Would mining bitcoin gold be profitable today?

Dariana Flatley asked a question: Would mining bitcoin gold be profitable today?
Asked By: Dariana Flatley
Date created: Mon, Mar 29, 2021 10:26 PM

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Those who are looking for an answer to the question «Would mining bitcoin gold be profitable today?» often ask the following questions:

❔ Would mining bitcoin gold be profitable?

Bitcoin Gold Mining Profitability Calculator If you are curious to see how profitable mining the Bitcoin Gold cryptocurrency can be for you, check out our mining calculator. It will give you profits estimated on the current difficulty of Bitcoin Gold, along with the BTG to USD price.

❔ Is mining bitcoin gold profitable today?

Bitcoin mining began as a well paid hobby for early adopters who had the chance to earn 50 BTC every 10 minutes, mining from their bedrooms. Successfully mining just one Bitcoin block, and holding onto it since 2010 would mean you have $450,000 worth of bitcoin in your wallet in 2020.

❔ Would mining bitcoin gold be profitable in 2017?

In this current given circumstance, profitability is highly unlikely. Once ASIC mining hardware innovation reaches the point of diminishing returns, the situation may improve in future. That, together with cheap, hopefully sustainable power solutions may once again make Bitcoin mining profitable to small individual miners around the world.

10 other answers

Bitcoin Gold Mining Profitability Calculator. If you are curious to see how profitable mining the Bitcoin Gold cryptocurrency can be for you, check out our mining calculator. It will give you profits estimated on the current difficulty of Bitcoin Gold, along with the BTG to USD price.

No, and in the case of Bitcoin, it almost never was. Unless you were one of the very first people to mine Bitcoin, CPU mining has never been profitable. There was a time where one could profitably mine Bitcoin with GPUs, but again…today, you really must have an ASIC and a deal with a power company to make any money mining Bitcoin in 2020.

Bitcoin mining can still make sense and be profitable for some individuals. Equipment is more easily obtained, although competitive ASICs cost anywhere from a few hundred dollars up to about...

For now, bitcoin mining is profitable as the number of miner is growing rapidly day by day. Countries like Japan, Russia, US, and UK are accepting Bitcoin as a virtual currency, even some has legalized it too. It is expected that bitcoin block reward will be 6.25 BTC per block in 2020.

Requirements – What do You Need to Start Mining Bitcoin Gold Today? To mine Bitcoin Gold, you need the right type of hardware and software, as well as have access to electricity and a stable internet connection. If you have these in place, you are good to go and could soon be among the people helping to secure the Bitcoin Gold network.

Bitcoin Gold forked away from the Bitcoin blockchain to prevent ASIC mining. These mining machines are so much more efficient at mining than GPU and CPU miners have no chance. Latest Coinbase Coupon Found:

Here’s another example using Antminer S9 Bitcoin miner. This miner does 14 Terra hashes a second and uses 1350 watts.. If you plug 14 Terra hashes on the mining profit calculator and considering the power consumption, you will probably use $3.90 power every day if you are paying $0.12 kilowatt per hour. In a year, you will pay around $1,423 for power consumption just to run Antminer S9.

Would Mining Bitcoin Gold Be Profitable Mining Contract Bitcoin Cash Register for Consensus today! This service will allow you to setup a Linux machine on a cloud server. It's a hell of a lot faster than if you were running your own hardware at home. How Do I Use Ethereum? An RX 's power draw is almost negligible. Cloud mining is not for you.

Would Mining Bitcoin Gold Be Profitable When Is Genesis Mining Coming Out With Bitcoin Hash Power I'm sorry you felt you were a victimBest Cryptocurrency Miner For R9 Fury Invest Ira In Ethereum I need to remind you that Genesis Mining clearly states you need to do the research to ensure that this is what you really want to spend your money on. I guess the pages are just loaded up with too ...

Now run the mine_btg.bat file to start mining Bitcoin Gold on a pool. Wait until the shares are getting submitted to the pool. Once you find the miner is submitting shares copy your BTG address and enter it in the mining pool. The pool will display the complete statistics. On 2miners the minimum payout is 0.1 BTG.

Your Answer

We've handpicked 22 related questions for you, similar to «Would mining bitcoin gold be profitable today?» so you can surely find the answer!

Is mining bitcoin gold profitable price?

If you are curious to see how profitable mining the Bitcoin Gold cryptocurrency can be for you, check out our mining calculator. It will give you profits estimated on the current difficulty of Bitcoin Gold, along with the BTG to USD price. Fill out your hashing power / hashing rate, pool fees if these are applicable to you, the amount of power usage and power cost in kw per hour.

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Is mining bitcoin gold profitable stocks?

Bitcoin mining can still make sense and be profitable for some individuals. Equipment is more easily obtained, although competitive ASICs cost anywhere from a few hundred dollars up to about...

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Is mining bitcoin gold profitable youtube?

How profitable is it to mine cryptocurrencies? And how to figure out whether the mining is profitable? Today we investigate some simple economics of blockcha...

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Will mining bitcoin gold be profitable?

Bitcoin Gold Mining Profitability Calculator If you are curious to see how profitable mining the Bitcoin Gold cryptocurrency can be for you, check out our mining calculator. It will give you profits estimated on the current difficulty of Bitcoin Gold, along with the BTG to USD price.

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Is bitcoin mining profitable 2018 today?

