Bitcoin Mining Rig and How to Build it for Other Crypto

MiningPoolHub

This sub is strictly focused on mining on the MiningPoolHub service.
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Which Bitcoin Mining Rig Is Most Profitable?

Which Bitcoin Mining Rig Is Most Profitable? submitted by PabloClarke to BitcoinMining [link] [comments]

Which Bitcoin Mining Rig Is Most Profitable?

Which Bitcoin Mining Rig Is Most Profitable? submitted by PabloClarke to Bitcoin [link] [comments]

Which Bitcoin Mining Rig Is Most Profitable?

Which Bitcoin Mining Rig Is Most Profitable? submitted by PabloClarke to Bitcoin_Maximalist [link] [comments]

Which Bitcoin Mining Rig Is Most Profitable? (x-post from /r/Bitcoin)

Which Bitcoin Mining Rig Is Most Profitable? (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

How to mine bitcoin for under $99: Build a profitable mining rig and make money while you sleep

submitted by wealthwithless to wroteabook [link] [comments]

Bitcoin Mining Rigs Struggle for Profits, Despite BTC's Hashrate Reaching an All-Time High

Bitcoin Mining Rigs Struggle for Profits, Despite BTC's Hashrate Reaching an All-Time High submitted by Bitcoinmathers to btc [link] [comments]

Bitcoin Mining Rigs Struggle for Profits, Despite BTC's Hashrate Reaching an All-Time High

Bitcoin Mining Rigs Struggle for Profits, Despite BTC's Hashrate Reaching an All-Time High submitted by Gasset to CryptoCurrency [link] [comments]

Bitcoin Mining Industry Contracting: Bitmain Firing More Than Half Its Workforce; GMO Internet Shuts Down Mining Division

Bitcoin Mining Industry Contracting: Bitmain Firing More Than Half Its Workforce; GMO Internet Shuts Down Mining Division

https://preview.redd.it/shaxz99r3v621.png?width=690&format=png&auto=webp&s=7b45303f9a9cb5901f9d7cc33b09eddd0525b853
https://cryptoiq.co/bitcoin-mining-industry-contracting-bitmain-firing-more-than-half-its-workforce-gmo-internet-shuts-down-mining-division/
The Bitcoin mining industry is seeing blood in the streets because the Bitcoin mining hash rate has declined from peaks near 60 EH/s to around 40 EH/s today, driven by Bitcoin’s decline from $20,000 to less than $4,000 in a year.
This means 20 EH/s of Bitcoin mining equipment has been taken offline due to lack of profitability. Bitcoin mining rig manufacturers have large quantities of rigs they cannot sell, bringing the mining arms race of constantly improving technology to an abrupt halt.
Bitmain, the biggest Bitcoin mining rig manufacturer, has gone from planning an initial public offering (IPO) on the Hong Kong Stock Exchange to slashing most of its workforce. GMO Internet, an up and coming manufacturer that developed 7 nm rigs faster than anyone else, has put up the white flag of surrender and left the mining industry.
It is clear that the IPO for Bitmain will not be happening. This company is struggling for survival. Essentially, Bitmain is laying off all employees who are not essential and getting rid of auxiliary divisions.
Entire departments will be closed. A Bitmain staff member said ““It’s affirmative. The layoff will start next week and involves more than 50 percent of the entire Bitmain’s headcount” while another staff member said, “Some departments have to be let go entirely.”
It is likely that the blockchain and artificial intelligence (AI) departments at Bitmain will be most severely impacted since Bitmain’s true business is manufacturing mining rigs, and anything which is not yielding profits will be the first to go.
Meanwhile, up and coming mining rig manufacturer GMO Internet is completely getting rid of its mining manufacturing business. It will be reporting an “extraordinary” total loss of JPY 35.5 billion ($319 million) from the mining business.
GMO Internet will no longer manufacture, develop, or sell mining rigs. It will continue an in-house mining operation with its remaining rigs, and this might be profitable even in bad market conditions since they have highly efficient 7 nm rigs.
The fact that GMO Internet has a surplus of 7 nm rigs and cannot even sell them shows how bad the mining industry has gotten. Miners cannot afford to buy any more rigs, no matter how cutting edge the rigs are, since the entire mining business model has been rekt.
The only way for Bitcoin mining to work, even during favorable mining conditions, is to run rigs 24/7 without interruption. Then miners buy more rigs from their slim profit margin. More than 30 percent of all existing rigs being turned off due to lack of profitability indicates most mining businesses are taking big losses rather than profits.
Simply, miners will not be buying new rigs until the 20 EH/s of rigs that have been turned off can be turned back on, and Bitcoin’s price will have to double to make that happen.
submitted by turtlecane to CryptoCurrency [link] [comments]

Bitcoin's hashrate climbed to an all-time high(ATH)this week touching 166 exahash per 2nd(EH/s)on October 14. Despite the current price rise and also hashrate ATH on Wednesday, just a tiny group of next-generation mining rigs are profiting at present bitcoin exchange prices.

