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RE: Prices are down, but is BTC mining still profitable? Depends.

in #bitcoin3 years ago

Oh I understand that, it’s completely factored into my figures. I am in a lucky area of the US that has a relatively low power cost, .065 per kWh. My heater is my miner and essentially pays for itself right now. That is how I look at it. Other than than, not very profitable at all. It’s a more efficient heater than what is in my apartment. It’s a balance.

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Just image if it was $0.04 kWh.

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