bitcoin mining profitability reddit_is bitcoin mining profitable in 2021 reddit

mining levequestsmining vs buying crypto2022-05-25 08:29:2525687752
Is bitcoin mining still profitable and will it be for the next few ...

Oct 19, 2021 — It's the simplest way to monitor the current profitability of mining based on current mining difficulty and bitcoin's price.

BTC Mining Profitability : BitcoinMining - Reddit

I include a difficulty increase of 4.4% per month, which seems to be the average increase for the past 3 years. At the current price of about $37k/BTC and 6cents per KWH, 75% of your costs are on the miner. Miner prices would have to be cut in half to make 25% ROI after 3 years. I am using a theoretical miner costing $10,000, Hashrate of 100 TH ...

Total Mining Profit until 2.0 (Chart Update!) : r ... - Reddit

To address comments from last round, profit here is just mining profit. Costs and Revenue from purchase/sale of GPUs is not accounted for intentionally.

Bitcoin mining profitability : BitcoinMining

So I’ve been saving up for a potential mining rig and I have a few concerns. 1.) How long does a Bitcoin miner remain profitable. A year? 3 years? 2.) is it possible, to gain a substantial amount of income year over year from Bitcoin mining? 3.) are you consistently having to re-purchase new Bitcoin miners to stay up to date with efficiency And profitability?

Should you start mining in 2022? Is profitability actually lower ...

Right now it makes a lot more sense to buy the crypto you want to hold than it is to mine and get it (either directly or through exchanges). GPUs are still more ...

Bitcoin profitability/calculator spreadsheet? - reddit

In case anybody here is new to the tradition, contest goes like so: I pledge to give 0.00048 BTC (roughly equivalent to $24 is at the moment) to the closest prediction. If you predicted price higher than $50K and win, you will recieve 0.00048 BTC (guaranteed to be $24 or more), if you predicted a price lower than $50K and win, you will recieve ...

Do you think is it worth to start mining now? - Reddit

Sep 29, 2021 — Profitability of all coins will drop 80-90% after ETH is gone. Guys with 5 cents per kWh will likely make some profit, those with 10 cents may ...

Bitcoin Mining Increases the Profitability of Renewable ...

Bitcoin mining potentially solves the duck curve problem that renewable energy has without the need of expensive storage solutions. You could theoretically solve the problem by massively overbuilding your renewable energy generation such that the minimum it ever generates is always greater than the maximum people need to consume.

Total Mining Profit until 2.0 (Chart Update!) : r ... - Reddit

May 22, 2021 — If the crypto can be mined with ASICs, you have no chance. Those who can be mined with GPUs may profit from the hardware mining limiters GPU ...

Bitcoin mining profitability after taxes and hash rate ...

Bitcoin mining profitability after taxes and hash rate difficulty increases. Close. 20. Posted by 8 days ago. Bitcoin mining profitability after taxes and hash rate difficulty increases. Hey all. I’m looking to purchase my first miner but I’m concerned about profitability. ... help Reddit coins Reddit premium Reddit gifts.

OMG PROFITS?? Why you're less profitable now and ... - Reddit

What affects Ethereum mining profits? ... Priced in small fractions of the cryptocurrency ether (ETH), commonly referred to as gwei and sometimes also ...

New to bitcoin mining, I have an 8k budget, what ... - reddit

Ideally you want the latest generation of GPU hardware as they will be the most efficient but good luck finding them. Side note to that, avoid the high end models, they suck from a cost of the GPU relative to performance, take for example a 3090 costs $1500 and currently brings in $7.22 a day before power costs, but for $300 less you can get 3 3060ti's which combined will bring in $10.92 ...

Mining profitability, am I missing something? : r/gpumining

Jan 14, 2021 — Is there any costs/risks I'm forgetting to factor in besides the possibility of all of crypto going to zero before I get my ROI? Just hard to ...

How different is the profit from mining ETH and Bitcoin ...

How different is the profit from mining ETH and Bitcoin? Completely different. Depends what you mean by different. They use different machines for mining, different algorithms, different amounts of power consumption, different ROI. Let's say I use a GTX 1660 (just a random example, I'm not actually going to use one)

GPU mining profitability went down 70% in the last 4 months

Sep 15, 2021 — Just spend two minutes to google about eth mining or heck just read two or three posts on Reddit since almost every other one is similar to what ...

Antminer S9 profitability : BitcoinMining - reddit.com

Hive Blockchain, a cryptocurrency mining company, has purchased more than 3,000 Bitcoin mining machines to join North American mining pools for mining. The announcement stated that the addition of new mining machines will increase the total computing power of 264PH/s per second, and increase the overall Bitcoin operating power of Hive by 46% to approximately 830 PH/s.

Mining hasn't been worth it for at least 4 years, right? - Reddit

Aug 30, 2021 — Profit will never tell the real story. Mining is extremely cyclical. As adoption of crypto increases, it does not matter which coin, nethash ...

The Profitability Guide of Antminer S19 ASIC ... - reddit.com

Guide to profit on the S9 is just one: Pay no electricity or pay very little. More posts from the BitcoinMining community. Continue browsing in r/BitcoinMining. r/BitcoinMining. The official bitcoin mining forum / subreddit / chat room / place to be! 83.9k. Members. 44. Online. Created Jun 15, 2011. Join. help Reddit coins Reddit premium. about ...

Is there a point in getting into crypto mining these days? - Reddit

Dec 1, 2021 — The overall feeling is that ETH 2.0 will cause GPU mining to become dramatically less profitable no matter what you mine for at least quite some ...

