Topic: Mining Bitcoin BTC & Bitcoin Cash at Home is NOT PROFITABLE | Network Difficulty (Read 191 times)

Unfortunately, you will only spend your time and the power of your farm.
Better look at other coins, which can still give you income, which you can convert to bitcoin.

Mining BTC is an industrial game by now, there is no way for you to make a profit by mining BTC without a steep discount of electricity rate.

This means that mining hardware companies have already manufactured much more efficient ASICs then what's available in the market.
Thus, more efficiency and ridiculously low electricity prices will improve the profitability for the group who are running such an operation which will lead to more centralization of the hash rate as the majority have already given up on home mining because of infeasibility.

Mining Bitcoin at home is no longer profitable, the Bitcoin mining network difficulty is rising much faster than the Bitcoin price. Lets review Bitcoin Mining in 2019 going into 2020, along with the best Bitcoin miners and current Bitcoin mining profitability!
This also directly applies to Bitcoin Cash and Bitcoin SV, which is why its in the Mining Altcoins section of the bitcointalk forum.

https://www.youtube.com/watch?v=V1MlGltcK18


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Sure, you can still mine Bitcoin at home, which is on the sha-256 mining algorithm, however, is it worth it to mine Bitcoin? Mining Bitcoin is an invaluable learning experience, and simply a blast to learn how to set up a miner and passively earn Bitcoin through mining. Unfortunately, as Bitcoin continues to grow and evolve, there are a lot of professional-grade Bitcoin mining farms with full-time staff. Competing with million dollar Bitcoin mining operations from your residential basement will be very difficult, the Bitcoin network hashrate and difficulty are also outpacing the current Bitcoin BTC price. Bitmain Antminer, Innosilicon, and MicrobBT Whatsminer have released their next generation of Bitcoin BTC sha-256 miners which are rendering the previous generation of Bitcoin miners obsolete, most notably the Bitmain Antminer S9.

Links!
Bitcoin network difficulty and price - http://voskco.in/8iwk
Bitcoin network hashrate sees big drop 2019 - http://voskco.in/XmNl
Crypto Mining Tools BTC mining profit calc. - http://voskco.in/488L

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