Comment on Bitcoin mining is no longer profitable

kittenroar@beehaw.org ⁨1⁩ ⁨month⁩ ago

• Boomkop3@reddthat.com ⁨1⁩ ⁨month⁩ ago

  …but you could buy specialized hardware for it

  source

  • kittenroar@beehaw.org ⁨1⁩ ⁨month⁩ ago

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

    source

    • Boomkop3@reddthat.com ⁨1⁩ ⁨month⁩ ago

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

      source

      • vrighter@discuss.tchncs.de ⁨1⁩ ⁨month⁩ ago

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

        source

        • -> View More Comments
      • DragonTypeWyvern@midwest.social ⁨1⁩ ⁨month⁩ ago

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

        source

        • -> View More Comments
    • MDCCCLV@lemmy.ca ⁨1⁩ ⁨month⁩ 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.

      source