Hard to do. Takes expensive equipment but at the price of BTC these days, I think it is profitable for the miners although a lot are moving towards AI.
🧵1/2 It's basically infinite because its just get halve every 4 years and can't reach zero. Even if the rewards get pretty low, you still get a part of the fees of the block.
I believe the #bitcoin mining lasts into the next century.
I understand
So is it worth mining $BTC?
Hard to do. Takes expensive equipment but at the price of BTC these days, I think it is profitable for the miners although a lot are moving towards AI.
I understand, residing in a country where electricity consumption is low cost may be a good idea.
Can we mine with AI?
No. The computers are being shifted from mining Bitcoin to running AI.
I understand.
Can you give me something to read more on the internet?
Do you have something on your blog similar to this?
Sounds interesting.
🧵1/2 It's basically infinite because its just get halve every 4 years and can't reach zero. Even if the rewards get pretty low, you still get a part of the fees of the block.
🧵 2/2 The only question is if the power consumption and the cost of ASIC miners is still worth doing it.