Bitcoin Mining Is Almost 100% Non Profitable
And guess what?
I'm ok with that!
This now gives every day people the chance to kick on their CPUs and GPUs in which we all have and start earning some bitcoin. If you really believe in bitcoin then mining it is a great option to mine and hold so you can later on maybe cash it in for profit when the price goes up.
It is a great way to spread bitcoin to the masses.
As of writing this only the Ebang Ebit E11++ will earn you $0.53 a day
and the
ASICminer 8 Nano 44TH will get you about $0.15 a day
This really has been the downfall ever since ASIC systems came out. ASIC systems booted up but where limited to the masses which meant big companies now did all the mining while the small everyday users couldn't mine for a profit at all.
Now those tables might turn and I am curious if bitcoin will make any adjustments to its mining algorithm.
That being said you can mine bitcoin easily without any real setup instructions.
For CPU only mining I would recommend using CryptoTab Simply download the browser open it up and start mining.
You will want to play with the mining slider bar a bit. I never get good results for pushing it 100% but around the 50% - 60% range for myself works well for using the system and mining effectively.
For those of you with GPUs as well consider the easy to setup HoneyMiner Simply download this program and kick it off. Its important to note this things going to peg your system at 100% for both the GPU and CPU so it wont be very useable. Its best to run this overnight or when your not at the computer for some time.
Enjoy and start building up that bitcoin!
Maybe some of the equipment prices will continue to come down as well! I have always wanted to try it!
Posted using Partiko iOS
True they where prob charging massive overprice for these things and getting huge profits off them. With a surplus in supplies might be able to grab up a few!
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