What is the profitability of GPU bitcoin mining in 2017?

3 answers

• Dec 18, 2021 · 3 years ago
  GPU bitcoin mining was quite profitable in 2017. With the increasing value of bitcoin, miners using GPUs were able to generate significant profits. However, as the year progressed, the mining difficulty increased, making it harder to mine bitcoin with GPUs. Despite this, many miners were still able to make a good profit due to the overall bullish trend of bitcoin in 2017.
  374187
• Dec 18, 2021 · 3 years ago
  Back in 2017, GPU bitcoin mining was a lucrative venture. Miners using powerful graphics cards could generate a decent amount of profit. However, it's important to note that the profitability of GPU mining depends on various factors such as electricity costs, mining difficulty, and the price of bitcoin. So, while it was profitable for some, others may have struggled to cover their expenses.
  393131
• Dec 18, 2021 · 3 years ago
  In 2017, the profitability of GPU bitcoin mining was quite high. Miners using GPUs had an advantage over those using CPUs, as GPUs were more efficient in solving the complex mathematical problems required for mining. However, it's worth mentioning that the profitability of mining also depends on the cost of electricity and the overall market conditions. Therefore, it's important to consider these factors before investing in GPU mining.
  439110