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is Bitcoin Mining now profitable?


Vmedvil2
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I don't really understand Bitcoins at all, despite having read many sources about them.

Anyway, according to this source:

"Based the mining hardware inputs provided, 0.00067108 Bitcoin can be mined per day with a Bitcoin mining hashrate of 110.00 TH/s, a block reward of 6.25 BTC, and a Bitcoin difficulty of 20,608,845,737,768.00.

After deducting mining power costs and mining fees, the final daily Bitcoin mining profit is $35.04 Bitcoin to USD"

 

$35/day doesn't seem all that profitable to me, and when you take into consideration the amount of risk and volatility in price, it is not for everyone, and not for me. I am not making any investment advice here, but for me, physical gold coins are looking good because of the number of dollars that will be printed by the Biden administration.

 

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On 5/8/2021 at 11:42 AM, OceanBreeze said:

I don't really understand Bitcoins at all, despite having read many sources about them.

Anyway, according to this source:

"Based the mining hardware inputs provided, 0.00067108 Bitcoin can be mined per day with a Bitcoin mining hashrate of 110.00 TH/s, a block reward of 6.25 BTC, and a Bitcoin difficulty of 20,608,845,737,768.00.

After deducting mining power costs and mining fees, the final daily Bitcoin mining profit is $35.04 Bitcoin to USD"

 

$35/day doesn't seem all that profitable to me, and when you take into consideration the amount of risk and volatility in price, it is not for everyone, and not for me. I am not making any investment advice here, but for me, physical gold coins are looking good because of the number of dollars that will be printed by the Biden administration.

 

You gotta know when it’s time to pursue the Bitcoin. 
 

how would you know? COMMUNICATION

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