Bitcoin and litecoin difference
Before the advent of the an encryption puzzle and competing with other miners to solve.
Before the advent of the an encryption puzzle and competing with other miners to solve.
The value of physical assets like mining machines changes over time, and appropriately depreciating hardware over time � especially as newer and more efficient models enter the market � is an essential calculation for any mining operation, regardless of size. Operating expenses are typically recurring or cyclical costs independent from mining revenue that maintain the operation. Methodology for calculating the expected profitability of mining bitcoin can be complex and involved. But it's common to hold some portion of mined Bitcoin on their balance sheet, giving them exposure to potential price appreciation.