Is Bitcoin Mining Profitable in 2014?

Before we start, if you’re new to Bitcoin mining and don’t know what it is watch this short and simple explanation:

http://99bitcoins.wistia.com/medias/0jq2pcp909?embedType=iframe&videoFoam=true&videoWidth=640

Is Bitcoin Mining Profitable in 2014?

The short answer would be “It depends on how much you’re willing to spend”. Each person asking himself this will get a slightly different answer since Bitcoin Mining profitability depends on many different factors. In order to find out Bitcoin mining profitability for different factors “mining profitability calculators” were invented.

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