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Can i just buy a really expensive bitcoin miner

Can i just buy a really expensive bitcoin miner

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It's not really profitable unless of that are one in when purchasing a miner for. Check out: Personal Finance Insider's.

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Here's the short answer: Bitcoin mining can be profitable if you invest in the right tools and join a bitcoin mining pool. That said, there are. Also worth noting, Iris, Bitfarms, and Cleanspark purchased these machines at competitive prices compared to Bitmain's other models, but that's. With varying scales, electricity costs, and network difficulties, buying ASIC miners could be very profitable � or just very costly.

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calendar_month 30.08.2020

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What Is Bitcoin? Some blockchains feature mining algorithms that have been designed to be CPU-mining friendly, including Bytecoin, Zcash , and Monero. It can be very expensive to set up a miner capable of competing with the rest of the network you've chosen, so it's best to join a mining pool and share the work and rewards with others. Claim your free preview tax report.