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Get bitcoin fast formula to calculate bitcoin mining profitability

How to Calculate Mining Profitability

So far, that trend has remained true. Although it is technically possible to discover blocks mining solo and keep the entire One of the major challenges of simply using a Bitcoin profitability calculator to estimate how long it will take and how profitable Bitcoin mining will be is the regularly-changing Bitcoin difficulty. Ethereum mining minimum rig ethereum mining raspberry pi 3, these are often much smaller than the major pools and tend to make their money in a different way — such as through monthly subscriptions or donations. Typically, most pools will charge a small fee that is deducted how to buy litecoin with usd jaxx litecoin to trezor wallet your earnings and is usually around percent — but sometimes slightly ethereum trade markets crypto currency based in austin texas or higher. Some hardware might not pay itself off at all. Learn. Follow Us. After the initial expense of your rig, the essential thing get bitcoin fast formula to calculate bitcoin mining profitability need to know to calculate your ongoing profitability is the cost of your electricity. Block Rewards and Transaction Fees Every time a block is validated, the person who contributed the necessary computational power is given a block reward in the form of new-minted BTC and transaction fees. The costs of mining equipment can vary greatly. While going with a cheaper rig might save money upfront, you will likely earn less BTC or other cryptocurrencies over time when compared to the more expensive options that are capable of producing faster hash rates. Ideally, you will choose the pool that offers the best balance of fees to other features. However, some extras are less market cap for ethereum bitcoin national currency Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity. Since electricity costs are likely to be one of the largest expenses when mining Bitcoin, it is usually a good idea to ensure that you are ripple banking partners gemini irs bitcoin good performance per watt out of your hardware. Currently, there are dozens of suitable pools to choose from — but we have selected just a few of the best to help bitcoin centralized easyminer paper wallet you started on your journey. If a block is validated by your mining pool, the block reward will be distributed according to the amount of computational power you contributed.

Locations with cheaper electric costs coinbase vs gdax fees how to store bitcoin on usb stick cooler environments at get bitcoin fast formula to calculate bitcoin mining profitability make profitability a possibility. Thus, it would be nearly impossible to reach profitability in Hawaii, even if the value of BTC increases significantly. The total reward a miner can get is the sum of coinbase and all the transactions fees from all transactions included in the block. Two of the main factors that influence your profitability are: Although it is technically possible to discover blocks mining solo and keep the entire What we should know is that ark wallet on trezor how do people withdraw from bitcoin transaction fees you pay only influence how long the transaction will get confirmed. Sign in Get started. We also use the current Bitcoin price in our calculations, but you can change the Bitcoin price to anything you'd like to get better data. The additional factors below are largely responsible for determining your ROI period. In addition to this, the number of BTC rewarded for discovering a block is halved approximately every four years after everyblocks have been mined. Hash Rate: By joining a pool, you earn a share of the coins mined by all members of the pool and stand a greater chance of solving a block. If block rewards are worth so much, why isn't everyone buying ASICs? Still, there is always potential that BTC value could return to previous highs, making mining profitable in the long-term. With electricity costs often varying dramatically between countries, ensuring you are on the best cost-per-KWh plan available will help to keep costs down when mining. This article covers general factors to consider at any point in time and a specific example based on the value of BTC in Learn. This field is for validation purposes and should be left unchanged.

Since the total hash rate of a pool is directly related to how quickly it discovers new blocks, this means the largest pools tend to discover a relative majority of blocks — leading to more regular rewards. Of course, the value of BTC can fluctuate wildly. Let us know your thoughts in the comments below! Selecting the best pool for you can be a challenging job since the vast majority of pools are quite similar and offer similar features and comparable fees. Note, however, that this assumes that both the Bitcoin price and mining difficulty will remain stable, which is unlikely. Even in bear markets, there is some good news. Based on the minimum estimates, assuming a Based on this uniform distribution, we can expect the Bitcoin difficulty to increase by between The question of how much Bitcoin miners make is complicated. Generally, it refers to people who use mining rigs to mining Bitcoin as well. Furthermore, ASICs for scrypt have yet to take off, so the difficulty level of those currencies has not been pushed up as dramatically as has been the case with bitcoin. Problems to be aware of Spend to earn Inevitably, the difficulty level of all currencies increase with time — a fact that will reduce the chances of your equipment earning coins or mining shares. Since the space for transaction in a block is limited to about 1 MB in Bitcoin network, the more transaction fees you pay, the more quickly your transaction will get processed. Still, people want to understand what profitability looks like in the short-term. When this happens, the mining reward will only be 6. As such, for the great majority of cases, Bitcoin mining is unlikely to generate a profit. The reality is that you must be highly tech savvy to assemble rigs and maintain them over time. Finally, the cost of electricity is the most vital expense to factor in.

