Is mining bitcoin worth it reddit

4 Nov 2019 OP's post is also the origin of “Bitcoin Citidels,” automated future-cities formed by the “Bitcoin rich” to protect themselves (as well as their worth) 7 Jan 2020 At first glance, the social discussion website Reddit appears to have joined the ranks crusade against Bitcoin. If you search the entire site for Tether Minting Means Bitcoin Buying Demand from Investors, While Fed Is Printing Non-Backed USD, Says Blockstream CEO. in 3 months. U.Today. BTC. 23 Feb 2020 The BCH SIM hack story stemmed from a Reddit post that's now that a major Chinese investor allegedly lost $30 million worth of BCH and $14.4 from the flooded Sichuan bitcoin mine story that actually happened in July.

Is Bitcoin mining worth it? When talking to people about cryptocurrencies, Bitcoin is usually the first one that comes to mind for most – its popularity continues to be unwavering, and even occasional lows do not change that.. Many people around the world see virtual money as the currency of the future, with cryptocurrencies such as Bitcoin paving the way for an alternative monetary system

The electricity cost involved in mining a single bitcoin is more than $3,000 in the cheapest states. For states with higher electric rates, you could spend more than $6,000 in electricity to mine a single bitcoin. With the cost of one coin hovering at $7,000 as of November 2019, the energy costs alone don't make it worth it. Is Bitcoin (BTC) Mining Worth It January 2019? Profitable ... Altcoin mining is marginally profitable depending on electricity costs but your ROI on hardware will be long. You can convert to BTC if you're specifically after bitcoin. If you're wanting to mine bitcoin directly then no, not at all profitable. Everything you need to know about Bitcoin mining

Mar 26, 2020 · Bitcoin mining is the process by which new bitcoins are entered into circulation, but it is also a critical component of the maintenance and development of the blockchain ledger.

8 Jan 2019 Cameron and Tyler Winklevoss hosted a Reddit AMA earlier today We detail the highlights of the AMA here, though the AMA is well worth reading in full $8,100 in a week when i invest $500 in bitcoin mining/binary option, 24 Apr 2018 In my opinion, bitcoin a colossal pump-and-dump scheme, the likes of which the world has never seen. In a pump-and-dump game, promoters 9 May 2018 Reddit is much the same and while searching for Bitcoin, you might find yourself reading a pro Bitcoin Cash subreddit without even realizing it.

Is it still worth mining Bitcoin? : Coin Report

Generally, it's not worth your time and effort to mine at home! (Some exceptions may apply.) Age of ASIC mining. CPU mining has been unprofitable since 2011, GPU mining just slightly later.. Today, ASICs rule mining. The Bitcoin network has more than 1.7 Ehash/s (Oct 2016) now which is 1,700,000,000,000 Mhash/s. Your graphics card will be running full blast to churn out a few hundred Mhash/s

Can You Really Make Money Mining Bitcoin With Your Gaming PC?

6 Best Bitcoin Mining Software (That Work) in 2020 ... Best Bitcoin Mining Software Reviewed. By: Ofir Beigel | Last updated: 11/13/19 If you’re thinking of getting into Bitcoin mining, one of the things you’re going to need is a software to run your mining hardware.In this post I’ll review the top Bitcoin mining software available on the market.