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As QUBE embarks on its presale journey, the project is well on its way to raising $1 million in funds. The remarkable progress witnessed in the ongoing presale has garnered attention from experts who firmly believe that InQubeta is positioned as the best crypto investment in the AI industry. By providing investors with a platform to diversify their portfolios, InQubeta offers an enticing opportunity for seasoned and aspiring investors.
Let’s explore the QUBE presale as BTC miners’ revenue faces a downturn.InQubeta’s (QUBE) Presale: Gearing To Raise $1M As It Revolutionizes Crypto Crowdfunding for AI Startups
InQubeta, the world’s first crypto crowdfunding platform, has gained significant attention and made remarkable progress during its presale phase. As investors onboard the platform, InQubeta is paving the way for the future of cryptocurrencies and AI innovation. The project’s distinct features, such as a vesting period and comprehensive project audit, have propelled its presale demand and established it as the best crypto investment in AI innovation.
As the presale gains momentum, crypto analysts anticipate that the QUBE DeFi token will play a pivotal role in shaping the future of the crypto industry. While Bitcoin miner revenue faces a downturn, the InQubeta presale stands out as a beacon of success, steadily progressing towards raising $1 million. Impressively, it has already raised over $500,000, highlighting investors’ immense interest and confidence. The QUBE token is currently priced at $0.00875 during its stage 1, offering early adopters a chance to secure guaranteed interest returns that will grow post-launch.
As the time for its listing on major exchanges comes, the QUBE DeFi token is projected to reach a minimum price of $0.0308, further fueling the excitement surrounding the presale. The presale comprises ten stages with unique opportunities, enabling investors to participate and secure their stake in the revolutionary InQubeta ecosystem. With verification by Hacken and Block Audit, investors have peace of mind and confidence in the project’s integrity.
InQubeta’s trending NFT marketplace allows AI startups to raise funds and offer reward and equity-based NFTs. Meanwhile, QUBE token holders can easily invest in the projects they believe in, fostering a symbiotic ecosystem that benefits both parties. The QUBE token’s deflationary nature, with a 2% tax on buys and sells going to a burning wallet, ensures its long-term value appreciation. Also, a 5% sell tax contributes to a dedicated reward pool, allowing token holders to earn rewards by staking their tokens.Bitcoin (BTC) Miners: Navigating The Challenging Market Sentiment And Sustaining Profitability
Bitcoin miners faced declining earnings amidst the prevailing market sentiment, signaling a downward spiral in profitability. Emerging reports indicate BTC miners sustained profitability despite challenging conditions. While the current revenue level represents the lowest point in nearly three months, it remained higher than the lowest recorded in January 2023, which marked the year’s bottom.
The decline in miner revenue can be attributed to the prevailing sentiment surrounding BTC and the general cryptocurrency market. Since the commencement of Bitcoin’s open trading in 2010, miners have collectively generated an impressive billion-dollar revenue, showcasing the resilience and longevity of the mining industry.Final Thoughts
The InQubeta presale is reshaping the landscape of crypto crowdfunding and revolutionizing the future of AI amid the challenges Bitcoin miners’ revenue faces. InQubeta is paving the way for growth and success in the AI industry by providing fractional investments in AI startups, offering a transparent and audited platform, and introducing an innovative, trending NFT marketplace. Investors can participate in the presale by visiting the InQubeta website, creating an account or connecting their wallet, and purchasing the QUBE tokens with preferred cryptocurrencies like BTC, ETH, and USDT.
You're reading Bitcoin Miner Revenue Faces Downturn, Inqubeta (Qube) Presale On The Road To Raise $1M
Later on, the Bitcoin developers decided to harness the greater hashing power of GPUs for mining Bitcoin. Nowadays, all the standard Bitcoin mining farms consist of bitcoin mining hardware. Otherwise, it is never profitable. You can select the Bitcoin mining hardware according to your mining needs and capacity.
Following are curated list of legit Bitcoin mining hardware that are highly trusted and most Profitable. Bitcoin mining machines listed in this guide follow the safest crypto practices to ensure your Cryptocurrency stays safe. Read more…Best Bitcoin Mining Hardware Machines: Cheap & Profitable
Best Miner for Windows
Mine up to 0.0318 ฿ a day.
