Hirom@beehaw.org to Technology@beehaw.org · 8 days agoBitcoin mining is no longer profitablewww.pcworld.comexternal-linkmessage-square74fedilinkarrow-up1186arrow-down10
arrow-up1186arrow-down1external-linkBitcoin mining is no longer profitablewww.pcworld.comHirom@beehaw.org to Technology@beehaw.org · 8 days agomessage-square74fedilink
minus-squarekittenroar@beehaw.orglinkfedilinkEnglisharrow-up25·edit-27 days agobitcoin mining hasn’t been profitable for a long time. Like, a decade or so.
minus-squareBoomkop3@reddthat.comlinkfedilinkarrow-up6·6 days ago…but you could buy specialized hardware for it
minus-squarekittenroar@beehaw.orglinkfedilinkEnglisharrow-up4·6 days agoTrue, but the outlay of cost for the hardware was higher than the value of Bitcoin you would receive.
minus-squareBoomkop3@reddthat.comlinkfedilinkarrow-up3·6 days agoThe power bill is more of a concern. Eventually it’ll pay itself back
minus-squarevrighter@discuss.tchncs.delinkfedilinkarrow-up1·6 days agoit has to pay for itself faster than it becomes unprofitale. Which is never, now
minus-squareDragonTypeWyvern@midwest.sociallinkfedilinkarrow-up1·6 days agoGo for that moonshot bro, your creditors will be happy to wait I’m sure.
minus-squareBoomkop3@reddthat.comlinkfedilinkarrow-up2·6 days agoJust clarifying the idea. I don’t support crime by holding up such networks
minus-squareMDCCCLV@lemmy.calinkfedilinkEnglisharrow-up1·5 days 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
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
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.