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Topic
Board Beginners & Help
Re: [General] How to earn Bitcoins
by
Husna QA
on 03/04/2024, 13:36:15 UTC
I am a newbie and if I must confess I have really learn alot from this forum.I think the best way to earn bitcoin is by mining Satoshi
No, I totally disagree with you that mining is the only way to earn Bitcoin. You can make a significant amount of Bitcoin with the DCA strategy, which also starts with a smaller amount. It doesn't require a large amount; you can just accumulate Bitcoin with a few dollars. While mining required much more money.

Did you know the cost of Bitcoin mining?
 
It is quite expensive. And we also need a lot of stuff to get done.
Below are some of the components I write that are necessary for a mining plant.
GPU
Power Supply
CPU (central processing unit)
Memory
Motherboard
SSD or Hard drive
Frame
Colling
 
-snip-

As far as I know, if what is being mined is Bitcoin, then it is currently not worth using a GPU. At least you need to use an ASIC mining tool to mine Bitcoin, even those with a large hash rate if you want to get more profit. The following are several examples of ASICs and their estimated profitability:
https://www.asicminervalue.com/efficiency/sha-256