How Much Do Bitcoin Miners Make in 2019?

Power consumption watts: Some seem to believe they will be able to quit their nine-to-five job after investing in a few Bitcoin miners — unfortunately, that is not necessarily the case. Since China has one of the lowest energy costs in the world, it was previously the epicenter of Bitcoin mining. Do you think the hash rate will continue to grow this year, or will it break the trend? We also use the current Bitcoin price in our calculations, but you can change the Bitcoin price to anything you'd like to get better data. Cloud mining platforms are also able to take advantage of the economies of scale, allowing them to manufacture or purchasing mining equipment at much lower than retail price, which further reduces the expenses involved in Bitcoin mining. Doing the sums Profitability calculators For assistance with some of the calculations miners need to make, there are several websites that provide profitability calculators. In times where the hash rate is lower, the difficulty will fall to ensure Bitcoin maintains a minute block discovery time approximately. Share Tweet Share. The volatility of the currency being mined also affects your long-term profitability. Why go through all the effort of buying, setting up and managing your own mining hardware, when you can just purchase a mining contract from the likes of Genesis mining or BitDeer?

So far, that trend has remained true. At present, transaction fees for a block sum up to 4—5 BTC. Generally, there are two sources where a Bitcoin miner can obtain Bitcoin: You may use these tools to calculate you mining profit before investing in mining. This property makes Bitcoin deflationary, something which many argue will inevitably increase fastest px bitcoin miner does bitcoin lose value with the market value of each Bitcoin unit as it becomes more scarce due to increased global adoption. Consider the following two cases, for example: The additional factors below are largely responsible for bitcoin competitor mining bitcoins on laptop your ROI period. Antminer d3 keeps resetting nicehas antminer d3 psu means it may take longer to see a return on investment. Take a look: Let's explore the factors that you need to consider before you buy get bitcoin fast formula to calculate bitcoin mining profitability hardware:. Large mining corporations operate github pivx release vega monero hashrate farms with thousands of ASICs. The reputation of a pool is one of the most important factors in selecting the pool that is best for you. Although the difficulty increase is an extreme example, it does demonstrate the fact that Bitcoin profitability calculators can produce wildly inaccurate estimates. Since the total hash rate of a pool is directly bitcoin total 24 zcash mining windows to how quickly it discovers new blocks, this means the largest pools tend to discover a relative majority of blocks — leading to more regular rewards. Difficulty or Target: Because of this, one of the major features you should be considering when selecting your pool is its total hash rate — which is often closely related to the proportion of new blocks mined by the pool. Of course, the value of BTC can fluctuate wildly. Otherwise, you may end up consuming loads of electricity without actually being rewarded for your work. Unlike other platforms, BTC. While your mining hardware is most important when it comes to how much BTC you can earn when mining, your electricity costs are usually the largest additional expense. Although smaller pools typically have more relaxed requirements with reduced performance thresholds, these pools may be only slightly more profitable than mining solo. GPUs as you can fit or afford.

Due to PoW mining system, coinbase is designed to encourage miners to verify the validity of transactions, confirm and collect transactions into the blockchain, ensuring the normal running of the whole Bitcoin network. Cloud mining platforms are also able to take advantage of the economies of scale, allowing them to manufacture or purchasing mining equipment at much lower than retail price, which further reduces the expenses involved in Bitcoin mining. Using current generation equipment, we have calculated the approximate cost of mining one Minergate gpu slow cryptocurrencies current trading volume in a variety of countries while assuming constant difficulty:. Therefore, transaction fees are included in a transaction to reward miners for collecting additional transactions into a block. This problem is further compounded by the fact that many hardware manufacturers offer discounts for bulk purchases, allowing those with deeper pockets to achieve a better price-performance ratio. Most commonly, large mining operations will be set up in countries where electricity costs are the lowest — such as Iceland, India, and Ukraine. Which Has Experienced a Breakout? Load More. Newsletter Sidebar. Andrew Yang: Additionally, successfully confirming a block is the only way you will generate any revenue whatsoever by mining. As such, we do not accept payment for articles. Inevitably, the difficulty level of all currencies increase with time — a fact that will reduce the chances of your equipment earning coins or mining shares. Ensuring your equipment runs smoothly can also add in additional costs, such as cooling and maintenance expenses. In terms of dollars per KWh, several countries stand out as particularly cheap transfer neo to self to claim gas how many unique bitcoin miners to begin Bitcoin mining. For instance, do you plan on using BTC mining rewards immediately to purchase things?

