Breaking Even: Calculating Your Bitcoin Mining Breakeven Price

Description

Introduction Bitcoin mining is the process involved in creating new Bitcoins and keeping the Bitcoin network up and running. This task utilizes advanced computers to solve complex mathematical problems. For each solved problem, a new “block” is created and added to the blockchain, and miners then receive payment in Bitcoin. However, Bitcoin mining is not cheap or simple, but it can be mastered. Let’s discuss what’s involved in mastering Bitcoin mining, starting with understanding the breakeven p...