Avalon Miner A1246-90T is one of the best bitcoin mining hardware that comes with a hashrate of 90TH/s and a power consumption of 3420Watts. The power supply is included with the miners. It has a 360-day warranty for customers purchased from Canaan Online Shop.
✔️ Accept BTC as payment
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DragonX Whatsminer M30S is one of the best cryptocurrency mining hardware that requires no separate host computer or software. It offers a built-in web management portal.
This mining hardware supports a maximum input voltage of 240 Volts and a minimum input voltage of 200 Volts. It is one of the best Bitcoin miner machines that also offer a manufacturer warranty of 180 days. However, if you return it in 20 days, you will be charged a 40% restocking fee.
✔️ Price: $10,998
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Bitmain Antminer S7 is a low-cost Bitcoin mining equipment. It is one of the most popular Bitcoin mining hardware because of its lower power consumption. The power supply recommended for using the S7 is 1600 Watts. It is one of the best Bitcoin miners available in the market.
The performance of this Bitcoin miner depends upon the effectiveness of the ambient temperature and the power supply used in the mining process. However, at a room temperature of around 25-degree centigrade, the S7 consumes about 1300 Watts.
This is one of the best Bitcoin miner machines suitable for miners who operate in cooler climates, as cooling costs can significantly cut into profitability compared to warmer regions.
✔️ Power Supply: Not included
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Antminer S19 is one of the the best BTC miner from Bitmain. You should buy it if you able to afford so much power voltage. The power supply units are included with the miners themselves so that you don’t need separate hardware.
✔️ Price: $11,499.00.
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AntMiner L3+ is one of the fastest Bitcoin miners commercially available in the market. It has a built-in control panel, which means no separate host computer is needed for operation. AntMiner L3+ has a PCI Express connector, and its weight is around 13.23 pounds.
✔️ Power Consumption: 800W ± 10% (Sold separately.)
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AntMiner D3 is one of the best Bitcoin mining equipment that comes with Dash bitcoin miners. Most Bitcoin miners use this hardware to first mine dash coins, convert them into Bitcoins, and increase profits. In this Bitcoin Miner, all PCIe connectors on a hashing board are connected to the PSU for the hashboard to operate.
The dimensions of this hardware are 320x130x190 mm, making it possible for you to have a good arrangement when running multiple miners simultaneously. It is one of the best mining equipment widely used for Dash coin mining, crypto mining, cloud mining, mining pools, etc.
✔️ Power Supply: Requires a separate power supply.
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Bitcoin was originally coded to be mined by CPU power, not GPU. Later on, the Bitcoin developers decided to harness the greater hashing power of GPUs. Here, the Bitcoin miner comes into the picture of specialized hardware with microprocessors designed to mine digital currency. Today, all the standard Bitcoin mining farms consist of bitcoin mining hardware. Otherwise, it is never profitable.
Following are the best Bitcoin Miner Hardware:
Avalon Miner A1246-90T – Best Bitcoin Mining Hardware: High stability & Cost-effective.
Whatsminer M30S – Best Overall
Bitmain Antminer S7 – Best for cheap mining hardware option
Antminer S19 – Best for Industrial mining
AntMiner D3 – Best for Dash mining
It is a barebone computer with multiple graphic cards, or GPUs, in place of a single graphic card. Mining Rigs mostly use AMD and powerful GPUs from Nvidia to handle calculations and require high-voltage power supplies. The popularity of mining may lead to a shortage of graphic cards.
Also Check: Best Mining Software
Here are the types of Bitcoin Mining hardware you can get in the market:
It is an old Bitcoin miner that was used with a normal PC with a regular CPU chip. This type of miner produces a lower amount of Bitcoins than the power cost needed to operate them.
It is faster and more efficient compared to CPU miners. The major drawback of GPU miners is that they cannot be useful in the current environment of Bitcoin. It will heat up too fast before you get any chance to earn your Bitcoin.
