Bitcoin's hashrate climbed to an all-time high(ATH)this week touching 166 exahash per 2nd(EH/s)on October 14. Despite the current price rise and also hashrate ATH on Wednesday, just a tiny group of next-generation mining rigs are profiting at present bitcoin exchange prices.
How many devices does a miner need currently to be profitable in mining Bitcoin ? Any known estimations?
Hi people, I would be really grateful if someone pointed me to a link (or directly knew the answer) where I can research further the question how much computers(or ASICS) does a mining-farm need at MINIMUM for BItcoin , to comfortably be able to produce regular blocks and be profitable (after all electricity costs etc. )?
I know electricity costs differ by region, but just approximately-> the question I would love to grasp is: How many computers or "mining devices" (what type of devices-GPUs, or ASICS, etc.?) should a mining-farm include to have realistic chances to be profitable?
100 Computers/devices? 100,000 devices? I just dont have any feeling for the magnitude we are dealing with.
04-15 06:53 - 'Invest with us today and make profit 24 hours a day. Currently Blockchain offers cloud mining services to specific investors, this process is very simple and transparent.' (i.redd.it) by /u/sarah-abdul removed from /r/Bitcoin within 29-39min
We also use the current Bitcoin price in our calculations, but you can change the Bitcoin price to anything you'd like to get better data. Factors That Affect Mining Profitability . Mining can be an effective way to generate passive income. However, there are numerous factors that affect mining profitability, and often times they are out of your control. Some seem to believe they will be able ... Cryptocurrency Mining Profitability Results The following list of cryptocurrencies are being compared to Bitcoin mining to determine if a cryptocurrency is more profitable to mine than mining Bitcoin. The cryptocurrency profitability information displayed is based on a statistical calculation using the hash rate values entered and does not account for difficulty and exchange rate fluctuations ... 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. QUICK TIP. Unless you have access to very cheap electricity, and modern mining hardware then mining isn’t ... Bitcoin mining trouble is at present at an unequaled high somewhere in the range of 110 and 120 million terahashes every second, showing that a ton of new mining limit has been added to the organization, yet since the cost hasn’t completely recuperated from the plunge brought about by the rise of COVID-19, we ought to expect the greater part of the miners being briefly at a misfortune ... Bitcoin Mining is the process of using specialized computer hardware to earn Bitcoin. The annual production of Bitcoin via mining is $3.5 Billion dollars, with most of that Bitcoin going to Bitcoin miners. As miners earn rewards in Bitcoin, their profits can change greatly on market conditions – making Bitcoin mining a high risk / high reward industry. Anyone can join the Bitcoin network and ...
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