Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto currency Mining => Topic started by: sirexlangnaman on July 14, 2018, 03:33:00 PM
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Bitcoin prices continue to fluctuate. As a result, Bitcoin mining has seen dramatic sways in its profitability. The current hash rate of the BTC network has left people wondering, “is Bitcoin mining profitable in 2018?”
While the price of BTC is one of the major factors to be examined when considering entering the mining sector, you will also need to evaluate the effectiveness of the BTC mining hardware you use. Let’s take a moment to examine how Antminer is making Bitcoin mining profitable again.
The Mining Sector Continues to Grow
In the early days of BTC, anyone could mine for the crypto straight from their home PC. There was no need for special hardware, and a miner was awarded 50 BTC for their efforts. Early miners could receive 100s of BTC in less than a week. Today, this is not the case. The mining sector has seen increasing difficulty due to increased hashing power and, thanks to the development of specially designed mining chips, you will now need to make a sizable investment into hardware if you want to mine BTC with success.
Read more here: https://coincentral.com/how-antminer-is-making-bitcoin-mining-profitable-again/
Posted: July 07, 2018
By: David Hamilton