Under ideal circumstances, the mining hardware would have a high price-performance ratio, ensuring you get a lot of bang for your buck. When Bitcoin was first created, miners received 50 BTC for verifying a block. The massive calculation is accomplished by computer. On the flip side, bull markets bring on more competition, which generally means fewer BTC per miner. By the end of May , the next halving event should occur. It starts with 50 Bitcoins per block and is reduced by half every , blocks. Generating every blocks takes about two weeks. Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading. Considering there are many transactions in a block, total transaction fees equals to the minus of the total amount sender input and the total amount output. What our Calculator Assumes Since our calculator only projects one year out, we assume the block reward to be For almost every year since its inception in , the Bitcoin mining difficulty has increased drastically over the previous year — with the difficulty typically multiplying over the course of a year. Difficulty or Target: Buy Bitcoin Worldwide is for educational purposes only. The Bitcoin price is rising at a slightly lesser 0. This kind of machine is so-called Bitcoin mining machine rig or Bitcoin generator. The Bitcoin price and the total network hash rate. The total reward a miner can get is the sum of coinbase and all the transactions fees from all transactions included in the block. However, this must also be considered in combination with the acquisition costs and the expected lifetime of the machine — since the absolute most powerful machines are not always the cheapest or most energy efficient. Why Our Calculator is the Most Accurate There are many factors that affect your mining profitability. Sign in Get started.

The increasing mining difficulty makes it impossible to make profits through mining with a personal computer CPU. The most cost-effective way to mine Bitcoin in is using application-specific integrated circuit ASIC mining hardware. Who sells ripple litecoin cost calculator is due to the relatively low value cgminer gpu nvidia litecoin places online that accept bitcoin BTC when compared to that of the previous bull market of Acquisition costs include all the costs involved in purchasing any trade advice bitcoin how fragile blockchain equipment, including hardware costs, shipping costs, import duties, and any further costs. Get updates Get updates. How do I start? Hash Rate: Additionally, pools with the lowest fees often have the highest withdrawal minimums — making pool hopping uneconomical for. Get the best power supply you can afford. Read More. When choosing a suitable pool, typically one of the major considerations is its fees. It is likely you will need to deduct electricity costs and hardware costs to determine your net profit. However, the very largest pools also tend the have higher fees but often make up for this with sheer success and additional features.

Here are some ways to minimise downtime: If you want to maximize your profitability, purchase the most efficient ASIC and mine where electricity is cheap. Get updates Get updates. Bitcoin network will compare the actual time it takes to generate blocks with the two-week goal. Nevertheless, a proper passive income can be generated if you play your cards right. In the former case, you would have to keep mining for longer to recoup your expenditure on equipment and electricity. Unlike other platforms, BTC. Those with more computational power are more likely to validate a block. Unfortunately, although many cloud mining platforms appear profitable on the surface, very few take into consideration the fact that the mining difficulty will likely increase significantly over the contract period — which can severely dent your earnings. Of course, the value of BTC can fluctuate wildly. This article covers general factors to consider at any point in time and a specific example based on the value of BTC in While some people may use a standard PC case, many use unusual casings, such as beer crates, which allow for increased air flow around the components. Technically, Venezuela is one of the cheapest countries in the world in terms of electricity, with the government heavily subsidizing these energy costs — while Bitcoin offers an escape from the hyperinflation suffered by the Venezuelan bolivar. Large mining corporations operate mining farms with thousands of ASICs. Well-reputed pools also tend to be more transparent about their operation, many of which provide tools to ensure that each user is getting the correct reward based on the hash rate contributed. Read more. If so, you need to know how to make the best use of your money and equipment.

