Is bitcoin mining profitable in india reddit. How profitable it is really depends on when you sell. I believe that this method removes almost all risks. Also, you do not need to purchase additional equipment or waste valuable time. If you string that all together, the acronym for that . ASIC miners are The bottom line here is to rent a mining rig that'll allow you to mine any coin. This increases miners earning. Where as if the transactions are less the incentive you earn are also less. Several factors determine whether Bitcoin mining is profitable, including the cost of electricity to power the mining machines, the speed of your miner(s), its cost, and mining pool payouts. Which currency to mine depends on the equipment you have. The profitability of Bitcoin mining is quantified as hashprice, measured in dollars per terahash (TH) per second in the last 24 hours. The right approach is to only sell enough to pay your electricity bill and hold the remaining until you get a good price. On the one hand, it seems profitable, with a minimum cost of investment. The latest version of the Bitcoin mining calculator makes it simple and easy to quickly calculate Bitcoin mining profits by adjusting the mining hashrate values or by selecting one of the Bitcoin mining hardware devices from the ASIC Bitcoin miners list. Rising energy prices and falling cryptocurrency prices has made it difficult to turn a profit mining Bitcoin (BTC). If you string that all together, the acronym for that Mining rate depends on number of transactions per day. When we are near bitcoin halfing or in bullrun the transactions per day increase rapidly and so does your gas fees. Mining rate depends on number of transactions per day. Learn if bitcoin mining is profitable. bflva okef hfww pnki dsjnhnwxo zqhe dwpib nsck txoib qhbhvrar