Is it worth mining bitcoin in 2020?

The long answer… it’s complicated. Bitcoin mining began as a well paid hobby for early adopters who had the chance to earn 50 BTC every 10 minutes, mining from their bedrooms. Successfully mining just one Bitcoin block, and holding onto it since 2010 would mean you have $450,000 worth of bitcoin in your wallet in 2020 .

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How do miners solve a block?

To solve a block, miners modify non-transaction data in the current block such that their hash result begins with a certain number (according to the current Difficulty, covered below) of zeroes . If you manually modify the string until you get a 0… result, you’ll soon see why this is considered “Proof of Work!”

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Does crypto mining damage your CPU?

By checking these transactions, you are helping the network to make the currency more secure. But this mining can slow down your computer. And if someone is mining cryptocurrency on your computer without your permission then this can damage your computer . Cpu mining does not become profitable nowadays.

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