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@[email protected] to [email protected] • 12 days ago

Bitcoin mining is no longer profitable

www.pcworld.com

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Bitcoin mining is no longer profitable

www.pcworld.com

@[email protected] to [email protected] • 12 days ago
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Reports indicate that mining a single Bitcoin now costs far more in electricity than it's worth, even at sky-high prices.
  • @[email protected]
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    11 days ago

    bitcoin mining hasn’t been profitable for a long time. Like, a decade or so.

    • @[email protected]
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      6•11 days ago

      …but you could buy specialized hardware for it

      • @[email protected]
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        4•11 days ago

        True, but the outlay of cost for the hardware was higher than the value of Bitcoin you would receive.

        • @[email protected]
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          3•11 days ago

          The power bill is more of a concern. Eventually it’ll pay itself back

          • @[email protected]
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            1•10 days ago

            it has to pay for itself faster than it becomes unprofitale. Which is never, now

            • @[email protected]
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              1•10 days ago

              I know, not the point

          • @[email protected]
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            1•11 days ago

            Go for that moonshot bro, your creditors will be happy to wait I’m sure.

            • @[email protected]
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              2•11 days ago

              Just clarifying the idea. I don’t support crime by holding up such networks

        • @[email protected]
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          1•10 days ago

          In theory if you didn’t have heating you could get a cheap used machine and run it and the revenue might cover the cost of heating and you get a free to run space heater.

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