Hirom@beehaw.org to Technology@beehaw.org · 2 days agoBitcoin mining is no longer profitablewww.pcworld.comexternal-linkmessage-square68linkfedilinkarrow-up1166arrow-down10cross-posted to: buttcoin@lemmy.world
arrow-up1166arrow-down1external-linkBitcoin mining is no longer profitablewww.pcworld.comHirom@beehaw.org to Technology@beehaw.org · 2 days agomessage-square68linkfedilinkcross-posted to: buttcoin@lemmy.world
minus-squarekittenroar@beehaw.orglinkfedilinkEnglisharrow-up24·edit-22 days agobitcoin mining hasn’t been profitable for a long time. Like, a decade or so.
minus-squareBoomkop3@reddthat.comlinkfedilinkarrow-up5·1 day ago…but you could buy specialized hardware for it
minus-squarekittenroar@beehaw.orglinkfedilinkEnglisharrow-up3·1 day agoTrue, but the outlay of cost for the hardware was higher than the value of Bitcoin you would receive.
minus-squareMDCCCLV@lemmy.calinkfedilinkEnglisharrow-up1·4 hours agoIn 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.
minus-squareBoomkop3@reddthat.comlinkfedilinkarrow-up2·1 day agoThe power bill is more of a concern. Eventually it’ll pay itself back
minus-squarevrighter@discuss.tchncs.delinkfedilinkarrow-up1·17 hours agoit has to pay for itself faster than it becomes unprofitale. Which is never, now
minus-squareDragonTypeWyvern@midwest.sociallinkfedilinkarrow-up1·23 hours agoGo for that moonshot bro, your creditors will be happy to wait I’m sure.
minus-squareBoomkop3@reddthat.comlinkfedilinkarrow-up2·22 hours agoJust clarifying the idea. I don’t support crime by holding up such networks
bitcoin mining hasn’t been profitable for a long time. Like, a decade or so.
…but you could buy specialized hardware for it
True, but the outlay of cost for the hardware was higher than the value of Bitcoin you would receive.
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.
The power bill is more of a concern. Eventually it’ll pay itself back
it has to pay for itself faster than it becomes unprofitale. Which is never, now
I know, not the point
Go for that moonshot bro, your creditors will be happy to wait I’m sure.
Just clarifying the idea. I don’t support crime by holding up such networks