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Bitcoin mining as a hobby can be fun and even profitable if you have cheap electricity and get the best and most efficient Bitcoin mining hardware.
Bitcoin mining is competitive. Until recently, it’s not been ideal for the average person to mine since China’s cheap electricity has allowed it to dominate the mining market. But that has changed since China outlawed mining in their country. Even with this recent change, if you want bitcoins then you are better off buying bitcoins.
Miner
Hash Power
Price*$7K
Antminer S19
95.0 TH/s
$10k-12k
Antminer S19 Pro
110.0 TH/s
$15k-17k
WhatsMiner M30S+
100.0 TH/s
$8,500
Antminer T17
42 TH/s
$1,900
What is an ASIC Bitcoin Miner?
Since it’s now impossible to profitably mine Bitcoin with a standard computer or laptop, you’ll need specialized hardware called ASICs.
Here’s what an ASIC miner looks like up close:
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