Bitcoin mining began as a well paid hobby for early adopters who had the chance to earn 50 BTC every 10 minutes, mining from their bedrooms. Successfully mining just one Bitcoin block, and holding onto it since 2010 would mean you have $450,000 worth of bitcoin in your wallet in 2020. A first-of-its kind service wants to play matchmaker between big-scale mining facilities and individual miners looking for a hosting setup. Bitcoin mining company HASHR8 just launched its Compass ... Bitcoin mining is an interesting way of trying to make a few Bitcoin tokens on the side, but it also serves a very important purpose in maintaining and keeping the Bitcoin blockchain secure. Unlike regular fiat currencies (such as US dollars or euros), Bitcoin assets are not controlled by a central government or bank, and new Bitcoin (BTC) cannot be printed and issued like paper money. Instead ... According to Calendar Profit, a research-driven social media platform, Bitcoin is in an extremely strong position, showing a near 98% profitability for long-term investors since its launch in 2013. As of today (2020-08-19) buying bitcoin has been profitable for 97.6% of all days since 2013-04-28. Mining will never not be profitable. That's like saying what happens when selling shoes is not profitable anymore. That's like saying what happens when selling shoes is not profitable anymore. The miners with higher costs will exit the industry, and those with lower costs will find a profit-point as miners exit.
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