Is the result of mined bitcoin at current prices that can cover the cost of minning itself, because I have a plan to mine bitcoin with my friend
Please give the following details to ascertain whether your mining operation will be profitable or not:
1. The cost of electricity in your country ($ per KWh)
2. The model and build of your mining rig
3. How many hours are you planning to run the rig every day (if it is not full-time)
4. How many of the coins are you planning to sell immediately, and how many are you planning to save for the future.
5. Which exchange are you going to use for selling the coins?
6. Are you planning solo mining, or are you planning to enroll in to any mining pool?