Is Bitcoin Mining Profitable in (Oct 2020)?

Ormeus Coin

Ormeus Coin is a new digital money system backed by a fully-audited USD250 Million industrial crypto mining operation. Revenue from the mining farm is cryptographically tied to the Ormeus Reserve Vault (ORV) through proof of asset technology and self-executing Ethereum Blockchain smart contracts, (ERC20 compliant).
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MiningPoolHub

This sub is strictly focused on mining on the MiningPoolHub service.
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What is the Most Profitable Bitcoin Mining Hardware?

What is the Most Profitable Bitcoin Mining Hardware? submitted by cryptosuperhero to u/cryptosuperhero [link] [comments]

Possibility of a brute forcing industry arising from improvements of mining hardware. When will it be profitable to crack a 12 word phrase? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Bitcoin mining is the process through which Bitcoin are generated directly to a Bitcoin Wallet with the help of an Antminer Hardware & other mining device in order to make an individual earn good profits within a short period of time.Join our team & we will be happy to help you with all necessities

Bitcoin mining is the process through which Bitcoin are generated directly to a Bitcoin Wallet with the help of an Antminer Hardware & other mining device in order to make an individual earn good profits within a short period of time.Join our team & we will be happy to help you with all necessities submitted by Jenniferwils616 to u/Jenniferwils616 [link] [comments]

If it's profitable to mine at 10k for 12.5 BTC, it should also be profitable to mine at 20k for 6.25 BTC (2020). The next 4 years if bitcoin grows to 40k, mining from 2024 on for just 3.125 BTC should still be profitable. Given trxs fees and price for hardware, energy, infrastructure stay as is.

submitted by castorfromtheva to Bitcoin [link] [comments]

07-08 20:05 - 'Hit me up to know more about mining with the s9 antminer hardware and get profit after every 24 hits of the bitcoin you mine / Knowing fully well that bitcoin is now the future currency' by /u/gabriel_andrew removed from /r/Bitcoin within 670-680min

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Hit me up to know more about mining with the s9 antminer hardware and get profit after every 24 hits of the bitcoin you mine Knowing fully well that bitcoin is now the future currency
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Author: gabriel_andrew
submitted by removalbot to removalbot [link] [comments]

Is Hashflare Sha-256 Bitcoin Mining Still Profitable In 2018?. Hashflare Hardware

Is Hashflare Sha-256 Bitcoin Mining Still Profitable In 2018?. Hashflare Hardware submitted by ososru to Bitcoin4free [link] [comments]

Is Hashflare Sha-256 Bitcoin Mining Still Profitable In 2018?. Hashflare Hardware

Is Hashflare Sha-256 Bitcoin Mining Still Profitable In 2018?. Hashflare Hardware submitted by Rufflenator to 3bitcoins [link] [comments]

Bitcoin Mining – Hardware & Software Is Profitable – How To Start – Free App – Legal Wiki Rig Miner

Bitcoin Mining – Hardware & Software Is Profitable – How To Start – Free App – Legal Wiki Rig Miner submitted by ososru to Bitcoin4free [link] [comments]

Bitcoin Mining – Hardware & Software Is Profitable – How To Start – Free App – Legal Wiki Rig Miner

Bitcoin Mining – Hardware & Software Is Profitable – How To Start – Free App – Legal Wiki Rig Miner submitted by Rufflenator to 3bitcoins [link] [comments]

Is Cloud Mining Profitable Than Bitcoin Mining Hardware? | BTC Wires

Is Cloud Mining Profitable Than Bitcoin Mining Hardware? | BTC Wires submitted by cryptoallbot to cryptoall [link] [comments]

Buy a fastest bitcoin mining hardware and ensure a profitable venture

Buy a fastest bitcoin mining hardware and ensure a profitable venture submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Is Bitcoin mining profitable or the hardware companies are trying to scam their customers ?

Is Bitcoin mining profitable or the hardware companies are trying to scam their customers ? submitted by MeLoN_DO to BitcoinMining [link] [comments]

Buy a fastest bitcoin mining hardware and ensure a profitable venture /r/BitcoinMining

Buy a fastest bitcoin mining hardware and ensure a profitable venture /BitcoinMining submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Buy a fastest bitcoin mining hardware and ensure a profitable venture /r/BitcoinMining

Buy a fastest bitcoin mining hardware and ensure a profitable venture /BitcoinMining submitted by cryptoallbot to cryptoall [link] [comments]

Is Cloud Mining More Profitable than Bitcoin Mining Hardware?

