Post
Topic
Board Bitcoin Discussion
Re: BTC Mining, Still Relevant ?
by
Coin_trader
on 01/09/2020, 10:03:09 UTC
Bitcoin mining requirements is costly these days. You need to purchase specific hardware in order to mine a block which give you BTC in return, which profits low. If you calculate your electricity and mining equipment purchase, and i believe Antminer is much more costly. This is piece because its decrypts the code of a block faster than a regular GPU.
Antminer is much efficient than others, but still it will not be enough to earn a lot from mining knowing how high the bills increases even during Pandemic. It's only suitable to people who maybe have plenty of solar panels or in countries that have lower electricity billing. It will be better to use the capital in buying hardware to start trading especially now that it's good to trade as long you'll be able to ride on DeFi projects hype and will be able to monitor throughly.