Post
Topic
Board Mining
Re: Bitcoin mining at home
by
GigaBit
on 09/01/2023, 17:04:47 UTC
It just seems to me like mining of Bitcoin isn't that real. I have never seen anyone who says that he/she has successfully mined a Bitcoin. Maybe I must be mistaken.. I just need some insights, please.
You have never seen does not mean that they do not exist. People have been profitable with mining, even more persons than you can imagine.

 
I don´t want to spend a lot of money, something until 1k will be enough for me. However, I will think about it.
You cannot be serious about really wanting to mine bitcoins for profit without spending a lot of money. The cost of mining is not just in the beginning when you just start mining, there are a lot of associated expenses that come with mining and maintaining your mining activity, you just have to be prepared for it and keep an open mind with your planned expenses.
I agree with you, I think mining bitcoins is not as easy as he posted. Bitcoin mining requires a huge amount of money.  Mining a Bitcoin requires a huge amount of electricity. If you calculate the electricity bill for the amount of electricity that is consumed to mine a bitcoin, it can be seen that there is no profit in mining bitcoins. Many countries have already tried to do Bitcoin mining but because of the huge electricity bills they have turned away from Bitcoin mining.
Bitcoin mining is one of the notable work but in recent times there has been some stagnation in this activity. Because we all know that the price of Bitcoin is very low during this period, which means that the amount of profit is also very low.

In general, by Bitcoin mining we mean a process of generating Bitcoins through some complex mathematical solutions. However, doing this type of work at home can often lead to various problems. Mining needs perfect place to work especially it has to do in a quiet environment. Otherwise there will be problem in mining. Just as there is a difference between home and office work, mining cannot be done without a suitable environment.