Can you make money on btc mining nowadays

Started by diazmarcus, 07-07-2020

270
5
Can you make money on btc mining nowadays
  07-07-2020, 02:23 PM
#1
Ive used several btc mining calculators and all show me that i would lose money (tried different hardware options), can this actually be true ? Pepe

  07-16-2020, 09:44 PM
#2
It depends on how cheap your electricity bill is, also the price of BTC. At today's $9200 per BTC @ $0.03 / kWh consider 12~14 months ROI without measuring how much your time is worth.
If Bitcoin hits $100k then ROI is less than 1.5 months so in that hypothetical scenario then absolutely yes.

  10-13-2020, 12:45 AM
#3
I dont think its worth investing in mining today, the cost will keep increasing while the mining getes harder and you may not recoup your investment in time

  10-14-2020, 11:40 AM
#4
we would need a lot of mining power these days

  10-18-2020, 06:23 AM
#5
I wonder then... if only the big players mine these days... what's the incentive if smaller nodes to provide service?
At some point, if only 10 nodes do the mining, it defeats the decentralized idea. I guess there are probably more than 10 big players but still... food for thought.

  10-18-2020, 08:43 AM
#6
btc mining is becoming difficult today .. but you start mining with XMR ( Monero )

https://prnt.sc/v1jmcn

very promising :)

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