Comment on Bitcoin mining is no longer profitable

kittenroar@beehaw.org ⁨3⁩ ⁨days⁩ ago

• Boomkop3@reddthat.com ⁨2⁩ ⁨days⁩ ago

  …but you could buy specialized hardware for it

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  • kittenroar@beehaw.org ⁨2⁩ ⁨days⁩ ago

    True, but the outlay of cost for the hardware was higher than the value of Bitcoin you would receive.

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    • MDCCCLV@lemmy.ca ⁨1⁩ ⁨day⁩ ago

      In theory if you didn’t have heating you could get a cheap used machine and run it and the revenue might cover the cost of heating and you get a free to run space heater.

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    • Boomkop3@reddthat.com ⁨2⁩ ⁨days⁩ ago

      The power bill is more of a concern. Eventually it’ll pay itself back

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      • vrighter@discuss.tchncs.de ⁨2⁩ ⁨days⁩ ago

        it has to pay for itself faster than it becomes unprofitale. Which is never, now

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      • DragonTypeWyvern@midwest.social ⁨2⁩ ⁨days⁩ ago

        Go for that moonshot bro, your creditors will be happy to wait I’m sure.

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