Cryptocurrency Q&A
Is mining BTC still profitable?
Is mining BTC still profitable?
benjamin_rose_author
Tue Dec 10 2024
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7 answers
1333
With the rising costs of mining BTC, including increased electricity prices and hardware expenses, miners are facing tighter profit margins. Additionally, the volatile price of BTC makes it difficult to predict mining profits. Despite these challenges, some miners are still finding ways to make mining BTC profitable, such as by joining mining pools or using more efficient mining equipment.
7 answers
CryptoEmpire
Thu Dec 12 2024
The analysis of available data leads to a significant conclusion.
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Starlight
Thu Dec 12 2024
Since June 2018, Bitcoin mining has become unprofitable for miners who do not have access to cheap electricity.
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CryptoAce
Wed Dec 11 2024
China has emerged as a significant hub for Bitcoin mining.
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EchoSeeker
Wed Dec 11 2024
Specifically, the electricity price threshold for profitability is below 0.14 $/kWh.
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Rosalia
Wed Dec 11 2024
This threshold has made it challenging for many miners to continue operating profitably.
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