In the previous lesson, we learned about GoMining's digital miners and how they disrupted traditional Bitcoin mining.
They solved many of the challenges of traditional mining, but they didn't eliminate the biggest question of all.
At the end of the day, what everyone wants to know is simple:
It's a question many newcomers ask - and for good reason.
Even from a distance, the Bitcoin mining profitability equation has too many variables to give a quick answer.But when you zoom in, the picture gets far more complex - suddenly a whole set of hidden variables and not-so-obvious expenses come into play.
The truth is, profitability depends on many moving parts, such as:
- computing power
- energy efficiency
- electricity costs
- network difficulty
- location
- maintenance,
and other additional operational costs.
With GoMining in particular, it even depends on how you choose to pay fees.
By the end of this lesson, you'll learn:
- Why traditional Bitcoin mining ROI is hard to calculate
- How GoMining calculator works
- About the key factors that influence mining rewards
- About the external factors that affect mining outcomes
- How to use the calculator to build a smarter, risk-aware mining strategy
Let's zoom in.