Questions tagged [upfront and ongoing costs]

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DaeguDivaDanceQueen DaeguDivaDanceQueen Fri Dec 27 2024 | 6 answers 1172

Can I be rich mining Bitcoin?What about Bitcoin mining? Bitcoin mining can be a lucrative way to make money with Bitcoin, but not for individual investors. Because of the computing power required, the upfront and ongoing costs can far outpace mining rewards earned.

I'm wondering if mining Bitcoin can make me rich. I've heard it's a profitable way to earn Bitcoin, but I'm not sure if it's suitable for individual investors like me. I'm concerned about the high computing power and costs involved, which might outweigh the mining rewards.

Can I be rich mining Bitcoin?What about Bitcoin mining? Bitcoin mining can be a lucrative way to make money with Bitcoin, but not for individual investors. Because of the computing power required, the upfront and ongoing costs can far outpace mining rewards earned.

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