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Is Bitcoin mining still profitable in 2020? from fintechzoom.com Bitcoin mining is still profitable! Let's review mining profitability, bitcoin, bitcoin cash, and bitcoin sv. In may 2020, bitcoin also completed the third split event in the bitcoin mining reward, which caused the amount of bitcoin mined each day to be halved. However mining from home in 2020 is not simple, and it is not as profitable or as big of a potential upside as it previously a la 2017 cryptocurrency bullrun. When bitcoin was first mined in 2009, mining one block would earn you 50 btc. However, as the bitcoin price tends to rise after the hash rate increases, increasing difficulty does not always mean lower profitability. In may 2020, bitcoin also completed its third halving event, which saw the amount of bitcoin mined each day cut in half. Resources would be much appreciated as well!
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Is bitcoin mining still profitable?
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