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Successfully mining just one bitcoin block, and holding onto it since 2010 would mean you have $450,000 worth of bitcoin in your wallet in 2020. The short answer is yes. The more expensive a coin is, the more profitable mining should be. If you're patient enough, you can mine a promising coin and wait till the price. The mining market is currently stagnating as industry application specific integrated circuit (asic) leaders such as bitmain. $1.5t in crypto market cap.right: Although bitcoin mining is becoming tuff day by day. After almost two years of battle, the. Bitcoin mining is pretty famous in other countries but not yet in india. The language of existing laws doesn't help, said pabitra mohan mishra , attorney at finlaw , a mumbai consultancy firm. Minergate is a multicurrency mining pool created in 2014 by a group of blockchain enthusiasts. Although not on the list because it has only been announced last month, it seems that bitcoin mining machines from bitwats are poised to be the most profitable mining rigs. Mining is the process in which transactions are added to the public ledger, which is known as the blockchain.
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