Cryptocurrency Q&A
Is BTC mining still profitable in 2024?
Is BTC mining still profitable in 2024?
SejongWisdomKeeper
Thu Dec 19 2024
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6 answers
1362
I'm wondering if mining Bitcoin, or BTC, would still be a profitable venture in the year 2024. With the changing landscape of cryptocurrency and its mining, I'm curious to know if it's worth investing in BTC mining.
6 answers
Tommaso
Sat Dec 21 2024
Mining Bitcoin as a solo miner with minimal equipment is an unlikely path to profit.
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GinsengBoostPowerBoost
Sat Dec 21 2024
The reality is that the cost of power consumed during the mining process often outweighs any potential earnings.
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WhisperInfinity
Fri Dec 20 2024
Pool mining presents a more viable option for those looking to earn from Bitcoin mining.
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Tommaso
Fri Dec 20 2024
By joining a mining pool, miners combine their computational resources to increase the chances of solving a block and earning rewards.
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Stefano
Fri Dec 20 2024
With decent equipment and efficient power usage, miners in a pool can still see some profit.
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