KawakiiruDec 30, 2021 · 3 years ago3 answersWhat impact does the dollar to naira exchange rate in the black market have on the profitability of cryptocurrency mining?
How does the exchange rate between the US dollar and the Nigerian naira in the black market affect the profitability of cryptocurrency mining? Does a higher exchange rate make mining more profitable or less profitable? What are the factors that contribute to this impact? Are there any strategies that miners can employ to mitigate the effects of exchange rate fluctuations on their profitability?
Questions
Tags
