I Am Unplugging My Bitcoin Miners & You Should Too | ASIC Mining Is DyingsteemCreated with Sketch.

in #bitcoin6 years ago

Is it worth it to mine Bitcoin? Aside from the altruistic act of securing the BTC network via Proof-of-Work PoW, Bitcoin mining doesn't make cents or sense now or in the foreseeable future for the residential small-scale cryptocurrency miner.
Still want a Bitcoin Miner? - http://geni.us/dBMn

There are many factors at play when you analyze cryptocurrency and cryptocurrency mining profits, however with Bitcoin price remaining stagnant and Bitcoin mining difficulty continuing to increase this becomes a very simple equation that the longer time goes on = the less Bitcoin/USD you will earn mining BTC.

Bitcoin Mining Difficulty Chart Coinwarz - http://bit.ly/2Lqr6w6
WhatToMine Bitcoin Mining Profit Calc. - http://bit.ly/2wmy67J
AsicMinerValue Bitcoin Mining Profit Est. - http://bit.ly/ASICm
CryptoCompare BTC Profits Calculator - http://bit.ly/2NiLTn4
Bitcoin BTC to USD Conversion - http://bit.ly/2wb8871
Bitcoin Miner Antminer S9 Shown - https://amzn.to/2LoK32f
Bitmain Antminer S9j official store - http://bit.ly/2P1KJfW
Bitmain Antminer S9 Hydro leaked - http://bit.ly/2w61z6v
Bitcoin BTC Price CoinMarketCap - http://bit.ly/2o7SaH6

Mining Rig Parts IN STOCK on Amazon - http://geni.us/WQd7cCs

VoskCoin Patreon - https://www.patreon.com/VoskCoin
VoskCoin Facebook - https://www.facebook.com/VoskCoin/
VoskCoin Reddit - https://www.reddit.com/r/voskcoin/
VoskCoin Discord Server Invite - https://discord.gg/FGGmS2z
VoskCoin Twitter - https://twitter.com/VoskCoin
VoskCoin Instagram - https://www.instagram.com/voskcoin/

VoskCoin Official Donation Addresses, support appreciated!
BTC - 12PsgKuhcJrEqJbD3oMN7rcEcuyqyqRznL
ETH - 0xDEe6A2ae293F8C58Ef71649658344BbF382b6e70
ZEC - t1ZoVF5t75NahSAfuwpcyHA8uzkPyocXpJZ
ZEN - znb1iNFP6VctF2AhXLXtMsSjP7emvYDmeXR
Loki - LScbLXmws9RA4SXVz5GhGm3N2YfKShw6MQGeyAjYc3bE5nYHUw3UUWxgKGN8kCnWQkfZEGN1PBxX7Zky3aVJSpGxTZTuDLB
XMR - 484HoyS4h2fenvLKQkuUV7FwnJaGK8LMX43tiJ3UZdVU53d2MxFiQ1jbSfyorsXZVs1SvoPVh4nipjd7b4GVgFGmCgygdpV
Doge - DHgX7vJjBsmYcB1GgubGtu3TVJkqQgCG6B

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to http://Amazon.com and affiliated sites.
#Bitcoin #Mining #Cryptocurrency!

Sort:  

With mining facilities going online around the world.. Like Hive blockchain and others are going to make small-medium mining setups unprofitable unless BTC moons again. They are mining other coins too, so just a matter of time unless those will become unprofitable as well due to centralized massive mining facilities.

Been trying to sell my A3. With my cheap power I could still profit with most ASIC's but not enough to justify the initial cost. If I buy another one I think I will be stick to BTC.

Meanwhile my little 1070 rig is just happily plugging away in the basement.

Coin Marketplace

STEEM 0.19
TRX 0.15
JST 0.029
BTC 62948.49
ETH 2583.15
USDT 1.00
SBD 2.74