Q: Is a 347 Bitcoin mining rig SUItable for beginners?
A: No, it's generally recommended for experienced miners due to its complexity and high initial cost. However, it offers excellent returns once set up correctly.
The 347 Bitcoin mining rig represents a powerful tool in the world of cryptocurrency mining, offering both efficiency and flexibility. Whether you're looking to maximize your earnings or explore new possibilities in hardware configuration, understanding its basics can be a valuable step towards successful mining operations.
Account $10,000, risk 1% → $100 risk per trade. Entry $50, stop $48 → $2 risk/share → 50 shares. Target $54 (2R). If stopped, −$100; if target hits, +$200 (before costs).
Use an amount you can afford to lose while learning a repeatable process.
Decide a fixed risk % per trade, then divide by the price distance to your stop.
Match your timeframe: DAIly/weekly for swing; weekly/monthly for long-term.
Thesis, entry/exit, risk (R), emotions, result, next improvement.