I started having an interest in mining some years back but that's for Ethereum mining and now that I am ready Ethereum is no longer a proof of work coin, so I have only bitcoin left, I want to know if it is still possible to start mining Bitcoin for someone like myself? I have some challenges blocking my way.
1. I heard that Asic miners like s19 are not capable anymore, not very profitable I meant, buying such right now won't bring better profit after the halving and even in a bull market.
2. I was told that to stay ahead of the game when others will be probably selling their s19 it's better to go for the best top asic miners, which Asic miner is the number 1 now?
3. For someone from a country with unstable grid power can we still mine Bitcoin and still be in profit?
My last question, is this the right time to buy Asic miner or when the bull market beginnings? Which way will you prefer and why?
I am assuming that you have a good space for your mining machines...it must be a well ventilated and spacious room due to the heat and noise that comes from the miners. Living in a country where electricity supply is not stable which is what I believe you meant to say in your third question can be a snap and also be discouraging. But, electricity from the government is not the only way to power your Asic miner. You can generate your power using other sources like solar. If you calculate the cost of installing it and what you may have to pay the government monthly or yearly on electricity bills, you will see that it is worth the investment especially if you plan on doing this for the long-term.