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@ Layer3.news
2025-02-27 09:42:20
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IS BITCOIN SOLO MINING VIABLE IN 2025?
https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9iNmVhMWEzYjc2N2ZlMWQzOTFiODYzOWNhZGVhYWFkYy5qcGc=.jpg
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✍️ Bitcoin solo mining involves an individual miner validating transactions and adding new blocks to the blockchain without collaborating with others. However, the process requires substantial computational power and resources, and the chances of success are relatively low.
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👉 Solo mining requires substantial computational power and resources
👉 The process is competitive and the chances of success are relatively low
👉 Increasing mining difficulty and costly ASIC hardware are major challenges
👉 High energy consumption and competition from industrial mining farms are also significant factors
👉 The luck-based nature of finding blocks independently adds to the uncertainty
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#technology
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