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I haven't been following crypto for a while, but I thought that there weren't really any cryptocurrencies that were profitable to mine anymore. Has something ch
by alexstore06 3y ago
I haven't been following crypto for a while, but I thought that there weren't really any cryptocurrencies that were profitable to mine anymore. Has something changed, or did I miss something?
- hipadev23 3y agoIt’s profitable when the state subsidizes your electricity.
- miguelazo 3y agoSome people also don't do math well, or fall for sunk cost motivations. For example, they've already spent a bunch of money on equipment. I know someone who justified it to himself by claiming that the heat output in his house during the Winter reduced his heating bill, so the losses weren't as bad.
- Obscurity4340 3y agoWhat was the bottom line or net result in financial terms?
- miguelazo 3y agoLosing at least a couple hundred dollars a month. Varied based on season.
- miguelazo 3y agoBitcoin has had a nice boost over the past week, since our useless regulators are on the verge of approving a Blackrock ETF for it.
- belltaco 3y agoThat's true only for GPU based mining setups, Ethereum going Proof of Stake destroyed profitability. The ASIC based setups mining bitcoin are still profitable.