7 Reasons Bitcoin Mining is Profitable and Worth It (2022)

The short answer is yes. The long answer… it’s complicated. 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.

Is bitcoin mining still profitable and will it be for the next few ...

Oct 19, 2021 — It's the simplest way to monitor the current profitability of mining based on current mining difficulty and bitcoin's price.

BTC Mining Profitability : BitcoinMining - Reddit

I include a difficulty increase of 4.4% per month, which seems to be the average increase for the past 3 years. At the current price of about $37k/BTC and 6cents per KWH, 75% of your costs are on the miner. Miner prices would have to be cut in half to make 25% ROI after 3 years. I am using a theoretical miner costing $10,000, Hashrate of 100 TH ...

Total Mining Profit until 2.0 (Chart Update!) : r ... - Reddit

To address comments from last round, profit here is just mining profit. Costs and Revenue from purchase/sale of GPUs is not accounted for intentionally.

Bitcoin mining profitability : BitcoinMining

So I’ve been saving up for a potential mining rig and I have a few concerns. 1.) How long does a Bitcoin miner remain profitable. A year? 3 years? 2.) is it possible, to gain a substantial amount of income year over year from Bitcoin mining? 3.) are you consistently having to re-purchase new Bitcoin miners to stay up to date with efficiency And profitability?

Should you start mining in 2022? Is profitability actually lower ...

Right now it makes a lot more sense to buy the crypto you want to hold than it is to mine and get it (either directly or through exchanges). GPUs are still more ...

Bitcoin profitability/calculator spreadsheet? - reddit

In case anybody here is new to the tradition, contest goes like so: I pledge to give 0.00048 BTC (roughly equivalent to $24 is at the moment) to the closest prediction. If you predicted price higher than $50K and win, you will recieve 0.00048 BTC (guaranteed to be $24 or more), if you predicted a price lower than $50K and win, you will recieve ...

Do you think is it worth to start mining now? - Reddit

Sep 29, 2021 — Profitability of all coins will drop 80-90% after ETH is gone. Guys with 5 cents per kWh will likely make some profit, those with 10 cents may ...

Bitcoin Mining Increases the Profitability of Renewable ...

Bitcoin mining potentially solves the duck curve problem that renewable energy has without the need of expensive storage solutions. You could theoretically solve the problem by massively overbuilding your renewable energy generation such that the minimum it ever generates is always greater than the maximum people need to consume.

Total Mining Profit until 2.0 (Chart Update!) : r ... - Reddit

May 22, 2021 — If the crypto can be mined with ASICs, you have no chance. Those who can be mined with GPUs may profit from the hardware mining limiters GPU ...

Bitcoin mining profitability after taxes and hash rate ...

Bitcoin mining profitability after taxes and hash rate difficulty increases. Close. 20. Posted by 8 days ago. Bitcoin mining profitability after taxes and hash rate difficulty increases. Hey all. I’m looking to purchase my first miner but I’m concerned about profitability. ... help Reddit coins Reddit premium Reddit gifts.

OMG PROFITS?? Why you're less profitable now and ... - Reddit

What affects Ethereum mining profits? ... Priced in small fractions of the cryptocurrency ether (ETH), commonly referred to as gwei and sometimes also ...

New to bitcoin mining, I have an 8k budget, what ... - reddit

Ideally you want the latest generation of GPU hardware as they will be the most efficient but good luck finding them. Side note to that, avoid the high end models, they suck from a cost of the GPU relative to performance, take for example a 3090 costs $1500 and currently brings in $7.22 a day before power costs, but for $300 less you can get 3 3060ti's which combined will bring in $10.92 ...

Mining profitability, am I missing something? : r/gpumining

Jan 14, 2021 — Is there any costs/risks I'm forgetting to factor in besides the possibility of all of crypto going to zero before I get my ROI? Just hard to ...

How different is the profit from mining ETH and Bitcoin ...

How different is the profit from mining ETH and Bitcoin? Completely different. Depends what you mean by different. They use different machines for mining, different algorithms, different amounts of power consumption, different ROI. Let's say I use a GTX 1660 (just a random example, I'm not actually going to use one)

GPU mining profitability went down 70% in the last 4 months

Sep 15, 2021 — Just spend two minutes to google about eth mining or heck just read two or three posts on Reddit since almost every other one is similar to what ...

Antminer S9 profitability : BitcoinMining - reddit.com

Hive Blockchain, a cryptocurrency mining company, has purchased more than 3,000 Bitcoin mining machines to join North American mining pools for mining. The announcement stated that the addition of new mining machines will increase the total computing power of 264PH/s per second, and increase the overall Bitcoin operating power of Hive by 46% to approximately 830 PH/s.

Mining hasn't been worth it for at least 4 years, right? - Reddit

Aug 30, 2021 — Profit will never tell the real story. Mining is extremely cyclical. As adoption of crypto increases, it does not matter which coin, nethash ...

The Profitability Guide of Antminer S19 ASIC ... - reddit.com

Guide to profit on the S9 is just one: Pay no electricity or pay very little. More posts from the BitcoinMining community. Continue browsing in r/BitcoinMining. r/BitcoinMining. The official bitcoin mining forum / subreddit / chat room / place to be! 83.9k. Members. 44. Online. Created Jun 15, 2011. Join. help Reddit coins Reddit premium. about ...

Is there a point in getting into crypto mining these days? - Reddit

Dec 1, 2021 — The overall feeling is that ETH 2.0 will cause GPU mining to become dramatically less profitable no matter what you mine for at least quite some ...

7 Reasons Bitcoin Mining is Profitable and Worth It (2022)

The short answer is yes. The long answer… it’s complicated. 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.

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