and store.
- Why is it safest to store money in a cold wallet?
Storing funds in a cold wallet is considered the safest because it is not exposed to the risks of hacking attacks, software errors, or legislative changes, unlike exchanges. However, if the seed phrase is lost, it will be impossible to regain access to the funds.
- What are the current trends and forecasts in the mining industry?
Currently, large-scale and industrial mining are experiencing stability, with consistent investments in the industry over the past 10 years. Home mining in Estonia and most European Union countries is becoming less profitable, particularly due to the high cost of electricity and the lack of stable currencies for mining on home equipment.
- Which cryptocurrencies are suitable for mining and why?
Cryptocurrencies that use the POW (Proof of Work) consensus are suitable for mining. The main coins that the company works with include BTC, LTC, ETC, KASPA, KADENA, DOGE, MONERO.