Why is mining not profitable?

The profitability of mining depends on the price of bitcoin, the price of electricity, and the hardware being used to mine . Household electricity costs are normally far too high to allow profitable mining. In order to make revenue streams smoother and more predictable, small miners will often join mining pools.

When choosing which machine to invest in, miners should think about the machine’s profitability and longevity. Profitability is determined by the machine’s price per TH, how many watts the machine uses per TH, and your hosting costs . Longevity is determined by the production quality of the machine.

Why Bitcoin Mining Exists As time goes on, mining Bitcoin becomes more difficult, as more miners compete for the next block reward. Today, mining Bitcoin as an individual is rarely profitable unless someone has access to extra low-cost electricity .