#asknostr what is the bare minimum amount of equipment/ASICs needed to join a pool like ocean and actually profit?
Discussion
Bitcoin mining profitability is directly tied to your cost for energy. Happy to discuss further with you!
Are you looking into home mining or hosted mining?
home
Let me be clearer. I’m only looking to at least break even, because my sole intent is to put some resources towards decentralizing the network that actually makes a difference. I’m not really looking to profit, just looking for enough to afford the equipment and power
Then mining isn't for you.
That’s helpful. I’m trying to aid the decentralized network asking questions about how.
No, you're asking questions about making a profit in one of the most competitive businesses known to man. You need free or cheap power and hundreds of thousands of dollars worth of equipment to make any real money, otherwise it's just a hobby that converts power into hard money.
Good luck.
and to be honest I would do it at a reasonable loss