Is there still a possibility to make money in Bitcoin mining anymore?

pasture
Posts: 76
Joined: Tue Aug 22, 2017 1:03 pm

Is there still a possibility to make money in Bitcoin mining anymore?

Postby pasture » Wed Aug 23, 2017 5:23 am

Is there still a possibility to make money in Bitcoin mining anymore?

chrome47
Posts: 72
Joined: Wed May 03, 2017 7:33 am

Re: Is there still a possibility to make money in Bitcoin mining anymore?

Postby chrome47 » Wed Aug 23, 2017 8:22 am

As of date, mining is beneficial. It's returning 8% of your income for each month. This implies it would take around 13 months to recover your project. Be that as it may, indeed, this relies upon a few components:
Cost of Bitcoin (The more it goes high, the additional mining stays gainful)
Piece dividing (Most of the general population disregard this even. It's vital for mining to watch dividing plan)

Mining trouble (It increments ceaselessly. New innovation should be ceaselessly imagined to cop up this issue. With current innovation (and Bitcoin value), I can anticipate just 2 years of time for mining to stay beneficial)

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