To start mining Bitcoin at home is fairly easy.
- Buy a miner
- Set it up
- Configure the miner (connecting to a mining pool, address for pay-out,..)
- Keep it running AT LEAST 6 hours a day
The real “difficulty” in mining Bitcoin has to do with making profit.
Miners use a lot of electricity and one of the first MAJOR steps before starting to mine is doing a “profitability calculation”.
A profitability calculation is where you measure the costs of mining (and the miner) and the amount of Bitcoin that can be earned with the hash-output of the miner.
General rule is that “the higher the hash-rate, the better”.
In reality is it: “the more efficient the miner, the better”.
With efficiency being the highest amount of Hashes per used W (Watt).
To do a profitability calculation is to take into account the total cost of your miner {Estimated amount (and price) of Bitcoin to be mined based on your hash-rate} – {(price you bought it) + (the amount of energy it uses x price of electricity) }
If this little sum is positive, you can mine with profit.
Mining Bitcoin at home easily becomes a profitable venture IF you have access to cheap electricity (renewable energy) as this will form the biggest part of your base cost.
Having said that is Bitcoin mining both easy and complicated.
Easy:
- Because plug-and-play ASIC miners exist (and the hardest part is directing your miner to a pool and setting rewards to your wallet.. which tends to be self-explanatory in most cases)
- Once the miner is set up, real maintenance isn’t needed. It works and runs. Doing its work.
- Maintenance is low when it occurs. It’s checking if the miner is still online and running as expected through a computer.
Complicated:
- Only when you are mining Bitcoin as a business.
- Complicated as constant monitoring and maintenance is needed for optimal performance of the ENTIRE set up (miners + cooling systems + servers + energy-producing infrastructure)
- Complicated as profitability is based on your costs made (mainly electricity use), which means scaling up and down the miners based on current electricity costs as well as amount of shares had in the TOTAL hashrate of the network as well as pool you’re mining with (as these factor in the begotten rewards).
You can learn all you need to know about Bitcoin mining in my BITCOIN MINING STANDARD.
Which is a step-by-step guide in learning about Bitcoin mining as well as to start mining yourself in both individual as professional setting.
It comes with handy simulations as well as simplified tips and tricks to increase your profit.

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