"The days where anyone could make money mining Bitcoin with a desktop computer or GPU cards are unfortunately long gone. The total computing (or “hashing”) power of the network has risen exponentially since the introduction of application-specific integrated circuits (ASICs), or machines designed specifically to solve Bitcoin’s mining proof-of-work algorithm and nothing else."
Is bitcoin mining really profitable to the average man?
For those average men who own ASIC miners yes. believe with what China has done is make bitcoin mining achievable for the average man. If they had held off the antminers they would likely have own much more of the bitcoin blockchain. Instead they were wise to not only beat out most competition but have a legion of followers buying their products.
As an average man where can I go find a 19TH/s sha-256 for less than $2k other than bitmain. Many of us do not have the capital to create a mining farm but bitmain give us something to compete with those farms.
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Well said, I'm in the same boat
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