is Bitcoin Mining now profitable?

[Vmedvil2]

I was wondering if bitcoin mining was now profitable with bitcoin being as high of a value as it is?

BTC Price = https://www.coindesk.com/price/bitcoin

Edited February 26, 2021 by VictorMedvil

[OceanBreeze]

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.

 

[IenSmith]

I finish working with bitcoin because when a cryptocurrency and its position depends on someone's words, it is a manipulative weapon and you can lose a lot because of this. Maybe here https://computools.com/software-development-trends/ information can be found

Edited June 30, 2021 by IenSmith

[katewilliams]

I cannot tell anything about bitcoin, but  logistics software development for companies that have transportation as a part of their internal processes can be profitable for sure. Check more info on this topic here:  https://itechcraft.com/expertise/logistics/ .

[StivkaM]

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[AlexJohnson]

Unfortunately, the need to email warm up IP addresses is mainly due to the vast number of bad actors who abuse the email medium to send recipients content and messages they have not consented to receive. As a result, inbox providers inherently (and necessarily) distrust unknown senders. For this reason, IP warming is a must for anyone who wants their messages to make it to the inbox.

[eliteshadewind]

Bitcoin mining can still be profitable, but it really depends on a few key factors: the cost of electricity where you live, the price of mining equipment, and how competitive the network is. 

[TheLightOI]

With Bitcoin’s value being high, it’s tempting, but mining has also become much more resource-intensive. You’ll need powerful hardware and access to cheap electricity to make it worthwhile, especially with rising difficulty levels.

If you’re not set on mining, exploring other opportunities in the crypto world could be more accessible. For example, I’ve used https://solana-scripts.com/ to get into the Solana ecosystem, which is a lot more efficient than Bitcoin in terms of energy and transaction speeds. It’s also a great way to launch tokens or boost volume without needing heavy-duty equipment.

Edited September 26 by TheLightOI