On: Can I Make a Living Off Bitcoin Mining? Probably N...

[thenomad]

... if you're the average person. Usually, in a situation like this, it isn't too hard to out-execute the average person at some point.

[mavhc → thenomad]

The average bitminer, weighted by the people who invest more, who'll be more likely to be better at cutting costs. The interesting part is due to both the increase in miners, and the reduction of bitcoin creation rate over time, existing bitcoins will always rise in price. Always be deflating.

[caf → thenomad]

The easiest way in this case looks to be somewhere with cheaper electricity than the average person.

[thenomad → caf]

That's the conclusion most of the Bitcoin mining forums have come to, at least last time I reviewed them.