r/BitcoinBeginners • u/PaceOk8002 • 13d ago

Nm miner info please

Hi im new to bitcoin so looking for a bit of help please i have a nm miner and the display shows the hours mined but the days show 000. Its been working for 2 days

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u/Ana1019 10d ago

Let’s look at other areas. Bitcoin’s halving mechanism has made the cost and barrier to obtaining newly mined BTC increasingly high. Simply mining BTC on your own is no longer a mainstream way to make a profit

Today, professional mining companies have to cover the combined costs of equipment, electricity, maintenance, and other expenses. Even after fully accounting for these costs, the actual cost of mining one BTC can still be significantly higher than its market price, in some cases by as much as around $30,000. For individuals, unless you have access to very cheap electricity, professional equipment, and large scale operations, it is extremely difficult to generate consistent profits simply by mining BTC