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can i get rich from bitcoin mining

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Bitcoin mining


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Can you get rich by investing in Bitcoin?

Bitcoin miners, Bitcoin traders, Bitcoin investors, and all others who make money off Bitcoin have a chance to get rich. However, we recommend against having “get rich” as your main goal – although it is definitely possible, there is a reason why there are a lot more regular Bitcoin investors than Bitcoin millionaires.

Can you really make money mining bitcoin?

However, mining can still be a valid way to make money with Bitcoin, especially if you use one of the many available cloud mining services. Learn how you can set up your own mining rig and make BTC mining profitable in this article.

Can You get Rich from mining cryptocurrency?

Of the first questions cryptocurrency newcomers ask is whether or not they will get rich from mining. On the surface, mining seems really straightforward, turn my computer on, run a program, and make money. It can be that simple, but that’s not the type of miner that will give you a reliable income.

How much does it cost to mine a bitcoin block?

The current bitcoin block reward sits at 6.25 bitcoin, or about $60k (at the time of writing). Even though this is a pretty good paycheque if you do happen to mine a block, that’s not the reason why it wouldn’t be profitable for you to do.