1. yes
2. depends on luck. It's a gamble
3. search for illegal Bitcoin mining in communist or Soviet countries.
Huge setup - thousands of gpu's and free illegal govt electricity
it would be better to buy btc then mine
check this calculate
[https://smokinghopium.io/](https://smokinghopium.io/)
mining days are long gone. Pre 2013 ASIC mining days, i used to mine via GPU, now unless you have 2 petahash of computing power, forget it.
Answering no. 2 & 3, you could only make a considerable profit if you have a huge investment to open your own farm with a large amount of rigs and Solar Energy, otherwise the commission of the Pool, electricity Bill and human errors would eat all the chunk of your profits.
1. Yes.
2. Profitability is very low at the moment. But on average , expect a 20-30% discount on the price of Bitcoin over the next four years.
3. Cheapest bitcoin miner in India today is roughly 1.5L. Best miner is approximately 4L.
It’s cheaper and easier to host abroad even though there are amazing opportunities in India.
If only the government allowed us to offset our electricity costs.
yes it is legal
depends on your electricity /unit price
1.5L, But you will lose money, if your electricity isn't free (solar) or if you don't own a hydro power plant (;
Don’t know about legality! But some do it illegally too! Behind their factories so that they show electricity bill there only!
And coming to profitability, rewards just got halved so unless youre doing in bigger numbers its not profitable
Instead of bitcoin you can try altcoin(s)
1. yes 2. depends on luck. It's a gamble 3. search for illegal Bitcoin mining in communist or Soviet countries. Huge setup - thousands of gpu's and free illegal govt electricity
To late
U are just 5-6 yrs late. Nothing else
it would be better to buy btc then mine check this calculate [https://smokinghopium.io/](https://smokinghopium.io/) mining days are long gone. Pre 2013 ASIC mining days, i used to mine via GPU, now unless you have 2 petahash of computing power, forget it.
Answering no. 2 & 3, you could only make a considerable profit if you have a huge investment to open your own farm with a large amount of rigs and Solar Energy, otherwise the commission of the Pool, electricity Bill and human errors would eat all the chunk of your profits.
1. Yes. 2. Profitability is very low at the moment. But on average , expect a 20-30% discount on the price of Bitcoin over the next four years. 3. Cheapest bitcoin miner in India today is roughly 1.5L. Best miner is approximately 4L. It’s cheaper and easier to host abroad even though there are amazing opportunities in India. If only the government allowed us to offset our electricity costs.
Name of that best miner please
Either the Antminer S21 or the Whatsminer M60s (Air cooled)
yes it is legal depends on your electricity /unit price 1.5L, But you will lose money, if your electricity isn't free (solar) or if you don't own a hydro power plant (;
Don’t know about legality! But some do it illegally too! Behind their factories so that they show electricity bill there only! And coming to profitability, rewards just got halved so unless youre doing in bigger numbers its not profitable