mine Monero instead. Question Is it worthwhile now to invest on Bitcoin? The option was therefore removed from the core Bitcoin client's user interface. However, considering the miner costs between 15, it would still take you at least 7 to 10 years at that rate to start turning a profit, at the Bitcoin price of 4000. 15 Community Q A Search Add New Question Question Is it advisable to mine with android applications? Question Do I need to connect the hardware to the computer, and is it worth the time and effort? Did this article help you?
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Today, in order to be profitable with Bitcoin mining you need to invest heavily in equipment, cooling and storage. For example, as of 2019, Genesis offers a 2-year Bitcoin mining contract for 50, which gets you 1 TH/s (1 Tera hash per second, or 1,000,000,000,000 hashes per second). Mining services (Cloud mining) Mining contractors provide mining services with performance specified by contract, often referred to as a "Mining Contract." They may, for example, rent out a specific level of mining capacity for a set price at a specific duration. Question What happens with power failure? Question What is a bitcoin mining contract? Two of the most popular are CGminer and BFGminer.
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