Bitcoin mining at home
It is known that you can mine and acquire Bitcoin through the use of a personal computer or specialized mining equipment with good capabilities.
This activity was especially popular during the past years, to see a lot of forums and groups specialized in this area talking about good devices and methods used.
Indeed, years ago it was easy to make strong profits through the mining of Betquin and with the competition and the entry of giant companies in the field and the spread of cloud mining, it became difficult to achieve satisfactory profits through the mining of Bitcoin at home.
Mining by computers and smart phones is unprofitable
Laptops and personal computers are also not generally suitable for mining, and mining is very popular and widespread, but what can be observed is that the activists in this sector are moving to import and purchase mining equipment from electronic stores.
We also saw mining by smart phones but it is not widely deployed as unprofitable, and the capabilities of smartphones in the end remain limited and weaker than computers.
Continuing this activity on your PC or smart phone is harmful, cost-effective and time-consuming, and will not yield satisfactory results.
Strong competition does not help individuals in this area
Over the past years mining activity has been individual and can be done on your PC and profit from it with a little patience, but now the rules of the game have changed and big fish have become dominant in this sector.
When we talk about these huge fish, we mean companies that own many of these devices and use them at their mining and profit centers, but they provide them for individuals, which is called cloud mining.
There are also professionals working in the form of groups through the purchase of an apartment or private garage, and equipped with these machines and profit over time, stressing that this method needs good capital at first to buy machines and pay for electricity and maintenance costs and hardware upgrades.
99 percent of the mining machinery is unfortunately unprofitable
You will find dozens of them in various labels from various companies and brands, but the shock is that most of them are unprofitable and will not help you achieve the goal.
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It is useful if you have a lot of them and use them together, but if that is the way it is best to buy high-capacity and expensive mining devices instead of using these cheap devices.
The best device for profitable Bitcoin mining
Often if you are looking for good mining equipment at the moment and the best during 2017 you will find Antminer T9-12.5TH / s within the nominated names.
The device is available at Bitcoin for $ 1075 and weighs about 5.5 kg. It can cost you $ 93.60 a month for electricity, with a revenue of $ 205 and a net profit of $ 112 per month.
We can not consider $ 112 a profit since you first need to earn the cost of the device, which will take 10 months.
Bitcoin mining at home is profitable in this case
For different mining devices you can achieve with good profits in one case which is getting a free electric current!
Is this possible? For most people and individuals this is not possible, but for enterprises, electricity can be obtained through renewable sources, which helps them make better profits.
End of article:
Bitcoin mining at home has become a high-risk activity and is beset with material losses from all sides. After an easy-to-profit trade using personal computers, most mining machines specializing in mining convert to profitable activity with only one device after 11 months and in one case Using the rest of the devices.
If you have a solar panels or free electricity you can mine with everything you want (except the gadgets you do not want to break).
Yes, mining consumes electricity extensively