How to Mine Bitcoin: Miner Shares Costs, Profitability, How to Pool – Business Insider

How to Mine Bitcoin: Miner Shares Costs, Profitability, How to Pool – Business Insider

  • Mining bitcoin can be a cheaper alternative to buying the asset at a volatile price.
  • Miner JP Baric shares all the platforms he uses to determine profit ratios. 
  • For profitability, an investor must factor in the machine’s price, electricity usage, and pool fee. 

With bitcoin’s price hovering above $30,000, it could easily feel like you’ve missed an opportunity to get in early. And while the cryptocurrency continues to make global headlines on a daily basis, investing in an asset that tumbled 50% in a matter of months after reaching an all-time high around $65,000 feels risky. 

That’s why JP Baric, CEO of MiningStore, prefers to invest in a bitcoin miner rather than buy the asset at a volatile price. His current go-to hardware, the Antminer S19 pro, retails
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