Post
Topic
Board Bitcoin Discussion
Re: Bitcoin mining is not profitable enough!
by
MinoRaiola
on 03/09/2021, 18:45:37 UTC
Bitcoin mining is the process that ensures and processes bitcoin blockchain transactions. If there is a bitcoin mine the bitcoin cryptocurrency will continue to stop working because no transaction will be confirmed those who work in the mining process are referred to as bitcoin miners and they provide their support to bitcoin users with a percentage of the transaction fees charged. Mining bitcoin can be an effective way to make extra money that's why traders think that bitcoin mining is profitable.

With all the current calculations, you must not forget when you want to sell the coins. Many calculate the values based on current rates, but few really sell directly after mining. Some trade, the others hodln and others invest in more hardware. Important are the costs for hardware, electricity and storage. This question will continue to ask many, the goal of the coins is hodln and use at the best possible price.