1. The competition for bitcoin mining is fierce.
How much bitcoin can you mine in a day
Thanks to the price of Bitcoin being down, miner prices dropped 70+% last year. The $4k miners above were over $13,000 in 2022! If history repeats itself, these same miners will likely be worth over $10k again once Bitcoin recovers. The price of bitcoin is $16,921.92. When choosing a cryptocurrency to mine, mining profitability is influenced by electricity cost, cryptocurrency price, block reward, and mining difficulty. Electricity cost matters due to the high energy demand of mining. The cryptocurrency price affects the value of the mining reward.
Why Bitcoin Mining Isn’t Worth It
How many bitcoin can you mine in a day
Your potential earnings from bitcoin mining aren’t guaranteed, but they are worth considering. The profitability of bitcoin is measured in dollars per terahash, or TH, per second. That means the amount of money generated by a mining computer that produces a trillion hashes per second. You can check the current bitcoin mining profitability online with a bitcoin mining calculator. Calculating Potential Profits From Crypto Mining ArticlesPodcastEducationResources