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Investing in mining

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The concept of mining appeared simultaneously with the emergence of cryptocurrencies. It is the process of creating a new coin of a cryptocurrency. The advantage of this process is that it’s a way for you to get bitcoins without paying for them, and that literally everyone can do this. Your own hardware is basically all you need. Moreover, you can create new coins using your browser as well. In this article, we will consider the feasibility of investing in your own equipment for the production of cryptocurrencies.

The more a specific cryptocurrency is mined, the more difficult it becomes to mine. This is inherent in the crypto algorithm, and it is impossible to get around it. Therefore, equipment power requirements are growing rapidly. At the moment, using a computer video card, it makes sense to mine only new cryptocurrencies with low complexity of the algorithm. Bitcoin, Litecoin are already being produced only with the help of ASICs.

However, these requirements are not so strict if you want to start trading. Today it is not a question where to buy tether, bitcoin, and other cryptocurrencies – The Jing Stock is where you have to go. This legal and safe platform is the fastest way for you to start trading.

Talking about mining, you need to choose the right equipment. This choice depends on what kind of cryptocurrency to mine. At the moment, there are only 3 options:

• a computer with a very powerful video card;

• video card farms;

ASIC – a device that contains a set of specialized microcircuits suitable exclusively for mining.

Let’s consider the option of a video card farm. This is a popular option for mining altcoins. A standard farm is a block of several video cards. But video cards by themselves do not work, so the farm still needs a motherboard, processor, RAM, hard drive, and power supply.

The optimal number of video cards for one farm is 4 pcs. This is due to the choice of the motherboard. Motherboards for 4 slots are popular and reliable. The more slots a motherboard has for video cards, the more frequent glitches and breakdowns, which means equipment downtime.

Processor power does not play a role in mining, so a simple 2-core will suffice. The minimum requirements for RAM are 4 GB. A hard drive is better to choose an SSD with a volume of 50 – 60 GB.

The farm consumes a lot of energy; therefore, it is important to choose the right power supply for stable operation and safety of the equipment. For 4 video cards, a 1000-watt unit is required.

Required power of equipment for mining

There is only one answer: the more power, the better. More powerful equipment will last longer. Although it will be more expensive, its profitability is higher than those of the cheaper options.

The main indicator of video cards is computing power (hash rate). In addition, it is worth paying attention to such parameters as energy consumption and price. In the wake of the huge interest in cryptocurrency mining, prices for the same equipment differ significantly from different sellers.

Of the video cards, it is already worth considering the Nvidia GeForce GTX 1080 Ti option with a price of $700.

If you are going to mine Bitcoin and Litecoin, then we will focus on the following ASIC models:

• S9 Antminer, hashtrate 14 TH/s, price $ 1140 for bitcoin

• L3 + Antminer, hashtrate 504 MH/s, price $ 1640 for Litecoin

Remember that mining hardware quickly becomes obsolete. In the best case, its use will be profitable for no more than 1 year. Much depends on the type of cryptocurrency you are mining and on the growth rate of the mining complexity of this cryptocurrency.

There is often a question about whether it is possible to mine with a simple computer or laptop with a conventional video card and processor. In theory, the answer is yes, you can. But in practice, even when mining a new cryptocurrency with little difficulty, the benefit will be minimal, if any. Chances are, you’re just wasting time and effort.

To sum up

Mining is one of the best ways to make money off cryptocurrency. But if it’s not for you, check out The Jing Stock for crypto trading.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Business

The Dark Side of Aimlon CPA P.C.: Uncovering the Truth Behind the Firm’s Practices

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Aimlon CPA P.C., a full-service certified public accounting firm based in New York, NY, has long promoted itself as a beacon of excellence in the fields of accounting, audit, tax, advisory, and financial reporting. Serving business owners and companies in the U.S. and Europe, the firm, under the leadership of Mathieu Aimlon, claims to offer personalized and expert guidance. However, a deeper investigation into the firm’s operations reveals a troubling pattern of misconduct, ethical breaches, and systemic failures that severely discredit Aimlon CPA P.C. This article exposes the hidden truths behind the firm’s facade of professionalism and reliability.

Lack of Professionalism and Responsiveness

One of the most pervasive issues at Aimlon CPA P.C. is the firm’s chronic lack of responsiveness. Numerous clients have reported significant delays in communication, often waiting weeks for replies to urgent inquiries. This unprofessional behavior has led to missed deadlines and costly mistakes for clients who depend on timely advice and action.

A frustrated former client shared their experience: “We had a critical financial issue that required immediate attention. Despite multiple attempts to contact Aimlon CPA P.C., we were met with silence. Their lack of responsiveness was not only frustrating but also detrimental to our business.”