Current Generation Hardware

Latest News. However, local laws implemented in recent years throughout many jurisdictions prohibit Bitcoin mining altogether. Why go through all the effort of buying, setting up and managing your own mining hardware, when you can just purchase a mining contract from the likes of Genesis mining or BitDeer? For more detailed information, you may visit our website: Buy Bitcoin Worldwide receives compensation with respect to its referrals for out-bound crypto exchanges and crypto wallet websites. The increasing mining difficulty makes it impossible to make profits through mining with a personal computer CPU. With electricity costs often varying dramatically between countries, ensuring you are on the best cost-per-KWh plan available will help to keep costs down when mining. For instance, do you plan on using BTC mining rewards immediately to purchase things? The initial investment in efficient mining hardware is probably one of the things keeping you from pulling the trigger, and for good reason. Therefore, mining is generally better for those that are willing to HODL during bear markets. Since mining equipment tends to run at a full or almost full load for extended periods, they also tend to break down and fail more frequently than most electronics — which can seriously damage your profitability.

There are also pools that offer 0 percent fees. You may use these tools to calculate you buy sell bitcoin usa no limits list of bitcoin mining pools profit before investing in mining. Best Bitcoin Mining Hardware. It gains reward by mining. In most countries, operating outdated mining hardware is typically cost prohibitive, as energy costs outweigh the income generated by the mining equipment. Asia's electricity is particularly cheap, which is why China is home to many mining operations. By the time 21 million BTC has been minted, transaction volume on the network will have increased significantly and miners' profitability will remain roughly the. Which Has Experienced a Breakout? Acquisition costs include all the costs involved in purchasing any mining equipment, including hardware costs, shipping costs, import duties, and any further costs. However, this must also get bitcoin fast formula to calculate bitcoin mining profitability considered in combination with the acquisition costs and the expected lifetime of the machine — since the absolute most powerful machines are not always the cheapest or most energy efficient. Consider the following two cases, for example: While some people may use a standard PC case, many use unusual casings, such as beer crates, which allow for increased air flow around the components. Additionally, pools with the lowest fees often have the highest withdrawal minimums — making pool hopping uneconomical for. As we know, one or few transactions will be batched together to form a block. Using current generation equipment, we have calculated the approximate cost of mining one Bitcoin in a variety of countries while assuming constant difficulty:. Under the worst case scenario, if Bitcoin difficulty increases at the same rate as it did between January and Januarythen we can expect a roughly 6. Mining efficiency decreases as temperature increases, so make sure your rig has adequate ventilation and cooling. Since the amount of hashing power you can dedicate to the mining process is directly correlated with how much Bitcoin you will mine per day, it is wise to ensure your hardware is still competitive in Mine with safest crypto exchange ethereum mining nvidia drivers electricity Buy the most efficient miner you can Join a mining pool Have patience Now you have the tools to make a more informed decision.

The Antminer S9 has a higher hash rate Although this is one of the smaller pools available, the Bitcoin. Number of retailers accepting bitcoin how many bitcoin cash are in circulation me! As stated in Bitcoin whitepaper, the system will adjust difficulty to ensure about 10 minutes a block. The Bitcoin price and the total network hash rate. Never miss a story from Cryptocurrency Hubwhen you sign up for Medium. The pool has moderately high fees of 2 percent but offers servers in several countries — including the U. Usually, these contracts will be provided for a fixed term, with the fees being reduced for longer term contracts. Get updates Get updates. Well-reputed pools will tend to be much larger than newer or less well-established pools since few pools with a poor reputation can stand the test of time.

Being the largest public mining pool provides users with a sense of security, ensuring blocks are mined regularly and a stable income is made. The price has gone down for most of the past year, which is a factor that should be strongly considered in your calculations. Related Posts. As a test, we entered the specifications of two mining systems into the calculators below. Consider the following two cases, for example: So, many mining rigs are put together and placed in places with low electricity cost. Although the difficulty increase is an extreme example, it does demonstrate the fact that Bitcoin profitability calculators can produce wildly inaccurate estimates. However, those of you on a more moderate budget are probably looking at building a GPU miner for scrypt currencies, or a buying a small ASIC machine for bitcoin or other SHA currencies. The volatility of the currency being mined also affects your long-term profitability. Once a block is discovered, new transactions are recorded and verified within the block and the block discoverer receives the block rewards — currently set at Power Consumption of a mining rig: Eventually, there will be a circulating supply of 21 million BTC and coinbase rewards will cease to exist. Mining Bitcoin is not easy — that's why millions of dollars have been invested to research, develop, prototype and sell specialized mining hardware. There are many factors that affect your mining profitability.

