This video goes over my 7 day 1 week bitcoin mining experiment. If we use the simple bitcoin mining calculator shown above you will see that at todays difficultly you will earn around 1 bitcoin a month.
Why It S Nearly Impossible To Make Money Mining Bitcoin
In a month mining bitcoinshow much you can earn depends entirely on what you sink into your operations.
How much do you earn with bitcoin mining. At the other end of the spectrum you could get a 5 year contract for 6125 with 25 ths. Use this to check everything. Use your existing gaming pc to make some extra bitcoin or extra cash.
But of course this doesnt take into account the hardware cost electricity cost pool fees etc. This sounds like a lot but its unlikely that youd do much more than break even in 2 years on such a small plan. Furthermore while there are a few legit sites out there the money youd pay them to mine bitcoin is probably better invested just buying bitcoin as can be seen with my genesis mining analysis.
Because its computational power that matters here and consistency. I let my computer mine for bitcoin for a week straight to see how much money i could generate. Asics may earn you money gpus wont anymore.
Of course i urge you to do your own market research since in the end its your money. Most likely you wont be earning mone! y with bitcoin mining and thats okay mining has become a very ! specialised process. But for those of you with gaming pcs you might be surprised how much money you can make mining with it and how easy it is.
For example as of 2019 genesis offers a 2 year bitcoin mining contract for 50 which gets you 1 ths 1 tera hash per second or 1000000000000 hashes per second. However at least with cloud mining you dont have to worry about power consumption costs and other direct costs related to doing all of the mining with your own rig. The long view investing in expensive equipment and spending in excess of 3000 in energy bills to mine one bitcoin only makes sense if you believe the price of bitcoin will rise beyond the 3000 to 4000 range.
If you want to invest money into new asics you might be able to turn a tidy profit. Httpbitfuncoref0be902754d91 play games have fun and earn free bitcoin hello guys just a quick video on my mining rigshow much i have spent and how much im.
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