FPGA (Field-Programmable Gate Arrays) is an efficient and faster way than CPU and GPU mining. This type of miner consumes less amount of power and provides efficient results. It is good to use an FPGA with operating systems like Ubuntu.
ASIC miners are manufactured for a specific intention. It was first released in the year 2013. The ASIC Bitcoin miners are fast, provide much more hash rates, and consume less electricity. It can be used in either 32-bit or 64-bit OSs.
Gridseed miner is the latest crypto-mining technology. It can produce higher hash rates in mining than other Bitcoin miners. It can mine a single Gridseed unit and SHA-256 that comprises 5 GC3355 chips.
This microchip can mine SHA-256 at around 11.25 GH/s and script (encryption method) at approximately 350 KH/s. Gridseed gives the best results to miners in this fast-evolving crypto world. It has gained more popularity due to its high speed, affordability, fast delivery time, and low electricity usage.
Bitcoin mining is a process of digitally adding transaction records to the Blockchain. It is also known as the crypto mining process that is executed using enormous computing power. Each Bitcoin miner contributes to a decentralized P2P (Peer-to-Peer) network to ensure the payment network is secure and trustworthy.
The Blockchain network is a decentralized P2P network that contains a shared ledger. The network has no central authority, so the transactions are recorded, processed, and validated in the miner’s network. The data shared over in the network is completely transparent. Still, the sensitive and personal data regarding the members’ identity is always anonymous.
Here, the miners require validating blocks of transactions to access their blocked rewards. A new BTC is introduced in the network when a new transaction block is added to the system.
Here are some important reasons for mining Bitcoin:
It allows transactions to be executed globally without government delays and restrictions.
Bitcoin is a currency that is accepted in major countries worldwide.
Using this cryptocurrency, you can quickly transfer your money anywhere.
You can own money without worrying about transaction and tax fees.
Hash rate measures your computational power to mine and process transactions on Blockchain like Bitcoin and Ethereum. To earn maximum Bitcoin, you require good computing power.
It depends entirely on your geographic location. The concept of mining Bitcoin can threaten government control over the financial markets and fiat currencies. Mining Bitcoin cryptocurrency is illegal in Egypt, Nepal, Morocco, Bolivia, etc. countries.
It depends on the electricity consumption of your bitcoin miner hardware and the electricity cost in your region. If you use a powerful bitcoin miner and have low electricity costs, you can be profitable with Bitcoin mining. You can find varieties of options from the market. However, this might completely upturn the crypto mining business.
The network recognizes the work of miners and provides rewards for generating new blocks. These rewards can be of two types: 1) a new Bitcoin created with each block, or 2) Fees paid by the user for the network transactions.
Here are the important selection criteria to choose the best Bitcoin miner hardware:
Purchase a bitcoin miner with a higher Hash rate: To mine Bitcoin successfully, you need to purchase a bitcoin miner with a higher hash rate.
Electricity consumption: Check the electricity consumption in Watts. Assuming two devices have the same hash rate, one must select the device that consumes lesser power.
The price for new Bitcoin mining hardware depends on how powerful your Bitcoin miner is. However, in the secondary or used markets, when supply is low, you can find a premium factor of up to 5x.
There are some factors that you need to take care of while selecting the Best ASIC miner hardware:
Hash rate: You need to find out the hash rate of the Bitcoin miner. The better hash rate costs you more. That is why efficiency is crucial.
Efficiency: Bitcoin miners use a large amount of electricity. So, you should buy one that converts the most electricity into Bitcoins.
Price: Bitcoin mining hardware price is very important. Cheap mining hardware will mine fewer Bitcoins.
Therefore, you should not buy a Bitcoin miner based on only price or only hash rate. It should be the best Bitcoin miner with good efficiency to get a good profit out of your mining.
Some common Bitcoin Mining Hardware Companies are:
Cloud Mining is mining and utilizing a remote data center with shared processing power mostly contracted through a Cloud mining company. This type of mining helps users mine Bitcoins without having to manage their hardware.
