Bitcoin mining reddit. Those rigs would cost you close to $100,000.


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    1. Bitcoin mining reddit You must have better reasons for mining. That's really not a good justification for mining. Oct 28, 2019 · I've always been interested in Bitcoin, however I am complete beginner to mining. Dont do it. Can someone please explain what's ETH 2. Users share their experiences and opinions on mining BTC and ETH with GPUs or ASICs. You are competing against professional miners who earn a decent profit by paying just $0. Not sure which part of mining interests you, but first some more general comments about mining: Because Bitcoin is a decentralized system, you need a decentralized workforce to keep it running. Besides, recently, I came across some information about crypto mining platforms. Jan 12, 2024 · I've been checking out some smaller mining machines and rigs that don't cost a lot of money, so I've wondered for a while now, is it worth getting into mining or is it best to just buy and resell? Is it better to buy a whole mining machine(they look like mini servers) or is it better to source the different parts separately and build a rig myself? Nov 19, 2021 · People who invested in Bitcoins initially, or at least started mining it, are millionaires now. 91K subscribers in the BitcoinMining community. Just from doing this I've already learned so much about ventilation, electricity, and business that I didn't know before and I will always benefit from. Times that by 4 if you buy 4 rigs. An S19 Pro (110th) brings about 0. This is a surprisingly large Bitcoin Mining subreddit with over 30 000 members discussing the various aspects of mining bitcoin. After a thorough analysis, 9 out of 10 times, the miner would have made multiples more if they would have just bought the asset they were mining with the same money they spent on the miners. 03 to $0. The official bitcoin mining forum / subreddit / chat room / place to be! Feb 11, 2021 · Best ways to buy Bitcoin instantly (2021): complete beginner guide (x-post from /r/Bitcoin) For Bitcoin and similar coins specifically, the miner is taking a selection of recent transactions (that haven't already been recorded in a previous block), adding a little bit of data (including the previous block's hash, the miner's address to send the reward to, and a random value for each attempt), and calculating the cryptographic hash of Jan 17, 2021 · Having recently started mining myself, I would encourage you to lower the power limit of your GPU before mining as well as the other overclocking. The official bitcoin mining forum / subreddit / chat room / place to be! Compared with the mining industry growing rapidly you have to realize you're competing with hundreds of multi million dollar GPU farms, ect. Miners are this workforce, which help to keep the infrastructure running and are paid for their services in newly minted Bitcoins. 0, how it will affect GPU mining for ETH, and is it supposed to affect BTC mining as well? In terms of hardware, should I go down the RTX road, or is it better to spend money on an ASIC miner, and which one? Jun 17, 2024 · 103K subscribers in the BitcoinMining community. As such, it is more resistant to wild inflation and corrupt banks. r/gpumining: The community of GPU mining enthusiasts, both professionals and hobbyists. Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. r/CryptoMining Dec 1, 2024 · The official bitcoin mining subreddit to ask questions about GPU mining or why EU ditched its plan to ban bitcoin mining, share pictures and videos on liquid cooling solutions for miners for personal & small customers, and more. Those rigs would cost you close to $100,000. 00051817 btc/day or about 0. You will be throwing good money down the drain as you are already underwater. If you can buy bitcoins for cheaper than you can mine them, then you should buy them instead because you will end up with more. This means if you pay more than ~$0. Again, that is my humble opinion. If you want to do more, look to increase existing equipment hashrate or find new (cheaper) equipment. This is the Bitcoin mining subreddit so I assume you are only buying Bitcoin mining rigs and no other altcoin miners. I ran a fairly large hydro powered mining operation for a few years starting in 2015. 0155/month. And without the massive pain in the ass. I have an apartment with utilities included, so something I'm interested in getting a small mining rig set up. I suggest to not spend any more fiat on the mining setup you describe. If you are doing it for fun and education, then go for it! Yes! And it's more about the experience right, or we would just buy Bitcoin and wait. Well, maybe not everyone, but at least they made a lot of money in the end. Like currently you’d be spending more on electricity than the Bitcoin you’d mine is currently worth, but if bitcoins price keeps rising then eventually it could be worth more than you spent to mine it? Oct 7, 2023 · Mining Subreddits r/BitcoinMining. Any suggestions or recommendations to start? My guess is you would need 100 mining rigs to make a profit of $33,000 a year. Edit: …or buy bitcoin outright r/gpumining: The community of GPU mining enthusiasts, both professionals and hobbyists. You can typically lower it significantly (not sure how much but certainly more than 10%), resulting in significantly lower temps (longer lifespan and lower sound level) and only slightly lower hashrates. 04 per kWH. I would recommend GoMining it uses NFT powered mining and is probably about one of the most legit cloud mining services I’ve used I currently get about about $10-$13 per day deposited into my BTC wallet the more you invest the more you make you can upgrade your NFT by 2 ways you can upgrade your TH which is the power your miner has same way We would like to show you a description here but the site won’t allow us. They also provide tips, links, and warnings on the costs, difficulties, and market fluctuations of Bitcoin mining. Users share their opinions and experiences on whether it is worth it to start mining Bitcoin now, using GPUs or ASICs, or cloud mining platforms. Learn about the profitability, difficulty, risks and alternatives of BTC mining. I just want us retail folk to capitalize as much as possible. . Unless you have extremely cheap energy you’re better off just buying Bitcoin. 06 per KWh, unplug your ASIC miner and sell it -- it's cheaper to buy bitcoin than operate a bitcoin mining rig. It can get quite technical in there so keep your wits about you. bmpr yzw iglglo lqffotpmz gpcb tgpca cji cdztr waqh lmbon