Getting started with bitcoin mining can be a difficult process for many. For example, you must consider things like the specific algorithm used by the Proof-of-Work cryptocurrency you want to mine. Additionally, bitcoin mining hardware can cost thousands or even tens of thousands of dollars. With all of these challenges it might be a good idea to look at alternative ways to gain cryptocurrency profits, but is cloud mining a legit, more profitable option in the long-run? In this article, we’ll compare these two possible options so you can make a more informed decision.
Costs of Bitcoin Mining Hardware
As discussed in this post, bitcoin mining hardware generally requires a substantial upfront financial commitment on the part of miners. First, it’s important to consider how much mining rigs cost. This not only depends on the cryptocurrency which you are aiming to mine but also how expansive and powerful your mining operation needs to be.
First, let’s consider hardware costs. If you want to mine BTC, for example, you’ll most likely need an ASIC mining rig. These are typically much more expensive compared to GPU and CPU mining rigs. Despite their potential to mine at much faster hash rates, ASIC mining rigs often face scrutiny for the fact that they cannot be repurposed. This means that, if a cryptocurrency project makes changes to their hash algorithms, ASIC miners will have to buy new gear. This can lead to some significant costs that can easily negate revenues and even lead to net investment losses.
In contrast, GPU and CPU mining gear can generally be repurposed if algorithm changes occur. In addition, these rigs are usually much less than their ASIC counterparts. Additionally, more projects are continuing to trend towards ASIC-resistance rather than ASIC-acceptance. For most miners, this means an overall reduction in both upfront and ongoing costs.
While having one mining rig might be a good first step to see if you can indeed become profitable, many people start out with more rigs to have a multiplier effect. However, even with rising prices, starting with multiple rigs should be done cautiously as each additional rig will likely add to the number of months it takes to make back your initial investment.
Of course, other factors like electric bill costs have to be considered. These vary by geographic area, making it difficult to put a precise amount on how much money is needed for keeping hardware rigs operations.
Costs of IT Cloud Mining
In comparison to hardware mining, costs for IT cloud mining are much simpler to calculate. Most companies run on a monthly subscription model that is determined by the cryptocurrency you want to mine and the hash rate speeds as seen on popular sites like Genesis Mining and HashFlare.
Prices for 2-year contracts of ETH mining with Genesis Mining currently vary from $1,520 at 40 MH/s to $12,960 at 360 MH/s.
HashFlare offers 1-year contracts of ETH mining for $1.80 per 100 KH/s.
Make sure to read reviews and check out projected ROI on any cloud mining service. The fact is that there are many services with extremely low profitability and even some which are known scams. Luckily, there are a few guides available on the best ways to identify potential cloud mining scams.
Hardware Mining ROI
Even though there is no way to say for certain how long it will take to break even on investments in hardware mining equipment or cloud mining, it’s still crucial to do research on estimated time frames. According to most miners, it’s difficult to expect to become profitable within 3 to 6 months. 10-15 months is realistic for many, though. A lot depends on crypto prices, electric costs, and the type of mining rig you use. Nicehash provides a good calculator for determining this.
IT Cloud Mining ROI
Based on information from Reddit forums, reviews, and ROI calculators, it is clear to see that cloud mining isn’t all that popular or profitable. For example, as of May 30, 2018, HashFlare Scrypt and SHA-256 currently take 3,828 and 3,983 days (or a little over 10 years) to reach ROI on BTC respectively according to this calculator from Coinstaker. Genesis Mining for ETH has an even worse ROI, taking around 25,992 days (70+ years). In both cases, it’s difficult to justify cloud mining over hardware mining.
The problem with keeping a subscription for cloud mining is that it can be difficult to keep paying monthly even in bear markets. These stats could certainly improve if we see a massive bull run as seen in December 2017; however, it can be pretty difficult to predict when a bull market will begin and end.
Compare this to using bitcoin mining hardware, and the choice is a bit more obvious. That’s because, even if the market is bear, most costs are upfront and not recurring. Sure, there are costs like electric bills to consider with hardware mining, but there are several locations throughout the world where energy consumption is very cheap and hardware mining is legal, making it a clearly more profitable option than cloud mining even in bear markets.
Conclusion
Despite the high upfront costs, the consensus is that bitcoin mining hardware remains much more profitable than cloud mining. Possibly the biggest benefit of cloud mining is its overall ease-of-use since it requires no difficult hardware installation and avoids potentially unpredictable electric costs. However, most in the cryptocurrency community would agree that if you can’t start a hardware mining operation, it’s probably best to make profits through trading rather than going the cloud mining route.
submitted by SwitchKanun to hashflareinfo [link] [comments]

Bitmain Antminer S9-hardware unboxing bitcoin profitable btc, bth miner and alt crypto currency coins - start mining now

