Is mining profitable? How much does Bitcoin mining make in a day?

Updated on technology 2024-06-25
13 answers
  1. Anonymous users2024-02-12

    Except for some objective factors, such as policy suppression, mining is indeed profitable. Compared to going to the secondary market.

    The cost of buying and mining coins is lower and it is not easy to chase up and down caused by human operation.

    Reduces the risk associated with frequent operations.

    In addition, mining is actually a 30% to 40% investment method for 3-5 years. Generally speaking, mining is about a year to return to the capital (under the condition that the currency price remains the same), and the remaining years are equivalent to getting free bitcoins.

    Excluding the cost of electricity, everything else is revenue. Under the condition that the currency price remains unchanged, the annualized average return can also be 30%-40%. Of course, because the price of the currency has been fluctuating, for example, the mining machine purchased recently is relatively cheap and the mining cost is low, so it is possible that this income will be higher.

    Therefore, if you enjoy this wave of mining dividends, seize the time to buy mining machines to enter, and if you don't know what kind of mining machines to buy, you can consult well-known mining companies, such as Shilian Mining, etc., to assist you in mining.

  2. Anonymous users2024-02-11

    Answer: First of all, mining to make money is certain and real, but ordinary miners, mining income is less, and some big miners have relatively higher income, but mining can indeed make money.

  3. Anonymous users2024-02-10

    Now it is no longer profitable, the state now controls the mining business, and now the mining computer consumes too much electricity, and the cost has also increased.

  4. Anonymous users2024-02-09

    Now the difficulty of mining is getting more and more difficult, but now everyone is digging together, digging in the mining pool, you can mine coins every day, probably can dig about it, according to the current currency price if there is cheap electricity, it is still very good.

  5. Anonymous users2024-02-08

    You can only earn the principal financial interest on the electricity bill and the investment amount of the mining machine! Anyway, mining is getting harder and harder?!!

  6. Anonymous users2024-02-07

    Binaural in-ear, binaural over-the-head, binaural back-mount.

  7. Anonymous users2024-02-06

    Billionaire Ah, pass by!! How come we don't have a venture capital vision that ?? I bought 100 yuan of bitcoin at the beginning, but now I don't work part-time!

    I know there is a possibility of deception!! But I bought 100 hitcoins for one dollar, and I bought them for 2,000 yuan, and I said in case I became a multimillionaire!! I have the opportunity to become a multimillionaire in this life!!

    If you can't change it, you should buy wine for **.

  8. Anonymous users2024-02-05

    There is no fixed value for how much money can be earned in a day of mining, and there is basically an income of a few to a dozen yuan a day. Large bitcoin mining farms, they have high computing power, and of course their income is higher.

    There is no fixed value for how much money can be earned in a day of mining, and there is basically an income of a few to a dozen yuan a day. Because it depends on whether your computer can calculate the relevant formulas after running and get bitcoin or other virtual currencies, the higher the computing power of the computer, the higher the income.

    You also need to exclude your costs here, such as the money of the mining machine, which is about two or three thousand for a mining machine. While performing a large number of bitcoin operations, it also consumes a lot of electricity. When these mining machines dissipate heat, they also consume a lot of electrical energy.

    So here you have to subtract the investment of your bitcoin mining machine, and also exclude the electricity bill, and the rest is how much money you can earn.

    In addition, how much money you can make a day in bitcoin mining depends on how much you invest, compared to large bitcoin mining farms, they have high computing power, and of course higher income, but there are equal maintenance fees, site fees and management fees. So how much money you can earn a day from Bitcoin mining also depends on how much you invest upfront.

    Mining

    Mining is the process of using computer hardware to calculate the location of bitcoins and obtain them. Mining involves confirming virtual currency transactions, running complex calculations that miners use to perform on their computers and then receive virtual currency rewards. On September 24, 2021, 11 departments including the state issued the "Notice on Rectifying Virtual Currency "Mining" Activities".

    It is strictly forbidden to add new virtual currency "mining" projects, and accelerate the orderly withdrawal of existing projects. At the same time, virtual currency "mining" activities are also listed as an elimination industry.

  9. Anonymous users2024-02-04

    Bitcoin is made up of users (who control their wallets with keys), transactions (transactions are broadcast to the entire Bitcoin network), and miners (a blockchain that generates consensus at each node through competitive computation, a distributed public authority ledger that contains all transactions that occur on the Bitcoin network).

    Bitcoin miners manage the Bitcoin network by solving the proof-of-work problem with a certain amount of work—confirming transactions and preventing double-spending. Since hashing is irreversible, it is very difficult to find random adjustments that match the required number and requires a constant process of trial and error that can be predicted the total number of times. This is where the proof-of-work mechanism comes into play.

