Probably one of the most asked questions regarding Bitcoin mining in the past few years was “Is Bitcoin mining profitable?” In 99% of the cases the answer is no, since competition is too fierce and in order to mine profitably you’ll need a dedicated ASIC mining rig. Just so you’ll get an idea of what I’m talking about, the most efficient miner today, the Antminer S9, costs over $2000 and will probably get you breaking even after 6-9 months.
However, Bitmain, the main (and nearly sole) manufacturer of Bitcoin mining rigs has recently announced the arrival of the Antminer R4 – A miner created for mining Bitcoins at home. What does this mean exactly?
Well, for one, the miner would probably be cheaper than the industrial miners like the S9. The company posted on its website that it should cost 1000 USD before shipping. However since then, the page no longer appears on the company’s website.
August 29th update: The miner is out and it’s price is set at 1395 USD – that’s a lot more than the