Is Bitcoin Mining Worth It

Mining cryptocurrency has become extremely popular over the last 5 years as bitcoin has seen a considerable price hike. Is bitcoin mining profitable or worth it in 2019.

Is Bitcoin Mining Worth It Coincentral

Is bitcoin mining in anyway profitable.

Is bitcoin mining worth it. Bitcoin mining is only truly profitable when the electricity is free like from the chinese government or your college. Bitcoin mining can use an obscene amount of electricity i! t makes electric ovens and 1950s space heaters seem efficient. If youre heard about bitcoin then you probably heard about bitcoin mining as well the concept of creating bitcoins from your computer.

This popularity has contributed to a flood of new mining rigs being developed at a record pace. Mining cryptocurrency seems like a no brainer. This is a simple question with a complex answer.

I personally do not think it is worth it unless you have a lot of time and money to play with. Jordan tuwiner last updated january 29 2019 the early days of bitcoin mining are often described as a gold rush. The first bitcoin miners were able to earn coins relatively quickly just using what computing power they had in their homes.

Is bitcoin mining worth it. Set up a computer to help solve complex math puzzles and you are rewarded with a coin or a fraction of a coin. Is bitcoin mining worth it in 2018.

Th! e following post will give you a complete overview of what bit! coin mining is and is it still profitable today. There are a few different factors that influence whether or not bitcoin mining will be worth it for you. Is bitcoin mining worth it are question that might seem simple but it has a complex answer.

Even with the rising bitcoin price the set up fees and electricity costs may outweigh the revenue that youd earn through mining. There are various factors which can be helpful in deciding whether it is worth it or not. Mining is the safe and time oriented investment that a nervous trader makes.

So is bitcoin mining worth it in may 2019. The financial industry was rocked in 2009 when a user or users with an alias of satoshi nakamoto introduced bitcoin to the world. Then again if you were mining ethereum when it was 1 per share you would have a hell of a return.

Bitcoin mining hardware is it still a smart investment. Is bitcoin mining worth it. Should purchase a bitcoin! mining machine antminer or asic o.

Is Bitcoin Mining Profitable Or Worth It In 2017 2018 Steemit