RATE Group | If you’re mining bitcoin from home, you’re now losing money
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If you’re mining bitcoin from home, you’re now losing money

12 Oct If you’re mining bitcoin from home, you’re now losing money

Posted at 16:25h in Bitcoin News by

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Bitcoin mining was once, as close as you could get to free money. You plugged in your computer, which began solving complicated mathematical problems on the bitcoin ledger, and you were rewarded with bitcoin.

Now, 10 years on since the first bitcoin was mined, competition to solve these complicated puzzles on the blockchain has surged making that free money not so free.

In fact, it’s become so saturated that retail miners who are plugging in their PCs, hoping to earn a quick buck, are now losing money, according to data from Diar, a blockchain and data analytics firm.

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