In April 2018, several bitcoin miners were at the risk of facing a shakeout and chances of profitability were low. It is suggested that you put your money on equipment, storage, and cooling. You cannot profitably mine with a PC and

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Is bitcoin mining profitable 2019 today?

So, to answer the question, “Is mining Bitcoin still profitable in 2019?” The answer is probably not, but then again, it could be. It all comes down to determining each factor and calculating, as well as weighing both costs and profits.

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Is bitcoin mining profitable 2020 today?

Bitcoin mining began as a well paid hobby for early adopters who had the chance to earn 50 BTC every 10 minutes, mining from their bedrooms. Successfully mining just one Bitcoin block, and holding onto it since 2010 would mean you have $450,000 worth of bitcoin in your wallet in 2020.

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Is bitcoin mining profitable again today?

No, and in the case of Bitcoin, it almost never was. Unless you were one of the very first people to mine Bitcoin, CPU mining has never been profitable. There was a time where one could profitably mine Bitcoin with GPUs, but again…today, you really must have an ASIC and a deal with a power company to make any money mining Bitcoin in 2020.

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Is bitcoin mining profitable reddit today?

Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics.

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Is bitcoin mining still profitable today?

Bitcoin mining began as a well paid hobby for early adopters who had the chance to earn 50 BTC every 10 minutes, mining from their bedrooms. Successfully mining just one Bitcoin block, and holding onto it since 2010 would mean you have $450,000 worth of bitcoin in your wallet in 2020.

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Is mining bitcoin still profitable today?

Mining bitcoin is still very profitable in 2021. After all, bitcoin has a solid foundation with many long-term investors and bitcoin miners reaping the benefits of bitcoin many times over. However, what keeps bitcoin so popular, making it so well-known and profitable? Here are a few factors affecting the recent and long-term benefits of bitcoin:

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Is mining for bitcoin profitable today?

No, and in the case of Bitcoin, it almost never was. Unless you were one of the very first people to mine Bitcoin, CPU mining has never been profitable. There was a time where one could profitably mine Bitcoin with GPUs, but again…today, you really must have an ASIC and a deal with a power company to make any money mining Bitcoin in 2020.

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Where is mining bitcoin profitable today?

Unless you were one of the very first people to mine Bitcoin, CPU mining has never been profitable. There was a time where one could profitably mine Bitcoin with GPUs, but again…today, you really must have an ASIC and a deal with a power company to make any money mining Bitcoin in 2020. Final Thoughts. The average home miner is unlikely to recoup the cost of mining hardware and electricity. Profiting on your own is highly unlikely. The situation may improve in the future once ASIC mining ...

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How to start mining bitcoin gold profitable?

Software. To start Bitcoin Gold mining, you will need three pieces of software, possibly a fourth too. First, you should open an account in a cryptocurrency exchange you trust. After you mine Bitcoin Gold, you will need an exchange to turn it into fiat currency (or real money for us plebs).

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Should you be mining bitcoin gold profitable?

No, and in the case of Bitcoin, it almost never was. Unless you were one of the very first people to mine Bitcoin, CPU mining has never been profitable. There was a time where one could profitably mine Bitcoin with GPUs, but again…today, you really must have an ASIC and a deal with a power company to make any money mining Bitcoin in 2020.

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What is testnet mining bitcoin gold profitable?

Launched: Testnet v3. The team has recently finished a testnet reset for the Bitcoin Gold ecosystem and has stood up a few new resources that are useful to developers. A testnet is critical for developers to be able to freely experiment and trial their ideas without having to put real BTG on the mainnet at risk.

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How can bitcoin mining be profitable today?

First of all, Bitcoin mining has a lot of variables. This is why buying bitcoin on an exchange can be a simpler way to make a profit. However, when done efficiently it is possible to end up with more bitcoin from mining than from simply hodling. One of the most important variables for miners is the price of Bitcoin itself.

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Is bitcoin mining profitable 2019 reddit today?

Altcoin mining is marginally profitable depending on electricity costs but your ROI on hardware will be long. You can convert to BTC if you're specifically after bitcoin. If you're wanting to mine bitcoin directly then no, not at all profitable.

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Is bitcoin mining profitable in 2017 today?

So is Bitcoin Mining Profitable? My guess is that in the long run you could make a profit from Bitcoin mining but only if you invest a considerable amount of money in a good mining rig (e.g. Antminer s9) or take your time to “hack” through making a profit with CEX.IO. I’d currently stay away from Altcoins but that’s my own personal opinion.

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Is bitcoin mining profitable in 2019 today?

Today, almost 18 million Bitcoins have already been mined and there’s only around 3 million left to go. However, the question remains as to whether or not mining Bitcoin is still profitable today as it was years back. That depends on a lot more factors than just the Bitcoin price, unfortunately.

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Is bitcoin mining profitable in california today?

No, and in the case of Bitcoin, it almost never was. Unless you were one of the very first people to mine Bitcoin, CPU mining has never been profitable. There was a time where one could profitably mine Bitcoin with GPUs, but again…today, you really must have an ASIC and a deal with a power company to make any money mining Bitcoin in 2020.

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Is bitcoin mining still profitable 2017 today?

No. N/A. 0.1232. “It depends on how much you’re willing to spend”, the answer would be as simple as that. Seeing that Bitcoin Mining profitability relies on many different factors, each person asking himself this will get a slightly different answer. “Mining profitability calculators” were innovated so as to find out Bitcoin mining profitability ...

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