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@Hirom@beehaw.org to Technology@beehaw.org • 18 days ago

Bitcoin mining is no longer profitable

www.pcworld.com

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Bitcoin mining is no longer profitable

www.pcworld.com

@Hirom@beehaw.org to Technology@beehaw.org • 18 days ago
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Reports indicate that mining a single Bitcoin now costs far more in electricity than it's worth, even at sky-high prices.
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  • @kittenroar@beehaw.org
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    4•16 days ago

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

    • @Boomkop3@reddthat.com
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      3•16 days ago

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

      • @DragonTypeWyvern@midwest.social
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        1•16 days ago

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

        • @Boomkop3@reddthat.com
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          2•16 days ago

          Just clarifying the idea. I don’t support crime by holding up such networks

      • @vrighter@discuss.tchncs.de
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        1•16 days ago

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

        • @Boomkop3@reddthat.com
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          1•16 days ago

          I know, not the point

    • @MDCCCLV@lemmy.ca
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      1•15 days 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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