Speaking of electricity: Electricity Cost Electricity cost is probably the factor that has the most impact on mining profitability. However, there are numerous factors that affect mining profitability, and often times they are out of your control. 50 BTC per block may seem high, but it is important to consider the price of Bitcoin at that time was much less thant it is today.
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If you are looking to generate passive income by mining Bitcoin, it is possible, but you have to play bitcoin mining pool fees your cards right. Asics have caused Bitcoin's mining difficulty to skyrocket. If you are mining solo, the estimated expected Bitcoin earnings can vary greatly depending on your luck and stale/reject/orphan rate. Mining hardware is expensive! If you want to maximize your profitability, purchase the most efficient asic and mine where electricity is cheap. Of course, block rewards have a direct impact on your mining profitability, as does the value of BTC since the value of BTC is volatile, block rewards will vary. Group By: Difficulty Day Week Month, date, difficulty, revenue.
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