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Bitcoin mining, unfortunately, isnt simple and there are a number of hidden costs and constantly changing factors.
This guide will help you understand Bitcoin mining profitability and give you a good estimate of your expenses and earnings.
2016, could Be, bitcoin s Best Year Yet.
The bitcoin mining industry goes through a shakeout phase, with many smaller miners throwing in the towel, much to the benefit.
Bitcoin mining is the process of adding transaction records.
Bitcoin s public ledger of past transactions or blockchain.
This ledger of past transactions is called the block chain as it is a chain of blocks.
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Profitability, of course it makes no sense buying contracts from Genesis Mining if its not profitable. So now I think you might have got what you looking for, if not feel free to ask. While a rising difficulty with no change in your hash power will always mean you have less BTC earnings, a higher BTC price could mean the BTC you do earn has the same purchasing power. Here where I live the price ofelectricity is: 0,13/kWh. Miners that do this using the least amount of electricity per hash are the most efficient. You'll also hear made-up words such as " blockchain ".