risk of bitcoin mining

15-04-2020, 01:39 PM

bj2d Wrote: 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.

Exactly what I'm thinking, plus the halving thing coming soon. It was profitable back in the time but most people now try to make money through scalping BTC (and a lot lose money too).