Also Check: Best Cloud Mining Sites
It takes around 10 minutes with the ideal equipment and computing power to mine One Bitcoin, no matter how many miners are operational. However, this will also depend on factors like mining equipment used, computational power, and competition.
Yes. However, the least powerful and profitable way to mine Bitcoin is using a personal computer. It needs a large amount of power consumption and powerful hardware to successfully mine Bitcoin and get rewarded.Best Crypto Miner Machines
HM Revenue and Customs (HMRC)
A department of the United Kingdom (UK) responsible for regulating taxes and other elements of the financial sector
Published November 29, 2023
Updated July 7, 2023What is the HM Revenue and Customs (HMRC)?
The HM Revenue and Customs (HMRC) is a department of the United Kingdom responsible primarily for regulating taxes, wages, child benefits, and other elements of the financial sector. Her Majesty’s Revenue and Customs is the United Kingdom’s tax authority. The HMRC was established following the “merger” of the Board of Customs and Excise and the Inland Revenue in 2005. The department reports directly to the U.K. Parliament via the Treasury.
The HMRC is responsible for the collection and administration of taxes, including corporate tax, inheritance tax, income tax, capital gains tax (CGT), VAT (value-added tax), environmental taxes, excise duties, air passenger duties, climate change levies, stamp duty land taxes (SDLT), etc.Summary
The HM Revenue and Customs (HMRC) is a department of the United Kingdom (UK) responsible primarily for regulating taxes, wages, child benefits, and other elements of the financial sector.
The HMRC was established following the “merger” of the Board of Customs and Excise and the Inland Revenue in 2005.
The HMRC comprises four key subdivisions that are each individually managed and directed by a director-general. The subdivisions include the Personal Tax Division, the Corporate or Business Tax Division, the Benefits and Credits Payment and Administration Division, and the Reporting and Compliance Enforcement Division.Functional Structure of the HMRC
The HMRC comprises four key subdivisions that are each individually managed and directed by a director-general. The subdivisions include the Personal Tax Division, the Corporate or Business Tax Division, the Benefits and Credits Payment and Administration Division, and the Reporting and Compliance Enforcement Division.
The HMRC’s tax-focused subdivisions all function with the primary objective to ensure that the taxation system is effectively executed and adhered to. The divisions are responsible for the collection of taxes and facilitating fund transfers to the Treasury.
The HMRC’s Benefits and Credits Division is focused on the management and payment facilitation of benefits and tax credits and other statutory payments – i.e., maternity pay.
The Reporting and Compliance Enforcement Division oversees various areas, such as minimum wage payment implementation, recovering unpaid funds – i.e., student loans – setting penalties and punishment for unpaid taxes, investigating tax evasion cases and/or fraud, etc.
The HMRC also oversees a Customs Division that enforces international trade custom regulations and payments and enables legitimate international trade. The division is also responsible for the collection of trade data for the United Kingdom. Furthermore, the HMRC also oversees the Government Banking Service.HMRC’s Governance Structure The HMRC and Anti-Money Laundering
The HMRC is very active in its anti-money laundering efforts. The non-ministerial department established strict legislation to aid in the fight against financial crime. The body also established regulations and guidelines that explicitly target money laundering. The regulations and guidelines are compulsory for several financial institutions.
Moreover, the HMRC also imposed various requirements on financial institutions, intending to combat money laundering. The requirements include a “know-your-customer” component, which requires that financial institutions perform background checks on their clients and verify their identities, transaction detail tracking and record-keeping, and the employment of a dedicated official or financial crimes specialist to ensure compliance with financial crime regulations.
The HMRC also enforces the vitality and legal requirement that financial institutions report any suspicious transactions. In addition to the requirements, it also requires financial institutions to gather information and details about their partnering entities and other related parties. The department also mandates that financial institutions carry out a risk analysis to identify and determine financial crime-related risks and establish appropriate risk prevention and/or mitigation factors.
Furthermore, it is a requirement by the HMRC that financial institutions keep and maintain detailed records of clients and transactions. The department also created a position known as a “money laundering reporting officer” to serve the anti-financial objectives. It is required that every financial institution appoint a money laundering reporting officer.Learn More
The year 2023 saw significant highs and lowers for crypto investors. The market is volatile and it’s worth learning how to trade Bitcoin.
