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Is bitcoin mining still worth it reddit

Written by Mark Oct 21, 2021 · 7 min read
Is bitcoin mining still worth it reddit

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The long answer its complicated. Successfully mining just one Bitcoin block and holding onto it since 2010 would mean you have 450000 worth of bitcoin in your wallet in 2020. Is mining still worth it. I have been doing some with my gaming rig using Nicehash which is a basic way to start. This thread is archived.

Is Bitcoin Mining Still Worth It Reddit. Its worth mining it just tells the future its a long term run. Mining Litecoin requires the use of GPU mining. The payouts on Nicehash are through bitcoin as people are paying for hashing power from the pool. Is mining bitcoin in some pools still worth it.


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I have invested in BTC A good amount. Bitcoin mining is more profitable than ever in 2021 if youre wondering if Bitcoin mining is worth it absolutely. Is it still worth getting involved in mining Bitcoin the worlds most well-known and widespread cryptocurrency. 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. The short answer is yes. 10082021 The short answer is yes.

14062021 This article will explore whether Bitcoin mining is worth it in 2021 and what some alternatives might be.

Is bitcoin mining still worth it reddit. You need to hold it. Successfully mining just one Bitcoin block and holding onto it since 2010 would mean you have 450000 worth of bitcoin in your wallet in 2020. Is mining bitcoin in some pools still worth it. What about mining other cryptocurrencies. Bitcoin mining is more profitable than ever in 2021 if youre wondering if Bitcoin mining is worth it absolutely.


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3112013 In terms of gains its not worth it. Posted by 7 months ago. In the same way that reading a book is worth it. Using an AMD Ryzen 1600 AF and RTX 2060 making around 150 - 200 per day around 5k - 7k sats per day is actual payout in BTC. I have invested in BTC A good amount.

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Just buy crypto and cut out the middleman. The short answer is yes. Thats why im giving rvn a try the halving is close its on january 2022 and even when its get just to 1 i made more with rvn in a year than. I also started with eth but even when it doubles it will not be rly promissing with 005 eth a week. Is bitcoin mining still worth it reddit.

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I have invested in BTC A good amount. What about mining other cryptocurrencies. I also started with eth but even when it doubles it will not be rly promissing with 005 eth a week. 10082021 The short answer is yes. I also started mining from last 1-15 yrs using Nicehash Miner with RTX 2080Ti What Ive mined till now is worth over 2K of BTC now and if I just keep on HODLing it then it could be worth 10K in future maybe 3-5 yrs down the.

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Posted by 7 months ago. 3112013 In terms of gains its not worth it. Lets review crypto mining profitability in 2021 and if you should mine cryptocurrency in 2021. Just buy crypto and cut out the middleman. At something like 10K BTCUSD the bitcoin miners equilibrium is about 008 per kWh using an efficient Antminer S17 and todays difficulty level.

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Bitcoin mining can still make sense and be profitable for some individuals. Bitcoin mining can still make sense and be profitable for some individuals. 05082021 Bitcoin mining can still make sense and be profitable for some individuals. Its worth mining it just tells the future its a long term run. Why Bitcoin Mining Exists Bitcoin mining is the process by which new bitcoins are brought into existencea process that is capped at 21 million BTC according to the Bitcoin protocol.

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Is mining still worth it. At something like 10K BTCUSD the bitcoin miners equilibrium is about 008 per kWh using an efficient Antminer S17 and todays difficulty level. Using an AMD Ryzen 1600 AF and RTX 2060 making around 150 - 200 per day around 5k - 7k sats per day is actual payout in BTC. With the current numbers Bitcoin mining will never be commercially profitable for anyone who isnt already an entrenched player and it may be a dubious prospect even for these people. I have been doing some with my gaming rig using Nicehash which is a basic way to start.

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Its worth mining it just tells the future its a long term run. 22042021 Is crypto mining worth it in 2021 reddit. The long answer its complicated. Bitcoin miners make a lot of money and have increased a lot in price. Why Bitcoin Mining Exists Bitcoin mining is the process by which new bitcoins are brought into existencea process that is capped at 21 million BTC according to the Bitcoin protocol.

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3112013 In terms of gains its not worth it. Is mining Bitcoin and Ethereum still worth it. You can grab around 50 rvn a day or better said i get 50 rvn a day with a 3090. If so it is important to consider hardware and electricity costs in relation to reward profitability before determining if it is still worthwhile for you to mine bitcoin in 2021. At something like 10K BTCUSD the bitcoin miners equilibrium is about 008 per kWh using an efficient Antminer S17 and todays difficulty level.

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Given that you can trade one for over 9000 Bitcoin mining is still theoretically worth it. 14062021 This article will explore whether Bitcoin mining is worth it in 2021 and what some alternatives might be. The payouts on Nicehash are through bitcoin as people are paying for hashing power from the pool. 3112013 In terms of gains its not worth it. 13022021 After considering the inner workings of mining bitcoin you might decide to do some additional research about mining tools.

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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. Mining Litecoin requires the use of GPU mining. Its worth mining it just tells the future its a long term run. This thread is archived. Just buy crypto and cut out the middleman.

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Just buy crypto and cut out the middleman. Just buy crypto and cut out the middleman. So maybe you guys can share your opinion on this topic. However in practice the algorithms complexity is growing in leaps and bounds. In the same way that reading a book is worth it.

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