this post was submitted on 01 May 2025
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Technology

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[–] kittenroar@beehaw.org 25 points 1 month ago* (last edited 1 month ago) (1 children)

bitcoin mining hasn't been profitable for a long time. Like, a decade or so.

[–] Boomkop3@reddthat.com 6 points 1 month ago (1 children)

...but you could buy specialized hardware for it

[–] kittenroar@beehaw.org 4 points 1 month ago (2 children)

True, but the outlay of cost for the hardware was higher than the value of Bitcoin you would receive.

[–] Boomkop3@reddthat.com 3 points 1 month ago (2 children)

The power bill is more of a concern. Eventually it'll pay itself back

[–] DragonTypeWyvern@midwest.social 1 points 1 month ago (1 children)

Go for that moonshot bro, your creditors will be happy to wait I'm sure.

[–] Boomkop3@reddthat.com 2 points 1 month ago

Just clarifying the idea. I don't support crime by holding up such networks

[–] vrighter@discuss.tchncs.de 1 points 1 month ago (1 children)

it has to pay for itself faster than it becomes unprofitale. Which is never, now

[–] Boomkop3@reddthat.com 1 points 1 month ago

I know, not the point

[–] MDCCCLV@lemmy.ca 1 points 1 month ago

In theory if you didn't have heating you could get a cheap used machine and run it and the revenue might cover the cost of heating and you get a free to run space heater.