Bitcoin's hashrate climbed to an all-time high(ATH)this week touching 166 exahash per 2nd(EH/s)on October 14. Despite the current price rise and also hashrate ATH on Wednesday, just a tiny group of next-generation mining rigs are profiting at present bitcoin exchange prices. submitted by djpearson to CryptoCurrency [link] [comments]

Bitcoin Mining Rigs Struggle for Profits, Despite BTCs Hashrate Reaching an All-Time High (current BTC/USD price is $11,534.50)

Latest Bitcoin News:
Bitcoin Mining Rigs Struggle for Profits, Despite BTCs Hashrate Reaching an All-Time High
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
submitted by coinsaladcom to CoinSalad [link] [comments]

Bitcoin Mining Rigs Struggle for Profits, Despite BTC’s Hashrate Reaching an All-Time High

Bitcoin Mining Rigs Struggle for Profits, Despite BTC’s Hashrate Reaching an All-Time High submitted by raaner12 to Altcoinss [link] [comments]

Bitcoin Mining Rigs Struggle for Profits, Despite BTC's Hashrate Reaching an All-Time High (x-post from /r/Cryptocurrency)

Bitcoin Mining Rigs Struggle for Profits, Despite BTC's Hashrate Reaching an All-Time High (x-post from /Cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Bitcoin Mining Rigs Struggle for Profits, Despite BTC’s Hashrate Reaching an All-Time High

submitted by none7987 to Bitcointe [link] [comments]

Bitcoin Mining Still Profitable With Older-Generation Rigs

Bitcoin Mining Still Profitable With Older-Generation Rigs submitted by zuugzwang to BitcoinMining [link] [comments]

Bitcoin Mining Still Profitable With Older-Generation Rigs

Bitcoin Mining Still Profitable With Older-Generation Rigs submitted by zuugzwang to AllThingsCrypto [link] [comments]

Bitcoin Mining Still Profitable With Older-Generation Rigs

submitted by zuugzwang to Crypto_General [link] [comments]

Bitcoin’s old mining rigs are still profitable investments, claims report

Bitcoin’s old mining rigs are still profitable investments, claims report submitted by n4bb to CoinPath [link] [comments]

Bitcoin Mining – Hardware & Software Is Profitable – How To Start – Free App – Legal Wiki Rig Miner

Bitcoin Mining – Hardware & Software Is Profitable – How To Start – Free App – Legal Wiki Rig Miner submitted by ososru to Bitcoin4free [link] [comments]

Bitcoin Mining – Hardware & Software Is Profitable – How To Start – Free App – Legal Wiki Rig Miner

Bitcoin Mining – Hardware & Software Is Profitable – How To Start – Free App – Legal Wiki Rig Miner submitted by Rufflenator to 3bitcoins [link] [comments]

Just Two ASIC Bitcoin Mining Rigs Remain Profitable in Current Markets!

Just Two ASIC Bitcoin Mining Rigs Remain Profitable in Current Markets! submitted by CryptoDataYoutube to CryptoMarkets [link] [comments]

Just Two ASIC Bitcoin Mining Rigs Remain Profitable in Current Markets

Just Two ASIC Bitcoin Mining Rigs Remain Profitable in Current Markets submitted by n4bb to CoinPath [link] [comments]

Only 2 Bitcoin mining rigs deemed profitable in December 2018 - Bitrazzi

Only 2 Bitcoin mining rigs deemed profitable in December 2018 - Bitrazzi submitted by asmajda to CryptoStock [link] [comments]

$80,000 Mining Rig Interview - 70x 1080tis! - YouTube New Crypto Mining Rig EARNS $22 DOLLARS A DAY  Should YOU ... Is Mining Bitcoin Still Profitable in 2020? - YouTube How to Build an Ethereum Mining Rig in 2020 - YouTube Most Profitable Mining Rig In 2019 Is?...

For example, one featured Bitcoin mining rig costs USD $1,767 to build and operate and generates $4.56 in profit per day at current prices. Thus, it would need to run for 387 days to become profitable . Here’s a guide on how to build a mining rig. ... can still be profitable to mint coins as an amateur miner, probably the most honest way to earn some digital cash. Here’s a guide on how to ... Bitcoin Mining Hardware. Mining rig is a computer system used for mining Bitcoins. The rig might be a dedicated miner when its procured, built and operated specifically for mining. But it could also be a computer that fills other tasks and only mine part-time. There are two Bitcoin mining rigs that you can choose from for the hardware: DIY Mining Rig. This can be built from your own PC with as ... USB Bitcoin mining was only profitable when Bitcoin was in its early years. If you just want bitcoins then invest in serious mining hardware or just buy bitcoins. Halong Mining. The world of crypto was in disbelief when Halong Mining, a new ASIC startup, announced their brand new Dragonmint T16. Halong claimed it to be the most powerful – and efficient – Bitcoin mining ASIC on the market ... Over the last year, cryptocurrencies have lost a lot of value yet bitcoin miners continue to process transactions and earn block rewards. A bunch of new The top mining devices that process between ...

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$80,000 Mining Rig Interview - 70x 1080tis! - YouTube

Grüßt euch! Im letzten vorweihnachtlichen Video stelle ich die meiner Meinung nach günstigste Version eines Mining Rigs vor und berechne mit euch, ob es sich... Here's the first part in the series on how to build the best RGB-laden (or not, it's a free country) mining rig possible. We got part selection up first toda... Is mining Bitcoin BTC still profitable in 2020? Let's review mining profitability, Bitcoin, Bitcoin Cash, and Bitcoin SV. Block reward halving, network diffi... This video will discuss how to build an ethereum mining rig in 2020. If you are interested in mining ethereum, you must watch this video! Note: no rig assemb... This new cryptocurrency mining rig is earning over $22 dollars a day, should you buy it?! Is a crypto miner a good investment?! Let's review the mining profi...

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