Post
Topic
Board Bitcoin Discussion
Re: Bitcoin mining is costly...
by
armarsterling7
on 21/07/2018, 12:27:00 UTC
One thing to say mining bitcoin consumes a large amount of electricity and it would take lots of equipment to manned the mining. There should be a development in making the cost of bitcoin lower; given that lower mining cost could yield a higher profit. However, it matters on trading and exchanges.
I do not think it is expensive. Although it uses a lot of power to dig up coin, the value it gives is very high when Bitcoin is at $ 7k3.
I feel this is a promising mining industry. Although the number of coin has increased to 17 million, there are still plenty of opportunities for us to get rich. I am intending to import Bitcoin diggers. Wink