Money Talk

risk of bitcoin mining

Submitted by Jakez, , Thread ID: 167126

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RE: risk of bitcoin mining

#2
So you need to make sure you make profits over the electricity costs. If you live in a dorm or something where you don't pay for electricity from a simple usage basis, its all profit. Another risk/challenge is realizing that bitcoin mining is becoming steadily harder and harder. It requires near constant investment now in asic miners because gpus are considered a little bit obsolete now.

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