Is mining bitcoin still a viable venture to undertake in todays world? We will explore that question in this article. But first, lets explore the various ways in which you can mine Bitcoin.
By reading this article we are assuming that you are already familiar with the basic fundamentals of Bitcoin and Bitcoin mining. In this article, well explore the actual hardware, software and technical aspects that are required in order to be profitable in Bitcoin mining...
https://www.bitcrypt.co/is-bitcoin-mining-still-viable/With the current price of Bitcoin, I am sure the Bitcoin mining activity can still be profitable and viable depending on the location, the cost of electricity and the political culture of the place you are in. This means that in many areas Bitcoin mining is already dead because of high cost and less availability of power. There are place where electric can be cheaper but politically the atmosphere is not friendly. This is in fact, bringing the next question: What if there be less and fewer locations where mining can be viable...what will happen to Bitcoin and its sustainability? Can we develop new technology for Bitcoin mining where the demand for power is not that significant?