Imagine feeling overwhelmed by the rapid changes in Bitcoin’s prices. To help you get started, here is a brief overview of the basics of trading Bitcoin.Understand the Terminology
Bitcoin can be confusing if you’re new to the technology. There are many buzzwords out there, so it is important to know what they mean.
Platforms like [bybitdotcom] can be a great source of information for both novice and experienced traders. Although terms such as “double expenditure” and “blockchain”, may seem difficult to explain to novice investors, they are crucial to know if you are serious about investing.Do Your Assignment
It takes a lot of research to become a successful Bitcoin trader. Good knowledge of the market is essential for a successful trade. You must have a solid understanding of the market, regardless of whether you’re a novice or an expert trader.
Solid market research is the foundation of any successful business. Unfortunately, the bitcoin market can make it more complicated than usual. Because there are few reliable sources for market data, this is why it can be more complicated. The only way to be a successful trader of bitcoin is to do your research and learn the market.
No matter your strategy, it is important to do your research and understand what you are doing. You will be better equipped to deal with any problems that might arise.
Like any other financial instrument, trading bitcoin takes time. However, you can start immediately.Begin with A Small Budget
It is great to invest in bitcoin. Our third dump for bitcoin trading is to be cautious and start small. As a beginner investor, the last thing you want is to invest in a market or asset that you don’t fully understand.
Choose A Safe Wallet
You become a participant in the digital economy by investing in bitcoin. This revolutionizes how we spend and transfer money. We used to be limited to PayPal and Venmo, which rely on a central system that has a middleman to facilitate transactions.
Both the sender and the receiver find the middleman process time-consuming, costly, and risky.
With the right wallet, bitcoin is a secure way to store assets. There are many options, but safety is the most important consideration when choosing a wallet.
New traders should trade with a trusted broker and use the wallet provided by the broker. Your needs and preferences will determine which wallet to choose. You will need to decide which wallet is right for you if you want to create your own wallet.
Best CRM software for 2023Determine and Understand Your Trading Strategy
Every trader is different and each uses a different trading strategy. It is crucial to choose the right style for you in order to succeed.
It is crucial to choose the right strategy for your trading journey. You will be able to trade with real money and take your trading to the next level. Your strategy will define you as a trader.
Hold On Dear Life (HODL) Bitcoin
Bitcoin ownership is a great way of capturing the rising demand and price. However, traders are often confused about whether to buy and hold the currency or day trade it.
The buy-and-hold strategy is the best way to invest in Bitcoin. The best passive way to invest in Bitcoin is through the buy-and-hold strategy. This strategy involves an investor buying Bitcoin and holding them until they reach the desired price. The investor will then not sell Bitcoin until the price reaches the desired level.
It’s a combination of the stock market and gambling. You can make a lot of money if you’re a skilled and lucky gambler.
Bitcoin can be a profitable investment for many investors. They can hold onto the coins and expect them to rise in value over time. Although the market is unpredictable and difficult to predict, many investors find this a viable strategy for long-term investing.
They can avoid market crashes or other problems that could cause financial difficulties for investors. If done correctly, the buy-and-hold strategy can provide a great return on investment in bull and bear markets.
In recent times, the cryptocurrency market has witnessed a tremendous surge, attracting buyers and investors in search of the next Bitcoin and lucrative crypto opportunities. Bitcoin, the trailblazing decentralized currency, has played a pivotal role in enabling this remarkable growth.
This article investigates the potential of ApeMax, Ethereum, and Solana, and whether these cryptocurrencies have what it takes to become the next Bitcoin. This article will explore each of these coins and their unique attributes which may help them dethrone Bitcoin from the number one spot. This article will place special emphasis on the new coin ApeMax, which offers significant earning potential through its transformative boost staking system.
