Post
Topic
Board Beginners & Help
Re: does it worth to start mining now ?
by
Hamza2424
on 19/05/2023, 14:03:23 UTC
what do you guys think does it worth to start mining now ?

Do you have enough resources?
If yes. then bro do it.

First, make a  decision about it (Plan), and Plan your cost-to-earning ratio, Most importantly you need to figure out your cost and Mining Difficulty because time to time for solo traders mining new blocks become harder and harder as of after around every two weeks or 2016 blocks Bitcoin network adjust the Difficulty level to stabilize the production of the blocks mining average time in 10 minutes.

Keeping it simple you can join if you have cheap electricity and good Equipments and Location. You can join mining pools but you should prefer solo mining if you have good resources. to energy consumption idea on Bitcoin network you can follow these stats

26000TWH Energy was consumed
365 Days
52560 Blocks
Total Bitcoins = 328500


Per Block energy consuption= 494 KWH and with that 79 KHW per Bitcoin power was used in total.