What is the best way to earn money mining Bitcoin?

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Simply stated- what is the most cost-efficient way to earn money from mining Bitcoin? I've been a HODL'er since '14 but I recently wanted to deep-dive into mining for fun and was surprised to find how easy it was to do with a Raspberry Pi, slushpool account and a little bit of help from StackExchange:Bitcoin. My question now is- do I build a Raspberry Pi "bucketwheel" equipped with USB-miner sticks like the crate displayed below, purchase an Antminer S9 or go to the cloud? I'd appreciate any guidance or considerations for generating >= $100 month- again this is just for fun in experiment; I'm not looking to become the Hunt Brothers of Bitcoin ;)

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alexanderjsingleton

Posted 2017-10-20T13:16:21.647

Reputation: 137

Answers

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If you mine with your RaspPi or your PC, you'll lose money because of electricity fees. The best way to mine is buying a miner (S9 is the best currently), but if you don't want to pay $1500, or don't want a noisy machine at your home, choose cloud mining. It's a bit risky, too.

MCCCS

Posted 2017-10-20T13:16:21.647

Reputation: 5 827

Thank you- that’s exactly why I said “cost-efficient” I should’ve used asterisks to emphasize. I might try to do all three for fun. I appreciate the recommendations. – alexanderjsingleton – 2017-10-20T14:30:55.857

@alexanderjsingleton I'd suggest NiceHash. I've tried Hashnest and ViaBTC, While I'm satisfied with Hashnest, don't use ViaBTC. – MCCCS – 2017-10-20T14:37:46.663

Asked: 2017-10-20T13:16:21.647

Viewed: 269 times

Active: 2019-09-02T02:18:16.667