Bitcoin, since its inception, has experienced an astronomical price surge, soaring from a few cents per BTC to reaching an all-time high of $68,789.63 per Bitcoin. Several early investors in Bitcoin have amassed substantial wealth from their initial investments. Consequently, it comes as no surprise that everyone from investors to experts are constantly seeking out the next Bitcoin. Everyone is on the lookout for a game-changing crypto coin with immense growth potential and the capability to bring about transformative change to the crypto market.What is Bitcoin and what makes it so special?
Bitcoin was born in 2008 and launched by an individual or group of individuals who go by the pseudonym Satoshi Nakamoto. The world has never been the same since.
Bitcoin is widely regarded as a revolutionary and pioneering force due to several significant factors. Firstly, it introduced the groundbreaking concept of a decentralized digital currency, challenging the conventional financial system that heavily relies on centralized entities such as banks.
Bitcoin’s underlying technology, known as blockchain, is also a game changer. It brought forth a transparent, immutable, and secure ledger system for recording transactions. This innovation has unlocked numerous possibilities beyond mere currency.
Finally, Bitcoin’s finite supply and decentralized nature have positioned it as an alternative store of value and a potential safeguard against a problem that plagues traditional fiat currencies: inflation. These attributes have captured the attention of people around the world, leading to exceptionally high demand and price as evidenced by data from CoinMarketCap.Is ApeMax the Next Bitcoin?
The presale for ApeMax is currently open, providing an exceptional opportunity to get your hands on ApeMax coins at highly affordable prices.
ApeMax is a groundbreaking Boost to Earn coin, introducing innovative tokenomics that enable users to generate earnings by staking their coins in entities ranging from creators and influencers, to charities or even Web3 projects. ApeMax stands out by offering immediate engagement in staking and growth, setting it apart from other alternatives in the market.
Similar to Bitcoin, ApeMax coin possesses deflationary properties as it has a fixed supply. Deflationary coins like ApeMax and Bitcoin can serve as attractive options as they can act as hedges against inflation if their demand increases.
The boosting-based staking model of ApeMax has the potential to create a completely new economic model where creators and their supporters can both earn through the act of boosting. This has the potential to disrupt the existing economic model reliant on traditional ad-based and subscription revenue streams.Is Ethereum the Next Bitcoin?
Ethereum has the potential to rival Bitcoin for several reasons. Ethereum introduced the concept of smart contracts, and through this groundbreaking feature has enabled the creation of decentralized applications and a world of possibilities beyond peer-to-peer transactions.
Secondly, Ethereum’s platform allows developers to build and deploy decentralized applications using its native programming language, Solidity. This programmability makes Ethereum flexible and adaptable to various use cases.
Finally, Ethereum has become the leading platform for token creation and hosts many tokens beyond its native cryptocurrency. Additionally, Ethereum’s blockchain has become the foundation for the growth of decentralized finance, enabling various financial services such as lending, borrowing, and decentralized exchanges.Is Solana the Next Bitcoin?
Solana is designed to be highly scalable, capable of processing thousands of transactions per second. In contrast, Bitcoin’s network has limited scalability, leading to higher fees and slower transaction times. Solana’s scalability makes it more suitable for mainstream adoption and handling large-scale applications.
Solana’s innovative architecture and consensus algorithm also allow for faster transaction confirmations and reduced latency. This efficiency enhances user experience and enables Solana to compete with Bitcoin in terms of transaction speed and responsiveness.
Finally, Solana’s network fees are generally lower compared to Bitcoin. The lower transaction costs make Solana more attractive for everyday transactions and encourage wider adoption across various industries.The Next Bitcoin – Conclusion
In summary, this article looks at Ethereum, ApeMax, and Solana and whether these coins have what it takes to become the next Bitcoin and why. Undoubtedly, Bitcoin has left an enduring legacy on the world and decentralized finance. Although Ethereum and Solana possess several characteristics which make them stronger than Bitcoin in certain respects, they also have something in common, namely that their prices are already quite high.
Ron Barrett has found his dream job. As director of information technology for ERE, a New York-based accounting firm, the 35-year-old Barrett has it all: a good salary, a company that pays for his continued training, a cutting edge technical environment.
He’s so satisfied that he expects to work for ERE for decades –- probably even retire from there.
