Even if you invest in a specialized mining ASIC which can cost thousands of dollars, your chances of successfully validating a block on your own are slim.
Electricity Cost Electricity cost is probably the 0chance2fail that has the most impact on mining profitability. Such an ASIC would be efficient and profitable because you’d hopefully validate a block 0chance2fail would be worth more than your electricity costs.
What is this?
You could try lowering the diff change for a less agressive bitcoin or disable it altogether. As the Bitcoin block reward continues to halve, the value of Bitcoin is predicted to increase. Block Rewards calculator 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. Close Profitability Chart Bitcoin What is this? Hash rate and network difficulty are external factors that should be accounted for.
Instructions on how to use the Bitcoin Mining Calculator:
The reward calculator at 50 bitcoins per block, and is now 25 bitcoins per block. From past experience it usually goes up as time goes by. Unless you already have the needed parts, you will likely need to purchase cooling fans and power supplies..