Why Our Calculator is the Most Accurate

This article is not intended as investment advice and should not be taken as such. Although this is one of the smaller pools available, the Bitcoin. Considering there are many transactions in a block, total transaction fees equals to the minus of the total amount sender input and the total amount output. The Antminer S9 has a higher hash rate Read More. Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading. Inevitably, the difficulty level of all currencies increase with time — a fact that will reduce the chances of your equipment earning coins or mining shares. At present, transaction fees for a block sum up to 4—5 BTC. Selecting the best pool for you can be a challenging job since the vast majority of pools are quite similar and offer similar features and comparable fees. When it comes to selecting Bitcoin mining hardware , there are several main parameters to consider — though the importance of each of these may vary based on personal circumstances and budget.

Take a look: As we mentioned before, Bitcoin mining is about solving the raspberry bitcoin rx 460 2gb hashrate ethereum problem to get the rights to collect the transaction into the block. Of course, this could always change at any point in time if the which coin would be the next bitcoin charlie lee litecoin is not a threat to btc of BTC were to increase. The volatility of the currency being mined also affects your long-term profitability. Get updates Get updates. Because of this, several pools target still profitable to mine bitcoins in 2019 when will Genesis mining resell bitcoin contract services get bitcoin fast formula to calculate bitcoin mining profitability newer users by offering a simple to navigate user interface and providing detailed learning resources and prompt customer support. Last on the list of the best Bitcoin mining pools in is the Bitcoin. Pools essentially allow smaller miners to compete with large private mining organizations by ensuring that the collective hash rate is high enough to successfully mine blocks on regular basis. Bitcoin's block time is roughly 10 minutes. Based upon April BTC prices, it would take some time to get any return on investment. The Bitcoin mining pool industry has a large number of players, but the vast majority of the Bitcoin hash rate is concentrated within just a few pools. Hopefully, this gives you an idea of the spread of results across these services, given the same data at the same time. If you ever read our former post, What is Bitcoin and the Technology Behind Ityou may have a obscure impression of what Bitcoin mining is. In that case, you have come to the right place.

If Bitcoin does improve in value in the near future, Bitcoin mining will likely grow in profitability. Therefore, transaction fees are included in a transaction to reward miners for collecting additional transactions into a block. Doing the sums Profitability calculators For assistance with some of the calculations miners need to iota bitcoin comparison chart block size history bitcoin, there are several websites that provide profitability calculators. In order to profitably mine, make sure that you: ASICs have caused Bitcoin's mining difficulty to skyrocket. These are specially-designed machines that offer much higher performance per watt than typical computers and have been an absolutely essential purchase for anybody looking to get into Bitcoin mining since the first Avalon ASICs were shipped in How do you know if mining is right for you? Mar As stated previously, companies have set up large-scale mining operations in China with thousands of ASICs running in synchrony. After initially entering the fields of anti-aging research, Daniel pivoted to the frontier field of blockchain technology, where he began to absorb anything and everything he could on the subject. Hopefully, this gives you an coinbase has taken 5 days firms who have agreed to use bitcoin blockchain of the spread of results across these services, given the same data at the same time. It is responsible for mining around 17 percent of new blocks. This is not the case. Since the space for transaction in a block is limited to about 1 MB in Bitcoin network, the more transaction fees you pay, the more quickly your transaction will get processed. If you want to start mining Bitcoin, consider joining a Bitcoin mining pool. The Bitcoin Price Even though the network hash rate will cause your share of the network coinbase alternative australia ethereum pos vs pow power to go down, the Bitcoin price can help make up some of these losses. According to Bitcoin.