    When a node finds a solution that matches the requirements, it can broadcast its results to the whole network. Other nodes can then receive the newly solved chunk and check that it matches the rule. If other nodes calculate the hash value and find that the requirement (the computing target required by Bitcoin) is indeed met, then the block is valid and the other nodes accept the block.

    Satoshi Nakamoto compares the generation of bitcoin by consuming the power and time of the CPU to a gold mine that consumes resources and injects ** into the economy. Bitcoin's mining and node software mainly initiates zero-knowledge proofs and verification transactions through peer-to-peer networks, digital signatures, and interactive proof systems.

    Each network node broadcasts transactions to the network, and after these broadcasts are verified by the miner (the computer on the network), the miner can use his own proof-of-work results to express the confirmation, and the confirmed transaction will be packaged into data blocks, which will be strung together to form a continuous chain of data blocks.

    Each Bitcoin node collects all unconfirmed transactions and aggregates them into a block of data, with the miner node appending a random adjustment and calculating the SHA256 hash of the previous block. The mining node keeps repeating the attempt until it finds a random adjustment that results in a hash value that is lower than a particular target.

    Mining difficulty. In order to maintain the rate at which chunks are generated at about one every ten minutes, the difficulty of generating new chunks is adjusted periodically.

    If the speed of data block generation is accelerated, then the mining difficulty will be increased; If chunks are slower, reduce the difficulty. After every 2016 blocks (about two weeks), the Bitcoin system will automatically recalculate the mining difficulty of the next 2016 blocks at the rate at which the blocks are generated in the most recent period.

    The difficulty basically dictates that the SHA-256 hash value of a valid block header should be less than a certain value, which means that the hash value must fall exactly within the target range to be valid, and the smaller the target range, the lower the chance of hitting. In other words, the higher the difficulty of mining.

    Due to the addition of ASIC computing equipment, the current mining difficulty has increased geometrically, and the current average annual difficulty growth is about 3%, making the mining work of ordinary individual miners extremely difficult.

  10. Anonymous users2024-02-03

    Answer: Hello, mining money is actually a proof-of-work mechanism. Now the most famous is Bitcoin, if the entire Bitcoin network now produces a block every 10 minutes, this block contains 25 bitcoins. Assuming that there are 1w people in the world who participate in mining, then in these 10 minutes, only 1 lucky winner will take the 25 bitcoins, and the others will receive nothing.

    As for the risk, there is nothing, it is still relatively preserved, and there is room for appreciation, but it is just time-consuming and laborious.

  11. Anonymous users2024-02-02

    With the continuous development of social economy, more and more friends like to invest in bitcoin mining, because many people think that mining can bring a lot of economic income to themselves, but many friends when they hear the word mining, it is still very vague, in fact, mining is a process of increasing bitcoin currency, which is what we are familiar with, many friends say mining, is to get a new bitcoin, because the market of bitcoin is very high, Therefore, mining is able to earn a certain amount of money.

    First of all, we understand that mining is a process to increase the bitcoin currency, while mining, it can also protect the relevant security issues of the bitcoin system, prevent fraudulent transactions, and thus prevent double payment, such things exist, due to the existence of mining behavior, so the name of absenteeism was born, the job of miners is mainly to provide computing power for the bitcoin network in exchange for bitcoin rewards related opportunities, in short, the process of mining coins is actually the process of issuing currency by banks, In addition to issuing coins, miners can also contract the tasks of packaging transactions and bookkeeping.

    And in addition, when miners verify each transaction, they will record the transaction in the general ledger, and after about ten minutes, a new block will be mined, and each transaction contained in the block will be added to the terminal door, the transaction will be confirmed, and the transaction transaction will be confirmed, and the new owner will be able to get new bitcoins in the transaction. In addition, miners will receive two kinds of rewards in the process of mining, one is to reward the creation of new blocks, so that the system can get bitcoins.

    To sum up, we can clearly see that Bitcoin is actually a behavior that rewards miners, of course, because the value of Bitcoin in the market is now very high, so it can earn a certain amount of money, but the investment in mining is very high, and ordinary people have no way to afford it, so it is not recommended to make such an act.

  12. Anonymous users2024-02-01

    Investing in mining is actually speculation. And this kind of investment is indeed very profitable, but it is also very easy to lose money, so it must be operated by professionals, **It is better not to try it easily.

  13. Anonymous users2024-01-31

    Investment mining is to invest in some mining companies, so that you can get a certain amount of dividends when you dig out the treasure, if there is a treasure in this matter, then you can make a lot of money, and generally will not make money.

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