-3
I really want to get into mining but I want to know if mining for bitcoin is even profitable anymore.
I know that CPU mining isn't profitable at all but is there some way that I can still make a decent profit from mining bitcoin in any way? Do I need dedicated hardware? Or is it not even profitable to do any sort of mining with any hardware?
If bitcoin isn't worth it (meaning making a profit, not a loss) would litecoin be a good alternative?
Why all the downvotes? Did I miss a point? – mhsjlw – 2015-09-03T18:58:20.377
1The downvotes are because this an "I've never run before, how can I win olympic gold?" kind of question. Why would you think that you'd be able to make money doing something you don't seem to know anything about? – David Schwartz – 2015-09-03T19:32:05.510
@DavidSchwartz I said I want to get into mining, not that I don't have any expirience with Bitcoin. I have made my own altcoin before and have a firm understanding of how bitcoin works and how to mine. I just wanted to know if it was profitable. – mhsjlw – 2015-09-03T20:02:58.247
Then you should ask a question that reflects your understanding so that you get answers that don't waste time explaining things you already know to you. – David Schwartz – 2015-09-03T20:04:57.467
@DavidSchwartz I don't already know if it is profitable which is why I asked – mhsjlw – 2015-09-03T20:07:24.107
possible duplicate of In the ASIC-age, is it even worth starting casual mining Bitcoin at home?
– Murch – 2015-11-07T12:01:59.190