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Bitcoin Mining Unprofitability Calculator

• jkbit 8y ago
  Bitmain wins and everybody loses.
• rossdavidh 8y ago
  So, since I'm pretty much totally uninvolved with Bitcoin, let's see if I understand this. The graphic is meant to suggest that, with current trends, energy costs, etc., bitcoin mining will become unprofitable in the first half of 2019? Or am I misunderstanding what I'm seeing?
  • jkbit 8y ago
    that is correct, based on current price of bitcoin. but, if you change the parameters e.g., electric cost input, price of hardware, efficiency of gear -- profitability is attainable, just difficult based on actual retail prices of gear and current hashrate.
  • wmf 8y ago
    This calculator is a little confusing, but it looks like it shows that mining is currently unprofitable (revenue is lower than costs) and will never be profitable. Bitcoin mining with retail hardware and retail electricity has almost never been profitable since ASICs came out.