Bitmain Antminer S9-hardware unboxing bitcoin profitable btc, bth miner and alt crypto currency coins - start mining now submitted by cubanhacker to Bitcoincash [link] [comments]

"...Intel is interested in creating specialized hardware for Bitcoin mining...Intel’s new hardware would...make Bitcoin...more profitable...Bitcoin mining is currently dominated by...a...company headquartered in Beijing...Intel has previously shown an interest in cryptocurrency"

submitted by intlnews to bitcoinprob [link] [comments]

Bitcoin cash mining still profitable 2018? Should you mine bitcoin cash in 2018? is mining bitcoin cash bch bcc more profitable to mine bitcoin mine bitcoincash bitcoin cash 2018? Bitcoin cash mining with your antminer is more profitable right now than mining bitcoin with your hardware.

Bitcoin cash mining still profitable 2018? Should you mine bitcoin cash in 2018? is mining bitcoin cash bch bcc more profitable to mine bitcoin mine bitcoincash bitcoin cash 2018? Bitcoin cash mining with your antminer is more profitable right now than mining bitcoin with your hardware. submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin cash mining still profitable 2018? Should you mine bitcoin cash in 2018? is mining bitcoin cash bch bcc more profitable to mine bitcoin mine bitcoincash bitcoin cash 2018? Bitcoin cash mining with your antminer is more profitable right now than mining bitcoin with your hardware.

Bitcoin cash mining still profitable 2018? Should you mine bitcoin cash in 2018? is mining bitcoin cash bch bcc more profitable to mine bitcoin mine bitcoincash bitcoin cash 2018? Bitcoin cash mining with your antminer is more profitable right now than mining bitcoin with your hardware. submitted by earringstud to Bitcoincash [link] [comments]

what-is-the-best-profitable-easiest-way-to-mine-your-bitcoin-top3-mining-hardware's-top5-best-wallets-how-to-mine-with-spare-android-phone-more

what-is-the-best-profitable-easiest-way-to-mine-your-bitcoin-top3-mining-hardware's-top5-best-wallets-how-to-mine-with-spare-android-phone-more submitted by BitcoinAllBot to BitcoinAll [link] [comments]

[uncensored-r/Bitcoin] According to NiceHash, no graphics card or mining specific hardware is considered profitable in m...

The following post by surfingjesus is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7c1oxo
The original post's content was as follows:
Was there a crash recently? Nicehash.com
edit: Realized my mistake. Nicehash calculates dollars per kWh, not cents like another site I used to find energy costs.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

According to NiceHash, no graphics card or mining specific hardware is considered profitable in my state. /r/Bitcoin

According to NiceHash, no graphics card or mining specific hardware is considered profitable in my state. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

DIY Bitcoin Mining: Hardware (part1) - YouTube Is BITCOIN MINING Profitable RIGHT NOW In Mid 2019? - YouTube Best Bitcoin Mining Rigs in 2020  New 110 TH/s Antminer ... By Far The BEST Bitcoin Mining Software In 2020 💸Profitable💸 Bitcoin Mining 2019 - Should We Mine Bitcoin? - YouTube

The highest paying Bitcoin mining pool and cloud mining provider on the market. Start mining Bitcoin Cash or Bitcoin today! Supercharge your mining potential. Mine Bitcoin easily on the cloud without having to buy hardware, or plug your own hardware into the world’s highest paying mining pool. Sign up now Log in. Mine Bitcoin. We offer BTC and BCH mining. You can also choose to automatically ... Bitcoin mining is a tedious activity that requires time and resources. In the past, this has been an easy job to do and has been a great outlet to earn free Bitcoins. However, over time, this has changed and the process has become more challenging and less profitable. Bitcoin mining requires electricity, hardware and software to make things ... How Profitable Is Bitcoin Mining Hardware In 2018? The initial years of Bitcoin mining were really akin to a gold rush. Perhaps it was the little publicity or people not knowing its potential future value that made relatively few people try it. Bitcoin mining refers to the process of verifying transactions or payments carried out between users on a decentralized network. Besides, it is a means ... Auch im Jahr 2020 ist es möglich, den Bitcoin und andere Kryptowährungen zu minen. Allerdings ist fraglich, ob es sich auch wirklich lohnt. Denn der Return ist von der Mining-Leistung abhängig ... 3. Notable Mining Hardware Companies Bitmain Technologies. The most well-known mining hardware manufacturer around, Bitmain was founded in 2013 in China and today has offices in several countries around the world. The company developed the Antminer, a series of ASIC miners dedicated to mining cryptocurrencies such as Bitcoin, Litecoin, and Dash.

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DIY Bitcoin Mining: Hardware (part1) - YouTube

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