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<p>[QUOTE="psuman08, post: 26086055, member: 121366"]I don't think those are accurate numbers. You need powerful servers / computers that drawn huge amounts of electricity. In the early days. your premise worked. at the current mining rates, I can't imagine being profitable. </p><p><br /></p><p>Bitcoin relies on Proof of Work (PoW) to validate transactions. In return for using electricity and computation to solve complex math problems, Bitcoin miners receive new units of BTC. The rewards for PoW are declining nearly every 4 years. Chart from <a href="https://coinledger.io/learn/bitcoin-halving-dates" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://coinledger.io/learn/bitcoin-halving-dates" rel="nofollow">Bitcoin Halving Dates: Investor’s Guide 2025 | CoinLedger</a>.</p><p><br /></p><p><img src="https://coinledger.io/cdn-cgi/image/format=auto/https://cdn.prod.website-files.com/614c99cf4f23700c8aa3752a/675240d650a93f05b43672ad_675240b0691fe6145b256aa1_Bitcoin-Halving-Dates-EDIT_2024_V4-infogrpahic-2%2520(2).jpeg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="psuman08, post: 26086055, member: 121366"]I don't think those are accurate numbers. You need powerful servers / computers that drawn huge amounts of electricity. In the early days. your premise worked. at the current mining rates, I can't imagine being profitable. Bitcoin relies on Proof of Work (PoW) to validate transactions. In return for using electricity and computation to solve complex math problems, Bitcoin miners receive new units of BTC. The rewards for PoW are declining nearly every 4 years. Chart from [URL='https://coinledger.io/learn/bitcoin-halving-dates']Bitcoin Halving Dates: Investor’s Guide 2025 | CoinLedger[/URL]. [IMG]https://coinledger.io/cdn-cgi/image/format=auto/https://cdn.prod.website-files.com/614c99cf4f23700c8aa3752a/675240d650a93f05b43672ad_675240b0691fe6145b256aa1_Bitcoin-Halving-Dates-EDIT_2024_V4-infogrpahic-2%2520(2).jpeg[/IMG][/QUOTE]
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