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Is bitcoin mining profitable?
1. BITCOIN PRICE
Cryptocurrency market fluctuates
I'll simplify it for you- the Bitcoin price had many ups
and downs in the past, for example dropping from
$1200 to $100 and then eventually hitting a $20000
price before falling down to it's current price of
$3600.
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ELECTRICITY PRICE
A huge factor in Bitcoin and cryptocurrency
mining
Since Bitcoin mining is electricity intensive, it's clear
that the electricity price itself can make a huge
difference alone.
HARDWARE PRICE
This one should be fairly clear
The less you pay for your mining hardware, the more
profitable your mining operation is going to be
IS BITCOIN
MINING
PROFITABLE?
Here's what you should consider: