How is bit coin mining profitable for guys in their house?

It seems like private individuals with a couple of old computers could never make money at bit mining when there are companies and individuals with access to huge server farms and multi-core processing terminals. Why does bitcoin even bother with guys in their house when they can hire a company with 10 supercomputer terminals to do the job many times faster?

Well it costs a bunch of money to start turning a profit bitcoin mining and that's why it's hardly practical anymore. You're way better off trading it for a profit or mining new coins.

The only people making money from mining bitcoin are people who started mining 2009-2012 and build a facility for themselves and bitmain. Bitmain basically controls most of the mining power of almost every coins that is worth something aka bitcoin ethereum litecoin, etc. Also, besides that, they're selling hardware for mining that's kinda overpriced unless you live in Iceland and have access to free unlimited electricity. Probably the people you've seen mining arent mining bitcoin because it's almost impossible (99.99%) to profit running it in your home as electricity will f*ck you over. Some coins that you can actually mine without expensive hardware are monero, eth and some others that are kinda small but may become profitable in the long run. But as always, crypto is completely speculation so thinking about a long-term thing may not be the smartest thing to do.

pd: dont fall into "cloud" mining sites as almost all of them are scams and some (eobot) let's you mine XRP which is not mineable (they're using your power to mine whatever coin they want and pay you almost nothing compared to what you could've made alone.

BTC mining is not worth it with a normal hardware. Just mine an altcoin, there are webpages that show the most profitable altcoins. Though mining altcoins is not that proftable either.

22-10-2018, 02:13 AM

spamjunkbob Wrote: It seems like private individuals with a couple of old computers could never make money at bit mining when there are companies and individuals with access to huge server farms and multi-core processing terminals. Why does bitcoin even bother with guys in their house when they can hire a company with 10 supercomputer terminals to do the job many times faster?

i have 20 videocards in my garage xd

have only 5 videocards :( queria minerar bitcoin daora demas

It might be profitable but requires a lot of resources and some investment to start

The costs for their energy are low. So they have profit of mining.

Is it actually still profitable? Anyone know? I know the prices have dropped a bunch.

Just build a miner and spread it = profit lol .. . . . . . . ..