BitCoin Mining Profitable?

The short answer would be ?It depends on how much youre willing to spend. Each person asking himself this will get a slightly different answer since Bitcoin Mining profitability depends on many different factors. In order to find out Bitcoin mining profitability for different factors ?mining profitability calculators were invented.

These calculators take into account the different parameters such as electricity cost, the cost of your hardware and other variables and give you an estimate of your projected profit. Before I give you a short example of how this is calculated lets make sure you are familiar with the different variables:
Hash rate, Bitcoins per Block, Bitcoin difficulty, electricity rate, power consumption, pool fees, etc.

So youre probably not going to get rich by mining Bitcoins at home unless you buy some heavy duty equipment and have very low electricity costs.So even though home mining is an expensive business there are still other option that may be relevant for you to get into the mining game at a lower cost.

So is Bitcoin Mining Profitable ? My guess is that in the long run you could make a profit from Bitcoin mining but only if you invest a considerable amount of money in a good mining rig Antminer s9.If you dont have the time or the money stay away from mining and just invest in buying Bitcoins for the long run.