[uncensored-r/Bitcoin] Is Bitcoin mining worth it?
The following post by IDidReadTheSideBar is being replicated because the post has been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7hitmn The original post's content was as follows:
From what I've seen, it seems to be many on the fence of mining. Is it worth to spend a few bucks on a mining machine? Furthermore, more so of a curious question. How much Bitcoin can be mined with one machine in a given time? Thanks!
So, I know that a lot of people used R9 290X's and R9 290s to mine bitcoin a while ago. I know it's kind of futile to try and profit off it, but if I were to say just mine bitcoins to say I mined bitcoins would it be worth it?
Okay so i've got a COINTERRA TerraMiner powered by GolsStrike... This doesn't mean anything to me as i dont understand bit coin mining etc... but i can have this bit coin miner up for 300 pounds a month thats just paying for the amps that it uses, i dont need to rent space or anything as my family own the data center. I want to set it up but everyone is advising me against it as apparently it makes no money atall... Is it really worth putting this up for a month or two or not?
“Oy vey is it hot! I should just head back to the desert am I right? Anyways I have an investment lined up bubby. Have u heard of bitcoin? A close associate of mine Jon mcafee says 1 coin will be worth a mil in a year. So I say we start u out w/ a 10k initial Investment & then play it by ear.”
Mining bitcoin now demands more computational power than ever before, with mining difficulty reaching a new high of 17.35 trillion, up 9.89% from the previous record posted on July 1.. The new ... ZEC uses the PoW Equihash hashing function, which enables the coin to be mined using GPU cards, and the algorithm is not compatible with application-specific integrated circuit chips mining. ZEC is capped at 21 million, just like Bitcoin, so there are chances that the coin will appreciate in price, as the coins get closer to their final limit. Before and while it was the most-talked topic (back in January of 2018), Bitcoin was having its rough start. Nowadays, there are Bitcoin calculators that can help you decide if mining Bitcoin is worth it, which makes the process and your money investments a lot safer and easier to do! Usually, mining BTC is the most profitable opportunity. Bitcoin cloud mining, is it worth it and is it safe? Individuals, businesses, developers: learn from our simple Bitcoin guides. How Bitcoin works, what is Bitcoin, what is blockchain, how to buy Bitcoin, what is Bitcoin mining and more. Bitcoin mining began as a well paid hobby for early adopters who had the chance to earn 50 BTC every 10 minutes, mining from their bedrooms. Successfully mining just one Bitcoin block, and holding onto it since 2010 would mean you have $450,000 worth of bitcoin in your wallet in 2020.
Bitcoin Mining 2019 - Should We Mine Bitcoin? - YouTube
I set up a Bitcoin cryptocurrency mining farm in my garage with GPU mining rigs and ASIC miners as well as FPGA miners in my house. I explain how to setup yo... Is mining Bitcoin BTC still profitable in 2020? Let's review mining profitability, Bitcoin, Bitcoin Cash, and Bitcoin SV. Block reward halving, network diffi... WANT FREE STOCK FAST? CLICK LINK And CLICK "SIGN UP NOW"! 💲💲💲 http://join.robinhood.com/jareds7 ALL VIDEOS ARE ONLY REPRESENTATIVE OF MY OPINION. ONLY INVEST... #bitcoin #cryptocurrency #cryptocurrencynews Is Bitcoin (BTC) Mining Worth It January 2019? Profitable Or Not Profitable? Bitcoin mining profitability and best ASICS to mine bitcoin in 2019, this ... Graphics card stock has long been tapped out due to cryptocurrency miners, but does what they're doing make any sense? Let's find out. Sign up for Crunchyrol...