As a test, we entered the specifications of two mining systems into the calculators below. The first block of a blockchain is regarded as genesis block, whose block height is 0. SHA and scrypt. This problem is further compounded by the fact that many hardware manufacturers offer discounts for bulk purchases, allowing those with deeper pockets to achieve a better price-performance ratio. The volatility of the currency being mined also affects your long-term profitability. Because of this, one of the major features you should be considering when selecting your pool is its total hash rate — which is often closely related to the proportion of new blocks mined by the pool. Although it is technically possible to mine Bitcoin on your current computer hardware — using your CPU or GPU — this will almost certainly not generate a positive return on your investment and you may end up damaging your device. It will adjust difficulty to reach the goal. Locations with cheaper electric costs and cooler environments at least make profitability a possibility. Once a block is discovered, new transactions are recorded and verified within the block and the block discoverer receives the block rewards — currently set at Finally, the cost of electricity is the most vital expense to factor in.

Mining pools are platforms that allow miners to pool their resources together to achieve a higher collective hash rate — which, in turn, allows the collective to mine more blocks than they would be able to achieve. Thus, it would be nearly impossible to reach profitability in Get bitcoin fast formula to calculate bitcoin mining profitability, even if the value of BTC increases significantly. Read. However, some extras are less obvious: Nonetheless, there is a good possibility of converting back crypto mining profitability ethereum cloud mining monthly fiat at a profit during these times. The mining provider then leases this hardware to users, typically for a fixed initial fee, plus additional costs — including maintenance and how do i buy bitcoins uk ethereum bug. The pool has moderately high fees of 2 percent but offers servers in several countries — including the U. It offers mining contracts, allowing you to test out Bitcoin mining before investing in mining equipment of your. First, the amount of newly minted BTC often referred to as coinbase, not to be confused with the Coinbase exchange halved to 25 BTC, and the current coinbase reward is Ideally, you want an ASIC that has a high hashrate and low power consumption. This field is for validation purposes and should be left unchanged. Bitcoin has a mining reward that is designed to reduce by half at certain blocks. It is likely you will need to deduct electricity costs and hardware costs to determine your net profit. Still, there is always potential that BTC value could install usb bitcoin is coinbase wallet safe to previous highs, making mining profitable in the long-term. Since China has one of the lowest energy costs in the world, it was previously the epicenter of Bitcoin mining. Those with more computational power are more likely to validate a block. Block Difficulty Bitfinex why closing bittrex float you were able to connect the dots, you probably realized that a block reward is worth a whole lot of money. Although it is technically possible to discover blocks mining solo and keep the entire The mining efficiency of different systems can be compared by taking the ratio of the number of hashes it can perform in a second, divided by the power it consumes:

SHA and scrypt. However, since the government began cracking down on cryptocurrencies, it has largely fallen out of favor with miners. This is due to the relatively low value of BTC when compared to that of the previous bull market of Asia's electricity is particularly cheap, which is why China is home to many mining operations. Let's explore the factors that you need to consider before you buy mining hardware:. Unlike the traditional gold-mining or coal-mining which usually involves explosives and drilling, Bitcoin mining is to get Bitcoin by computer. The process of mining digital currencies involves solving complex cryptographic puzzles. In the former case, you would have to keep mining for longer to recoup your expenditure on equipment and electricity. The lifetime of mining hardware also plays a critical role in determining how profitable your mining venture will be. Now, you know the key aspects of a mining rig and are capable of calculating your mining profit.

Those with more computational power are more likely to validate a block. Never miss a story from Cryptocurrency Hub , when you sign up for Medium. Because of this, we do not recommend investing in a cloud mining contract unless you are genuinely just looking to test the waters before jumping in. Read More. Mining Pool: However, as of this writing, it occupies the title of third-largest public mining pool. While some people may use a standard PC case, many use unusual casings, such as beer crates, which allow for increased air flow around the components. Any such advice should be sought independently of visiting Buy Bitcoin Worldwide. Nevertheless, a proper passive income can be generated if you play your cards right. GPUs as you can fit or afford. Here are some ways to minimise downtime: By using only pools with a great reputation, you also ensure your hash rate is not being used for nefarious purposes — such as powering a 51 percent attack. Locations with cheaper electric costs and cooler environments at least make profitability a possibility. Bitcoin mining is unlikely to achieve a positive return on investment unless certain, highly favorable circumstances are met.