How much money do Bitcoin miners make?

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[Jimmie150]

The truth is bitcoin miners are making so much money compared to the bitcoun traders but I don't really know the exact amount they make on a daily basis but none the less it is very profitable to be a minor.

 

[Chibson]

Mining bitcoin is somewhat profitable but not as before. The early miners of Bitcoin made a lot of money when Bitcoin grew up in value. Of course I have used an app used for mining of Bitcoin, I didn't make anything tangible out of it because the money was too low. For professional miners of Bitcoin I think they are making money.

 

[Adetayo100]

Bitcoin is quite lucrative, When bitcoin was first mined in 2009,mining one block would earn you 50BTC. In 2012, this was halved to 25 BTC. By 2016, this was halved again to 12.5BTC. On May 11, 2020, the reward halved again to 6.25 BTC

 

[Husnainali]

In 2020, one modern Bitcoin mining machine (commonly known as an ASIC), like the Whatsminer M20S, generates around $8 in Bitcoin revenue every day

Post automatically merged: Feb 14, 2021

In 2020, one modern Bitcoin mining machine (commonly known as an ASIC), like the Whatsminer M20S, generates around $8 in Bitcoin revenue every day

 

[jagabaney]

As compensation for their efforts, miners are awarded bitcoin whenever they add a new block of transactions to the blockchain. The amount of new bitcoin released with each mined block is called the "block reward." The block reward is halved every 210,000 blocks (or roughly every 4 years).

 

[Lagazine]

Bitcoin miners don't make up to $1 daily. There are series of people on bitcoin with fake miners. Those real miners will made it known to you that you can only make much you subscribing to the platform daily an mine. But the fake ones will waste your time and later tell you that you need to do some tasks before withdrawing your coins.

 

[Dowenship]

Is Cryptocurrency mining a great way to earn a passive income at the height of the craze around blockchain-based tokens. And How much money does Bitcoin miners make? How can we determine the potential earnings of a cryptocurrency miner today, Are they really making it

As long what they mine is free I see no Loss in the business. If the mining is legit and pays I think they really gain much money depending on how patience the miner is. So there potential cannot yet be determined by what they min but the vale of what they mine.

 

[Felixko]

The thing is unpredictable but the truth is that they are really making money as compare to bitcoin traders. It is not easy for you to get a legit bitcoin site for your bitcoin mining, most of the mining sites are always scammed. you need to do research before getting into bitcoin mining.

 

[Ehizzy1]

I think it actually depends on how large your bitcoin mining farm is , if its very large there is possibility of earning more from it i think , everything depends actually and that is the msain reason i am actually looking for how to get a mining rig

 

[Sincerem]

I can't ascertain how much miners make daily, weekly, or monthly. But i know they make lots of money mining and process coins from one wallet address to another. But i know they earn very big punt that can sustain them for life.

 

[Chumzy]

minning bitcoin should most likely be the most unproductive coin to mine in term of cost. what most people dont understand is that mining is not cheap and cost a lot. the power consumption of a mining rig is just too much to incure.

 

[Mostee501]

Yes of course, there are lots of people still making it in bitcoin mining, although recently we experienced fluctuations in cryptocurrencies which saw price rates for cryptocurrencies fell but not withstanding it is normal for cryptocurrencies to fluctuate.

 

[Akinwale701]

Is Cryptocurrency mining a great way to earn a passive income at the height of the craze around blockchain-based tokens. And How much money does Bitcoin miners make? How can we determine the potential earnings of a cryptocurrency miner today, Are they really making it

I do not think there's any way to determine how much they make as miners. It depends on the amount of bitcoin mined and the price of bitcoin in dollars at the time.

 

[Samuel77]

According to my own point of view it all depends on the policy of the site and also how you follow instructions given in the site, but most of those Bitcoin mining sites are scam, at the end of the day they refused to pay

 

[Cash%]

minning bitcoin should most likely be the most unproductive coin to mine in term of cost. what most people dont understand is that mining is not cheap and cost a lot. the power consumption of a mining rig is just too much to incure.

Bitcoin is still a productive coin to mine ,because many people still see the importance attached to making bit co in , that is why they buy mining right just to mine bitcoin

 

[Victor001]

Is Cryptocurrency mining a great way to earn a passive income at the height of the craze around blockchain-based tokens. And How much money does Bitcoin miners make? How can we determine the potential earnings of a cryptocurrency miner today, Are they really making it

There is no articulated income in particular, but be rest assured the amount generated is solely depended on the GPU of the system and the amount of energy conserved.

 

[Richard92]

Biticon mining is not that lucrative these days and there are a lot of fake mining site these days, one has to be very careful when mining Bitcoin.

 

[Victor72]

It depends on the policy of the site. All mining site has their own policy, some are very fast and some are too slow. Why some mining site are just scam

 

[Setfragil]

Making money through mining bitcoins depends on some things. The amounts of money that you invested on the miners will go a long way in determining how much money will be generated by the miners.