Making bitcoin mining financially OK

[marykprice]

I have been thinking about setting up few rigs for bitcoin mining. Are there any tips or tricks for making it profitable?

[1714066960]

1714066960

[Steamtyme]

There are a lot of threads that cover this in many different forms. If you poke around you will find everything you need, from using the miners to supplement your heat in the winter, to the checklists you need to go through. Electricity costs, do you have the space, what hardware to buy (needs to be an Asic machine for BTC).

Dig around in the BTC threads use the search function, find a good mining profitability calculator online.

Good luck

[QuintLeo]

The one true "trick" to mining profiability is to be somewhere with VERY VERY LOW electric cost.

 If your electric cost is close to that of the Big Boys, you WILL be profitable as long as profitable mining exists on a coin.

[Idrisu]

I have been thinking about setting up few rigs for bitcoin mining. Are there any tips or tricks for making it profitable?

There are business preciple to follow in other to succeed in bitcoin and others coins mining. From what I have experienced and some that I have read online, one needs to put good electrical and electricity in place before making mining a profitable one. I have to closed my mining business I was not making profits and I was not making profits because the bills I do incure is too high. I think after getting maybe s10, you should caculate the utilities cost before established your farm.

[AngelSky]

I have been thinking about setting up few rigs for bitcoin mining. Are there any tips or tricks for making it profitable?

There are business preciple to follow in other to succeed in bitcoin and others coins mining. From what I have experienced and some that I have read online, one needs to put good electrical and electricity in place before making mining a profitable one. I have to closed my mining business I was not making profits and I was not making profits because the bills I do incure is too high. I think after getting maybe s10, you should caculate the utilities cost before established your farm.

Electricity is the secondary one in mining but however you need a power to process the mining but you should have good sets of GPU cards or ASIC hardware to mine the bitcoin or altcoins. If they miner can produce the high level of hash rate then your profit rate will be more than you expected.
If you go with the USB or cloud mining sites means to mine the bitcoins means we cannot find any profit since you use commercial electricity also. please look towards it.