Data Mining In 2018: Why It Was A Failure

Since its boom, cryptocurrencies have become amass media matter. Not only Bitcoin, but also the other currencies were, infact, extremely popular both from a social point of view and from an investmentone. When the professional figure of the “crypto trader” was born, infact, crypto as a whole developed to the point in which it collapsed hard onitself. Let’s analyse the matter in more detail, starting from data mining asan overall process.

Costs In 2018: High Risk, Low Profit.

As we all know, data mining requires a significant investment both from ahardware and software point of view. Datafarms have been fluctuating around the $ 10.000 area since 2016,especially the ones who were made in order to mine Bitcoin and other superCryptocurrencies. With this in mind as the starting point, we must alsoacknowledge the fact that data mining has covered almost the entire amount ofdata available, making such investments quite risky with …