Ever considered if you should mine a Bitcoin or rather buy? Well, the truth is that Bitcoin mining is not meant for everyone.
However, if you’re considering to mine a Bitcoin, here are things you should put in mind and must not ignore.
Bitcoin Mining is not profitable for everyone
I guess you want to have more Bitcoin that’s why you are considering to mine them. But if you figure out how much money you’ll need to spend on mining equipment and electricity you’ll reach the fact that unless you have a huge amount of money to spend on these – you probably won’t be profitable. So, before you consider mining think of the cost.
Before you can mine Bitcoin, you must have the required tools for it. And mining rig is expensive. Sorry to say but you need to know. it’s impossible to mine using your personal computer or even an old mining rig and make a profit. And when I say an “old” mining rig – I mean a rig that wasn’t built in the last 6 months.