Cloud mining contracts As seen in the graphic above, a 50-month contract for 9 terahashes per second currently costs $1,668 and is projected to result in a profit of 272.82% at a BTC price of $70,000 .
Read moreIs Bitcoin miner a virus?
What kind of malware is BitCoinMiner? BitCoinMiner is a generic name of cryptocurrency-mining viruses . On first glance, the name suggests that these viruses mine only Bitcoin cryptocurrency, however, cyber criminals also attempt to mine other cryptocurrencies, such as Monero, Ethereum, etc.
Read moreAre Bitcoin miners illegal?
You may want to look into local regulations where you live, but for now, bitcoin mining is legal in the U.S. and most other countries .
Read moreIs bitcoin mining legal in the US?
There are few, if any, jurisdictions in the U.S. where possession of cryptocurrency is illegal . Plattsburgh, New York, however, is likely the only city in the U.S. to impose a ban (temporary) on cryptocurrency mining. Also, the U.S. Marine Corps banned crypto mining apps from all government-issued mobile devices.
Read moreHow do Beginners mine bitcoins?
Bitcoin mining for beginners: A step-by-step tutorial on how to mine Bitcoins
Read moreHow much does it cost to start Bitcoin mining?
Computer equipment: The most cost-prohibitive aspect of Bitcoin mining involves the hardware. You’ll need a powerful computer that uses an enormous amount of electricity in order to successfully mine Bitcoin. It’s not uncommon for the hardware costs to run around $10,000 or more .
Read moreIs mining at home profitable?
Home-Based Crypto Mining Profitability With a normal PC, this could generate anywhere from less than a penny to around a dollar a day on the high end ($0.0001 – $1 USD) . If you’re a gamer with a fast GPU-powered PC, you could generate $1 – $10 a day, or maybe more.
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