Is mining BTC at home now impossible for a regular Joe?

[midvoc]

Hey folks,

Just a quick question for opinions on whether it is possible to mine at home or do you need some insane dedicated miner nowadays to make a few cents?

Thanks and best regards.

[waser12]

I also wonder, is it possible to do mining without the farm, with an ordinary home computer, sitting at home?

[HeRetiK]

For Bitcoin mining you need specialized hardware, ie. ASICs. Not necessarily insane, but definitely dedicated hardware.

Many alt coins are still profitable to mine using GPUs, although even here in some cases you already need ASICs nowadays.

Unless you have a gaming PC, mining with an ordinary home computer will at most yield you your electricity bill, even with alts. Depending on your specs, most likely not even that.

[QuintLeo]

Try the Altcoin section, Bitcoin has been IMPOSSIBLE to mine effectively with a "regular computer" for several years now.

[atc1-REAL]

https://www.coinwarz.com/cryptocurrency

Check this to see how much you can make. Those values at the top are for ASICS and very high end PC components. Even if you're mining the most profitable altcoins today with an average PC, you'd be losing around 6-7 dollars a day.

[adzino]

Hey folks,

Just a quick question for opinions on whether it is possible to mine at home or do you need some insane dedicated miner nowadays to make a few cents?

Thanks and best regards.

You will have to buy expensive mining rigs. Lots of maintenance and work to do. Don't forget about electricity bill. If you are  living on a place where electricity is inexpensive you might give it a shot. Else don't even bother. All those maintenance cost and electricity fee will end up killing you and not worth trying.

[leowonderful]

Hey folks,

Just a quick question for opinions on whether it is possible to mine at home or do you need some insane dedicated miner nowadays to make a few cents?

Thanks and best regards.

You will have to buy expensive mining rigs. Lots of maintenance and work to do. Don't forget about electricity bill. If you are  living on a place where electricity is inexpensive you might give it a shot. Else don't even bother. All those maintenance cost and electricity fee will end up killing you and not worth trying.

Lol, no? This is the Bitcoin forum and all discussion should ideally be about Bitcoin miners. Bitcoin miners are plug and play and usually reliable to the point that you don't have to do much maintenance, and it should be common sense to first at least plug your electrical cost and hashrate into a mining calculator to get a rough approximation of profit. As a general rule of thumb, greater than $0.1/KwH don't mine(Bitcoin), less than $0.1/KwH it's fine to mine.

[philipma1957]

Bottom line is a person can Home mine if they have space in a garage.

I just started a you tube channel.

That shows how to soundproof a few Avalon 741 miners and run them in your garage.

You can make some money if you can use the heat,  I am in the state of New Jersey I will post a link


https://bitcointalk.org/index.php?topic=2245487.0

The two miners cost 1646 the two psus cost 234

1870 plus 130 to soundproof.

So 2k usd.

It will lower my heating bill from now until the late spring about 600.

I am hoping it earns 2200  in coins. So that totals 2800 - 2000 = 800

Power is about 180 a month so 1080 for six months. So 1080-800=280

So after six  months. I would have a loss of 200-300 most likely sell the gear for 1000

And net 700.

So 2000 becomes 2700 in only six months.

Which is a positive return of 35 percent in six months.

The average garage miner will max at 2 to 5 kwatt

I won't get rich but will earn money.

[rockie2000]

Yes, I think it is too late now for the average Joe to get into home bitcoin mining and earn a decent amount of money, unless he has free electricity  

But you can still give it a try and see, then it's more about learning rather than making serious profit.