But he hasn’t always felt so settled. Far from it. Earlier in his tech career, Barrett was always looking for the next opportunity. In doing so, he learned a valuable lesson: Job-hopping is an effective strategy for increasing your salary.
“Each and every time I moved, it was always for better pay,” Barrett tells Datamation. “Sometimes the position was a lateral move, but the pay was always better.” The raises were always between $3,000 and $8,000 per year, he says.
John Challenger, CEO of job placement firm Challenger, Gray and Christmas, agrees that job-hopping can be an effective strategy –- particularly in today’s hot IT job market.
Many companies are “locked in” to their current wage structure, he tells Datamation. The relative pay scale between various job titles is fixed. “It’s very hard to get out of the box.”
In a situation like this, an IT professional seeking a significant pay hike has little choice but to look for another position.
Barrett landed his first IT job at age 28. Prior to that he supervised operations management for beverage maker Snapple in its New York City office. The career switch felt risky. With a family to support, staying employed was essential.
In his first IT post Barrett worked as a consultant for a firm that assisted American Express with Y2K preparedness. It was a good start, but he wasn’t satisfied. “I wanted to get more into what I’m doing now, where I actually get my hands around the whole system,” he says.
Barrett spent about eight months there. He knew it was time to leave when he asked for a raise and management offered three percent. “I just started looking.”
From there he moved into a position in which he handled user and server support. Then came a period of rapid change: Toward the end of the dotcom mania he shuffled quickly through a handful of system administrator posts.
He left the chaos of the dotcom world for a more stable job -– or at least it looked that way. He took a position with investment firm JC Bradford. However, the company soon was bought by Paine Webber.
In the merger, Barrett lost his job. Job-hopping can be perilous, he freely admits.
However, right after his Bradford layoff he found his current job with ERE, so his tale of job hunting ends happily.
Handling Wary Employers
“I don’t know if that applies anymore,” Barrett says. “It seems like five years these days is a long time anywhere.”
Still, he has faced that issue in interviews. “They would ask, ‘Well, you’ve been in a lot of places.’”
He had an answer ready. He would reply: “Yes, I’m trying to grow. I was there and I got what I could get, and now I’m looking to grow in the next direction.”
But no matter how well an IT staffer can answer such questions, job-hopping has a downside. “It can catch up with you,” Challenger says. “You can only do so much of it before employers begin to doubt your stick-to-itiveness.”
An employee’s age matters in terms of how employers perceive their employment record. “In your 20s, you can move more, but once you get to your 30s, companies are looking for people to move up into more responsible positions,” he says. “They can’t plug you in and out as easily.”
Over time, employees with stable job records become more attractive. When hiring employees in their mid-30s, firms look for three- or four-year tenures, he says.
“If they see three or four jobs where you’ve been there for a year, in the recent past, they begin to say, ‘No matter how much we like him or her, unless we just need to get the project done, the odds are that they’re going to leave again.’”
More Than Money
In Barrett’s experience, he places great weight on whether a prospective employer is willing to pay for his ongoing IT training. “If they don’t invest in my training I could become a dinosaur really quick,” he says.
In fact, the importance he places on salary is almost matched by the importance he places on an employer’s willingness to educate its IT staff. “It’s 60-40,” he says (with the 60 percent figure attributed to salary; 40 percent to an employer’s reimbursement for training.) “Maybe it’s even more 70-30.”
“I’ve had places where they weren’t willing to pay for the training, and in those places I bought the books, I bought the classes -– I did what I had to do to make sure I was educated.”
That process hasn’t stopped. He just finished a training program on Microsoft’s Exchange 2003 and is about to start a security training course.
Going forward, Barrett plans to focus heavily on security. He’s considering the CEH (Certified Ethical Hacker) training program. “It just seems like we’re getting attacked in all areas,” he says. The CEH program tends to go deeper than many security classes, according to Barrett.
Don’t give up an opportunity just because you’re comfortable in your current post, he says. “The opportunities are there. And if the company wants you and they’ve got the training you want, they’re not going to look down on the fact that you’re looking to move and grow.”
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