According to research by authoritative institutions, the cryptocurrency market in the Middle East is growing rapidly, with an estimated 700,000 daily active users in the six Gulf countries by 2024. More and more crypto investors, such as Binance founder CZ and Telegram founder Pavel Durov, are settling and starting businesses in the Middle East. Currently, Middle Eastern crypto users are heavily investing in the field, focusing on bitcoin, meme coins, and mining.
BTC mining, as one of the lowest-cost ways to invest in BTC, has been adopted by a large number of institutions and home users in the Middle East. Although the climate in the Middle East is hot, it has a significant electricity price advantage. For example, in the UAE, 149 terawatt-hours of electricity were generated in 2021, but only 129 terawatt-hours were consumed. The country will continue to develop solar power in the future, allowing UAE citizens to enjoy an electricity price of 1.2 cents! As a result, many small and medium-sized mines are sprouting up in the UAE.
If you are mining in the Middle East and have such an electricity price advantage, you must consider the Whatsminer M50 . Why don’t we recommend the most expensive ones or those with the lowest energy efficiency ratios? Because although they are excellent, they may not necessarily maximize the benefits for friends in the Middle East. Why the Whatsminer M50? This machine’s spot price is under $1,000. When the coin price is $60,000 and the electricity price is 1.2 cents, the electricity cost accounts for only about 20%, with a net profit of about $4.4 per day. It pays back in about 230 days, with a shutdown coin price as low as around $10,000, making the profit situation very stable and safe. Even if some users in the Middle East have an electricity price of 4 cents, this machine can pay back in about 500 days, with a shutdown coin price of about $34,000, which is also a good value for money. After all, don’t forget that BTC will keep rising; the earlier you buy such an affordable machine to mine BTC, the more you earn.
Moreover, it is crucial that the Whatsminer M50 performs stably in hot and cold conditions. In the hot climate of the Middle East with large temperature differences between day and night, its performance is excellent, with few failures. Although liquid-cooled machines may have better cooling effects, fresh water is precious in the Middle East and can cause other costs. As we mentioned earlier, some machines are great, but considering the costs and local advantages and disadvantages, Middle Eastern users do not necessarily need to choose the best and most expensive ones. Choosing a machine like the M50 is an ideal solution for maximizing benefits for friends in the Middle East.
Finally, we add the basic parameters of this machine: Model: M50; Hashrate: 110/112/114/118/120/122T; Power On Wall: 3080/3136/3192/3304/3360/3416W. Spot price: under $1,000 . If you are interested in this BTC ASIC, please contact us to get the most suitable mining solution for you! We are currently selling various brands and models of BTC ASICs!
Finally, BITMARS would like to remind everyone that all investments come with risks, so decisions should be made cautiously.
BITMARS is an internationally renowned crypto miner trading company. We provide comprehensive, professional, timely, and cost-effective miner purchasing and hosting services to maximize your wealth!
