Longer-term stability tends to be at lower profit levels than what we saw in early 2021. That's about a 30–35% drop in value since early December, 2021. Currently, Bitcoin sits at around $38K and Ethereum is at $2,700. The difficulty of mining has steadily increased, and potential profits have trended downward over time. Since that time, we've seen record prices for Bitcoin and Ethereum come and go, multiple times. We originally posted this article with data taken from before February 16, 2021. At the same time, putting all the money straight into buying cryptocurrencies would have gotten similar results with a lot less hassle.īut what if you're trying to do the same thing right now? It will cost more, profits will be lower (or not even materialize for potentially years, if ever), and there are loads of other concerns that we'll get into.Ĭase in point: Just look at the past three years. Anyone that had the foresight to put together a big mining farm two or three years ago and then save all the Ethereum and/or Bitcoin it generated (while temporarily eating the costs) looks pretty smart today.
This has all happened before, and we've seen how it ends - or at least where it goes temporarily.
#Best mining software for just pc Pc
There are GPU shortages, other PC component shortages, GPU prices are in the stratosphere, and clearly there are a bunch of people who think mining is awesome. There are three primary approaches to mining, and we'll cover these in order of ease of getting started.īefore we continue, let's be clear: We're all about providing information, both good and bad. Besides the actual hardware for mining - which basically means having one of the best graphics cards - you'll need to decide on the software you want to run, and how you want to get paid. If you've read our best mining GPUs and want to see what all the fuss is about, we've got the details on the most popular ways of mining with your PC. The cryptocurrency mining and Ethereum mining boom has mostly tapered off, though even after twelve months, the rollercoaster ride continues.
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