Hirom ( Hirom@beehaw.org ) to Technology · 2 years agoBitcoin mining is no longer profitablewww.pcworld.comexternal-linkmessage-square72linkfedilinkarrow-up1186
arrow-up1186external-linkBitcoin mining is no longer profitablewww.pcworld.comHirom ( Hirom@beehaw.org ) to Technology · 2 years agomessage-square72linkfedilink
minus-squarekittenroar ( kittenroar@beehaw.org ) linkfedilinkEnglisharrow-up25·2 years agobitcoin mining hasn’t been profitable for a long time. Like, a decade or so.
minus-squareBoomkop3 ( Boomkop3@reddthat.com ) linkfedilinkarrow-up6·2 years ago…but you could buy specialized hardware for it
minus-squarekittenroar ( kittenroar@beehaw.org ) linkfedilinkEnglisharrow-up4·2 years agoTrue, but the outlay of cost for the hardware was higher than the value of Bitcoin you would receive.
minus-squareBoomkop3 ( Boomkop3@reddthat.com ) linkfedilinkarrow-up3·2 years agoThe power bill is more of a concern. Eventually it’ll pay itself back
minus-squareDragonTypeWyvern ( DragonTypeWyvern@midwest.social ) linkfedilinkarrow-up1·2 years agoGo for that moonshot bro, your creditors will be happy to wait I’m sure.
minus-squareBoomkop3 ( Boomkop3@reddthat.com ) linkfedilinkarrow-up2·2 years agoJust clarifying the idea. I don’t support crime by holding up such networks
minus-squarevrighter ( vrighter@discuss.tchncs.de ) linkfedilinkarrow-up1·2 years agoit has to pay for itself faster than it becomes unprofitale. Which is never, now
minus-squareBoomkop3 ( Boomkop3@reddthat.com ) linkfedilinkarrow-up1·2 years agoI know, not the point
minus-squareMDCCCLV ( MDCCCLV@lemmy.ca ) linkfedilinkEnglisharrow-up1·2 years 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.
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.
The power bill is more of a concern. Eventually it’ll pay itself back
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
it has to pay for itself faster than it becomes unprofitale. Which is never, now
I know, not the point
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.