a block rise proportional to the pools total hashrate. To aid in selection, the Bitcoin Wiki provides a handy mining hardware comparison : Although Bitcoin Wiki doesnt list many models as currently shipping on from their manufacturers, all these mining rigs (and more) are available for resale as new or used. The 0 Pool Fee assumes a mining farm large enough to run its own pool. A mining pool is a group of Bitcoin Cash miners that combine their computing power in order to increase their chances of solving a puzzle.
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This is due to the ever-changing nature of the Difficulty modifier and the BTC price, in particular. Cost of building or data center if applicable key value of BTC over the life of the miner. Currently, according to, bitInfoCharts, mining Bitcoin Cash for one THash/s (a trillion hashes per second) will, on average, bring a profit.3526 a day. Moreover, if youre mining in a pool, chances are they will have their own dedicated software. Profitability is highly unlikely given the current circumstances. Most cannot be run in the house unless you have a garage, basement or room that can handle the heat and noise. The most popular cloud mining services are Hashflare and Genesis Mining. If youre a part of a pool, you will need to enter your username, password and the pools address into the software. In theory, all you need to do it purchase a contract, plus a computer for communications and an optional local Bitcoin Cash wallet. At a Bitcoin price around 1150, it appears that the average American home miner makes only 1348 a year, assuming difficulty and price hold steady.
Is mining Bitcoin Cash profitable?
The process of mining Bitcoin Cash is very similar to mining Bitcoin, but there are a couple of key differences.
First and foremost, the block size limit of Bitcoin Cash is eight MB, while that of Bitcoin is just one.
Bitcoin mining has grown from a handful of early enthusiasts into a cottage industry, into a specialized industrial-level venture.
In other words, mining wont be profitable at a small scale unless you have access to free or really cheap electriciy.
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