Winter is Coming: Bitcoin Mining for Heat (And Profit)

Winter is Coming: Bitcoin Mining for Heat (And Profit)

For a hobbyist bitcoin miner, the industry is a different place than it was a few years ago. It used to be that you could use your CPU or GPU to mine bitcoin. But then the price of bitcoin started rising and people began to realize how much money could be earned, and – with the resulting rise in mining difficulty – only those that could afford costly ASICs were in a position to actually make any profit. Soon enough, only the largest operations could compete. Research shows that, for new miners, the price of a bitcoin needs to be at least $600 to break even if electricity costs are less....


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