Mining


Larry Andrews asked 1 year ago

Keeping in mind the equipment in today’s marketplace and any advertised upcoming mining equipment, at today’s BTC value is it possible any more to actually generate a profit mining Bitcoins?

1 Answers
Ofir Beigel answered 1 year ago

Hey Larry,
I actually get asked this quite a lot, that’s why I wrote a dedicated post for this matter.
The short answer – it’s possible but risky and unlikely. You’ll need to invest a few thousand dollars in mining equipment and you’re basically at the mercy of Bitcoin’s price changes and mining difficulty changes.

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