Is Mining BTC Even Worth It?

[Jennifer000]

I plan to purchase a gaming desktop with a hash rate of 114.5 MH/s.
I thought of mining BTC since I have it.

https://postimg.cc/06244j6P

When I searched on Google for "How much can I make with 114.5 MH/s mining BTC?", I found that the earnings could range from a few cents to $3.68 per day.
https://postimg.cc/PN42gTjq

After researching, I discovered that with 114.MH/s in a mining pool, one can earn anywhere from a few cents to $1.76 per day.
https://postimg.cc/JHnZVwNy


QUESTIONS
1. Is mining BTC even worth it? (Maybe I'm missing something.)
Even if I could earn $3.68 per day, that would only amount to $1,340 per year. Therefore, it would take six years to break even. One of my gaming PCs broke down after only three years of use, and I only used it for several hours a day. Fortunately, I purchased an extended warranty, so it didn't cost anything to fix it.
After 5 years of use, my last gaming PC broke down. Unfortunately, it was past the 3-year warranty.
Can you imagine how quickly it would break if I used it 24/7?

2.  Why use a mining pool if it only gives you half the profit and requires constant use?

There are many YouTube videos that claim you can earn money using your own computer.
Crypto Mine With Your Gaming PC-NiceHash 2021 Tutorial
https://www.youtube.com/watch?v=vpEqexTrQ5g

How to MINE Bitcoin with your PC or Laptop! Earn $5-60+ PER DAY!
https://www.youtube.com/watch?v=wSz3tIO3kZo

Etc.

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[NotFuzzyWarm]

Bitcoin has not been able to be mined by CPU/GPU's since 2013...
Please read the stickied post at the top of this area...
Specifically point-3

[philipma1957]

btc is indirectly mineable via nicehash.

technical method you are doing is pointing a gpu at nicehash to an alt coin. a renter uses it . to mine.

the fee you get is btc.

so it is more of a service then straight mining.


You are not going to get 100mhs for kawpow.

If you understand what you are doing and have a good pc clock it properly and mine while you sleep you may earn some btc indirectly via nicehash and it may make money.

I am doing some gpu mining at home. my power costs are 14 cents in the winter.

So I turn a small profit and I get heat.

The subject is better discussed  at this link in a different section.


https://bitcointalk.org/index.php?topic=5477495.0

[BitMaxz]

That video was published in the year 2021 today is 2024 mining with GPU with Bitcoin might be possible but most pools only accept hash rates with 1gh above hashrates below 1GH are most likely to be rejected by pools so it's not worth mining with GPU even mining altcoins is not profitable and it is also depends in your current electricity rate.

Bitcoin is worth mining with ASIC units check this link below to find which ASIC unit is profitable to mine BTC don't forget to use term "sha 256" to sort all ASIC units that can mine Bitcoin and then enter your current power cost.

- https://whattomine.com/miners

[Jennifer000]

That video was published in the year 2021 today is 2024 mining with GPU with Bitcoin might be possible but most pools only accept hash rates with 1gh above hashrates below 1GH are most likely to be rejected by pools so it's not worth mining with GPU even mining altcoins is not profitable and it is also depends in your current electricity rate.

Bitcoin is worth mining with ASIC units check this link below to find which ASIC unit is profitable to mine BTC don't forget to use term "sha 256" to sort all ASIC units that can mine Bitcoin and then enter your current power cost.

- https://whattomine.com/miners

That's quite impressive!
I live in southern California and the city I live in charges around 20 cents per kilowatt hour. But even with that, the profit is outstanding!
Why doesn't everyone buy one of those units?

[karenbilllianwyate]

such a rough time