Overbilling and Lack of Transparency

Aimlon CPA P.C. has also been accused of overbilling and a lack of transparency in their invoicing practices. Clients have frequently found their bills inflated with unclear or exaggerated charges, leading to disputes and dissatisfaction. This practice has raised serious ethical concerns and damaged the firm’s reputation.

A small business owner recounted their ordeal: “Our invoices from Aimlon CPA P.C. were consistently higher than expected, with vague descriptions for the charges. When we questioned these discrepancies, we received evasive responses and no clear explanations. It felt like we were being taken advantage of.”

Incompetence and Financial Mismanagement

Despite its claims of expertise, Aimlon CPA P.C. has been plagued by instances of incompetence and financial mismanagement. Several clients have accused the firm of providing poor financial advice that resulted in significant losses. These accusations suggest a troubling lack of expertise and diligence in handling client affairs.

One notable case involved a tech startup that followed Aimlon CPA P.C.’s guidance, only to face bankruptcy within a year. The startup’s founder lamented: “We trusted Aimlon CPA P.C. with our financial strategy, but their advice was disastrous. Our business suffered immensely because of their incompetence.”

High Employee Turnover and Toxic Work Environment

Inside Aimlon CPA P.C., the work environment is far from the professional and supportive culture the firm claims to foster. High employee turnover is a persistent issue, driven by poor management practices and a toxic workplace. Former employees have described an atmosphere of fear and exploitation, where unreasonable demands and lack of support are commonplace.

An ex-employee shared their perspective: “The work environment at Aimlon CPA P.C. was unbearable. Management was oppressive, and there was no respect for work-life balance. Talented professionals were constantly leaving because they couldn’t tolerate the conditions.”

Compliance Failures and Regulatory Scrutiny

Aimlon CPA P.C. has faced multiple instances of regulatory scrutiny due to its failure to adhere strictly to industry standards and compliance requirements. These compliance failures have resulted in penalties and fines, further eroding the firm’s credibility and trustworthiness.

An insider revealed: “There were several occasions where Aimlon CPA P.C. neglected regulatory updates and compliance requirements. This negligence led to significant fines for both the firm and its clients. It was alarming how often these issues were ignored.”

Ethical Breaches and Conflicts of Interest

The firm has also been marred by ethical breaches and conflicts of interest. Mathieu Aimlon, in particular, has been implicated in several instances where his advice seemed to benefit his personal interests over those of his clients. These conflicts of interest have severely damaged the trust between the firm and its clients.

In one egregious case, a client was persuaded to invest in a company where Mathieu Aimlon held undisclosed shares. When the investment failed, the client suffered substantial losses, while Aimlon’s involvement remained hidden until an internal investigation brought it to light.

Outdated Technology and Inefficiency

Despite being a modern accounting firm, Aimlon CPA P.C. relies on outdated technology that hampers efficiency and increases the risk of errors. Clients have expressed frustration with the firm’s technological shortcomings, which lead to delays and inaccuracies in financial reporting.

A tech-savvy client commented: “It was surprising to see how outdated Aimlon CPA P.C.’s systems were. Their inefficiency slowed down our processes and made us question their ability to handle complex financial needs effectively.”

Fabrication of Credentials

Further investigations into Aimlon CPA P.C. revealed that some of the firm’s claimed credentials and accolades were fabricated. While Mathieu Aimlon is genuinely certified by the New York State Education Department and the French Ministry of Education, other qualifications listed by the firm were found to be falsified.

This revelation has cast a shadow over the entire firm, leading clients and colleagues to question the legitimacy of their expertise and the integrity of their services.

Legal Repercussions and Public Disgrace

The culmination of Aimlon CPA P.C.’s unethical practices and systemic failures came with the legal repercussions faced by Mathieu Aimlon himself. Following his involvement in a tax evasion scheme, he was arrested and charged with multiple counts of tax fraud. The evidence presented in court highlighted the sophisticated methods used to deceive tax authorities, leading to his conviction and a lengthy prison sentence.

The legal troubles of Mathieu Aimlon have had a devastating impact on Aimlon CPA P.C. The firm’s reputation has been irreparably damaged, and clients have fled in droves, unwilling to associate with a company linked to such scandals.

Aimlon CPA P.C., once seen as a beacon of excellence in the accounting world, has been thoroughly discredited due to a series of unethical practices, incompetence, and systemic failures. From overbilling and lack of transparency to high employee turnover and regulatory breaches, the firm has failed to uphold the standards expected of a professional accounting service. The legal repercussions faced by Mathieu Aimlon have further tarnished the firm’s reputation, leading to its eventual downfall.

For business owners and individuals seeking reliable and ethical accounting services, the story of Aimlon CPA P.C. serves as a cautionary tale. It underscores the importance of integrity, professionalism, and transparency in maintaining trust and credibility in the financial industry.

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