Can I Make Money Bitcoin Mining with an Average Gaming Computer?
I literally know nothing about Bitcoin. I just joined Reddit today and thought this thread was interesting. Can someone take a minute to tell me about whether mining is a legit way to make money? How much can I make within a month? If I invest in more computing power, can I significantly increase my monthly earning power?
After setting up the Bitcoin mining rig and installing a Bitcoin mining software, find a good hash and it can immediately earn $42, which is already a lot of money. If this amount is multiplied by 30, the monthly earnings from Bitcoin mining would be $1,260. If this continues, the annual profit from Bitcoin mining would be $15,120. However, there is a way to make money mining Bitcoin without moving to China to set up a mining farm. With the recent drop in Bitcoin price from the $11,000-handlle to the lower $ 8,000’s, many mining companies are going broke that bought equipment at prices above the $10,000-handle. For this reason, China is by far the largest Bitcoin mining country (mining over 60% of Bitcoin), followed by Georgia, Sweden and the US. Bitcoin Trading. There is huge potential to make money on trading in Bitcoin, but it takes a level of expertise and knowledge about the market in the same way that trading on any other financial market does. 1. Two main ways to make money: There are two ways to make money with crypto. Quantity. The first is by maximising how much of the currency you end up with. For example, you spend $8,000 on a miner and in 12 months it mines $20,000 worth of your chosen cryptocurrency. Minus the $8,000 in costs, you net $12,000 or 1.5x your initial investment. One of the biggest challenges to determining precise Bitcoin mining profitability is a mining operation’s geographic location. Places that have high electric costs and warmer environments can make it much harder to achieve a solid ROI. Locations with cheaper electric costs and cooler environments at least make profitability a possibility.
BITCOIN MINING - Gmod DarkRP How To Make Money! - YouTube
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