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Author Topic: You Can't Mine Bitcoin Profitably (Prove me wrong!)  (Read 940 times)
NotFuzzyWarm
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December 12, 2021, 01:09:54 AM
 #41

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I live where it gets cold in the winter, but hotter in the summer.
Um, that's how it works in most of the world...

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NapHappy (OP)
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December 12, 2021, 08:05:56 PM
 #42

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I live where it gets cold in the winter, but hotter in the summer.
Um, that's how it works in most of the world...

Ya don't say...
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December 21, 2021, 07:30:38 AM
 #43

You are thinking in hard way.

Forget about the USD price, you dont need it.

Simply consider that:
Cost of hardware + cost of electricity*time / BTC production

Considering:
- 150 EH/s of hashrate growing at 145 PH/s per day.
- 144 blocks per day.
- fee reward is not included.
- 6.25 BTC block subsidy.
- 100 TH/s, one miner.
- 3250 W power consuption.
- 8000 USD cost of hardware.

This give you a graph like this:
https://imgur.com/tsA90ya

*Where Y axis is Price in USD and X axis is days passed since start of mining

When this curve will be UP related to Bitcoin price, then mining will be profitable. You can take a better pic seeing this table

https://imgur.com/LSBI7T1

*Where x is days, X is USD price and B is the amount of BTC obtained at given X value.

As you could see, mining allow you to obtain BTC at a price below to 50k for almost 10 years.

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