RATE Group | South Africans are still buying cryptocurrency miners – Here is what’s most popular
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South Africans are still buying cryptocurrency miners – Here is what’s most popular

25 Aug South Africans are still buying cryptocurrency miners – Here is what’s most popular

Posted at 16:13h in Cryptocurrency News by

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Despite unpredictable price fluctuations and the high price of hardware, people are still buying cryptocurrency mining rigs in South Africa.

This is according to Bitmart CEO Jacques Serfontein, who said cryptocurrency mining still provides the miner with a great return on investment.

Cryptocurrency mining entered the global spotlight following the meteoric rise of cryptocurrency prices last year, providing users with significant returns on their investments.

Even though the price of cryptocurrencies has fallen, mining digital coins can still be a profitable enterprise in South Africa.

“People are still buying miners, a 7%-30% ROI per month based on the different cryptocurrencies out there is still a great ROI,” Serfontein told MyBroadband.

“The focus is off Bitcoin for now due to the low price, but the income on some other miners is very good.”

He said Bitmart sells a wide variety of miners in South Africa, including many which can deliver good returns.

“You can buy an…

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