Is Bitcoin BTC Mining Still Worth It
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As common as it is in Bitcoin Mining. Is mining still worth it? The hashrate is the rate at which your miner will mine Bitcoins. “Probably one of the most common first questions asked by anyone discovering the crypto mining world is whether “mining Bitcoin is still worth it” right now. For anyone considering mining, either because they are interested in the concept or to make some extra income bitcoin mining profitability in 2018 is a valid concern.
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So, Bitcoin's price doesn't automatically change the price of a mining rig. If you're converting from Bitcoin to USD, you could argue the opposite is true (one Bitcoin gets you two Antminers today with some change left over). What happened recently was we saw a huge spike in the price, and not enough rigs to meet demand. That's why they're all on backorder. Mining is a fun hobby and can be profitable, based on your time horizon, setup and electricity rate. Profitability varies greatly on a number of factors, many of which we have to estimate into the future, so there's always going to be some risk involved.
Check out some of the mining calculators and mess around with the numbers to see what different possible scenarios look like. What happens if Bitcoin goes down 50%?
What happens if Bitcoin's difficulty goes up 40%? That kind of thing.