Mining Bitcoin BTC at Home is NOT PROFITABLE | Network Difficulty Rising Faster Than Bitcoin Price

in #bitcoin2 years ago

Mining Bitcoin at home is no longer profitable, the Bitcoin mining network difficulty is rising much faster than the Bitcoin price. Lets review Bitcoin Mining in 2019 going into 2020, along with the best Bitcoin miners and current Bitcoin mining profitability!

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Sure, you can still mine Bitcoin at home, which is on the sha-256 mining algorithm, however, is it worth it to mine Bitcoin? Mining Bitcoin is an invaluable learning experience, and simply a blast to learn how to set up a miner and passively earn Bitcoin through mining. Unfortunately, as Bitcoin continues to grow and evolve, there are a lot of professional-grade Bitcoin mining farms with full-time staff. Competing with million dollar Bitcoin mining operations from your residential basement will be very difficult, the Bitcoin network hashrate and difficulty are also outpacing the current Bitcoin BTC price. Bitmain Antminer, Innosilicon, and MicrobBT Whatsminer have released their next generation of Bitcoin BTC sha-256 miners which are rendering the previous generation of Bitcoin miners obsolete, most notably the Bitmain Antminer S9.

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Crypto Mining Tools BTC mining profit calc. -

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