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Why Bitcoin Mining Is Not Profitable For The Average Investor

Bitcoin mining is no longer the easy money printing machine it once was. Here are the key reasons analysed why retail investors may want to look into other forms of earning from cryptocurrencies: [Why Bitcoin Mining Is Not Profitable For The Average Investor](https://www.oobit.com/blog/why-bitcoin-mining-is-not-profitable-for-the-average-investor/)

* often uses specialized hardware
* generates a lot of waste heat
* hardware can deteriorate and become redundant
* setting up a profitable mining operation includes labor costs
* governments don’t like it when you mine cryptocurrency



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  1. The point “generates waste heat” is they key to the Average User mining profitably.

    Get a miner, stick in area that needs heating (or draws air to be heated for central heating). Boom! Your miner will now offset it’s entire electric bill by reducing your furnace heating bill.

    There’s also startups developing bitcoin-mining boilers to harness this more conveniently for average home users

    https://www.wisemining.io/

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