Check the mining section and you will also see how many people are selling their mining systems because they ended up losing a lot of cash and never had the return of their investments.
Exactly. Same goes for cloud mining. I know a lot of people who fell for a two years cloud mining plan which was worth it when BTC was at about 10k and now have to still pay it even when they are at a (massive) loss! 
Topic: The cost of mining Bitocoin as of April 2019 (Read 192 times)
Well, I think you don't need to know how much mining costs. Honestly, I wouldn't recommend you to wonder about it. Mining is becoming polluted and it is really hard to get in that industry. And, I would also like to focus at the point that we can actually use electrical energy in many other ways than mining.
Check the mining section and you will also see how many people are selling their mining systems because they ended up losing a lot of cash and never had the return of their investments.
Check the mining section and you will also see how many people are selling their mining systems because they ended up losing a lot of cash and never had the return of their investments.
Bitcoin price is independent from mining difficulty. Price won't go up just because more miners are hashing. Instead, miners are leaving / joining the network depending on BTC price and how profitable it is for them if they can pay their running costs from their mined Bitcoins. At a higher BTC price more miners will be able to join, if the price gets lower miners are leaving the network and stop mining.
Average cost for mining a BTC will normally always be a little bit below the Bitcoin price that miners will make at least a decent profit after expenses (maintenance / electricity), otherwise there is no need for them to do mining. And there won't be any miners mining at a loss obviously.
Keep in mind that the hardware has also a price to purchase and a limited lifetime. These costs need also to be covered if the miners won't end at a loss. Makes no sense for miners to get a profit of around 1 percent per month when the lifetime of the miners is only around 2 years.
Average cost for mining a BTC will normally always be a little bit below the Bitcoin price that miners will make at least a decent profit after expenses (maintenance / electricity), otherwise there is no need for them to do mining. And there won't be any miners mining at a loss obviously.
Keep in mind that the hardware has also a price to purchase and a limited lifetime. These costs need also to be covered if the miners won't end at a loss. Makes no sense for miners to get a profit of around 1 percent per month when the lifetime of the miners is only around 2 years.
Hello,
I was asking myself if the price of Bitcoin did not go up just to be in sync or above the current cost of mining of Bitcoin ?
I know the cost differs a lot depending on where you mine and what hardware you're using, but I ask about the average cost here.
I was asking myself if the price of Bitcoin did not go up just to be in sync or above the current cost of mining of Bitcoin ?
I know the cost differs a lot depending on where you mine and what hardware you're using, but I ask about the average cost here.
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