86thumbs
  • Communities
  • Create Post
  • heart
    Support Lemmy
  • search
    Search
  • Login
  • Sign Up
Hirom@beehaw.org to Technology@beehaw.org · 8 days ago

Bitcoin mining is no longer profitable

www.pcworld.com

external-link
message-square
74
fedilink
186
external-link

Bitcoin mining is no longer profitable

www.pcworld.com

Hirom@beehaw.org to Technology@beehaw.org · 8 days ago
message-square
74
fedilink
Reports indicate that mining a single Bitcoin now costs far more in electricity than it's worth, even at sky-high prices.
  • kittenroar@beehaw.org
    link
    fedilink
    English
    arrow-up
    4
    ·
    7 days ago

    True, but the outlay of cost for the hardware was higher than the value of Bitcoin you would receive.

    • MDCCCLV@lemmy.ca
      link
      fedilink
      English
      arrow-up
      1
      ·
      6 days ago

      In theory if you didn’t have heating you could get a cheap used machine and run it and the revenue might cover the cost of heating and you get a free to run space heater.

    • Boomkop3@reddthat.com
      link
      fedilink
      arrow-up
      3
      ·
      7 days ago

      The power bill is more of a concern. Eventually it’ll pay itself back

      • vrighter@discuss.tchncs.de
        link
        fedilink
        arrow-up
        1
        ·
        7 days ago

        it has to pay for itself faster than it becomes unprofitale. Which is never, now

        • Boomkop3@reddthat.com
          link
          fedilink
          arrow-up
          1
          ·
          7 days ago

          I know, not the point

      • DragonTypeWyvern@midwest.social
        link
        fedilink
        arrow-up
        1
        ·
        7 days ago

        Go for that moonshot bro, your creditors will be happy to wait I’m sure.

        • Boomkop3@reddthat.com
          link
          fedilink
          arrow-up
          2
          ·
          7 days ago

          Just clarifying the idea. I don’t support crime by holding up such networks

Technology@beehaw.org

technology@beehaw.org

remote_follow_modal_title

Create a post
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !technology@beehaw.org

A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.

Subcommunities on Beehaw:

  • Free and Open Source Software
  • Programming
  • Operating Systems

This community’s icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

community_visibility: public
globe

public_blurb

  • 126 users / day
  • 1.36K users / week
  • 3.16K users / month
  • 7.7K users / 6 months
  • number_of_local_subscribers
  • 38.6K subscribers
  • 3.94K Posts
  • 77.9K Comments
  • Modlog
  • mods:
  • alyaza [they/she]@beehaw.org
  • TheRtRevKaiser@beehaw.org
  • gyrfalcon@beehaw.org
  • rs5th@beehaw.org
  • coldredlight@beehaw.org
  • Leigh@beehaw.org
  • TheRtRevKaiser@kbin.social
  • Chris Remington@beehaw.org
  • UI: unknown version
  • BE: 0.19.5
  • Modlog
  • Instances
  • Docs
  • Code
  • join-lemmy.org