Is bitcoin mining still profitable reddit

Apr 16, 2019 · Many people may wonder whether mining is still profitable in 2019, they should start mining when the Bitcoin price is up or when it goes down like now. You can get some inspiration after reading throughout the passage. LTC mining difficulty in Dec, 2014 was 52190 while in … Is Bitcoin mining still worth it/profitable as we approach ... Nov 04, 2019 · Bitcoin mining is a highly resource intensive process, hence miners will need to bulk up high computational devices (ie. graphics card, ASIC chip) and also the need to consume a vast amount of electricity to do the ‘proof of work’. Bitcoin mining Is Bitcoin and Ethereum Mining Still Actually PROFITABLE ... Mar 19, 2020 · Is Bitcoin and Ethereum mining still actually profitable in 2020? Let's review the Bitcoin price, and mining hashrate along with the best miners for mining BTC right now.

Hi guys I stopped mining due to bitcoin being super low 3k. Today, even with the rocket, it's still <$1. One of my rigs is showing 0 profitability on the site.

Using NiceHash will be slightly less profitable than directly mining coins; The fees for transferring your earned Bitcoin can be higher than with most other coins. Conclusion. It’s quick and easy to see how you like NiceHash since the software can be downloaded … Is Bitcoin mining still profitable in 2017? I saw too many ... “Is Bitcoin Mining Profitable in 2017?“ The short answer would be “It depends on how much you’re willing to spend”. Each person asking himself this will get a slightly different answer since Bitcoin Mining profitability depends on many different f

Bitcoin Core (BTC) cloud mining can be a tricky thing to determine if it's is to look on industry news sites, forums, and reddit sub-forums to check out lists of

Nov 14, 2017 · Mining is profitable for some people. Otherwise, nobody would be mining. Only you can determine if it will be profitable for you. If you can't figure out if it will be profitable for you, then you probably shouldn't be mining at that scale. Air conditioning is a mistake. It will double your electricity cost. 7 Reasons Bitcoin Mining is NOT Profitable or Worth It (2020) Jan 29, 2019 · The early days of Bitcoin mining are often described as a gold rush.. Satoshi Nakomoto’s invention of Bitcoin, “a peer-to-peer electronic cash system,” opened up an entirely new frontier, not just of freedom but of occasionally outrageous profits. … Is Bitcoin Mining Still Profitable? - reddit.com Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics.

30 Dec 2019 The December 2019 report on the Bitcoin mining network from “Mining in China is still done by individuals and corporations, just as mining in North of course, depend on the ongoing profitability of bitcoin mining in 2020.

Is Bitcoin Mining Still Profitable? - reddit.com Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. Is Bitcoin Mining Still Profitable in 2018? - reddit

I was mining pretty hard until June 2018, when the profitability was So who is still mining and why? If the profits are gone, what's the point? Yeah, the Is it related to the fact that the bitcoin price isn't 12,000$? Because i Reddit Inc © 2020.

Apr 10, 2018 · Yes it is! There are two ways to own cryptocurrency like Bitcoin, Ethereum or any other digital currency – you either have to buy it on the exchange, paying an incredibly high price for it, or you can mine it yourself at far lower cost (you can se