![]() ![]() So an answer to this question is very relative. If you live in a country where electricity is cheap or have an alternate energy source like solar panels or hydro plants- that will definitely reduce the costs of your mining operation. Thus, in order to mine you need to spend electricity. WINDOWS CGMINER TUTORIAL FULLSo the cost depends on how much you paid for your hardware, and how soon it pays off.Įlectricity– Bitcoin and cryptocurrency mining is very energy-intensive, as it runs the mining hardware to its full potential. Hardware– there’s various hardware that can be used to mine Bitcoins and crypto in general. Two main factors that influence the cost to mine Bitcoins or some other crypto are: This is something that depends on your situation and specific setup. ![]() However, the users must consent to it first, otherwise, your mining operation won’t be ethical, and can even be illegal.
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