Is Bitcoin Mining Profitable in 2022, UK?

The answer is quite simply, yes, depending on individual circumstances, so there are lots of clients, lots of our clients, lots of people that we work with who are happily making quite handsome sums of money by mining bitcoins specifically on an ASIC Bitcoin machine, those special machines that are only designed to mine Bitcoin. And, rather than chasing Bitcoin directly and mining all the other slightly smaller coins for a much higher pound sterling value, you can even keep those smaller coins, so you can still absolutely make a great profit mining in the UK on normal domestic electricity rates. However, regardless of energy costs, if you can make a profit with graphics card mining domestically, and if you have cheaper electricity on the commercial side, you can make even more money mingling. Raven coins, as well as e-coins

The Grins mine all the other coins in the ecosystem for a higher value, which ultimately you could convert to Bitcoin. I'll keep those smaller coins, which generally see a larger rise in price percentage-wise when Bitcoin moves, so the intelligent way is always the best. That's what we like to do here at EasyCryptoEducateInform and give people the best options. So, in a nutshell, the answer is yes. Under the right circumstances, you can make great profits here in the UK. You just need a couple of secret ingredients. There are a couple of things that a lot of people aren't familiar with, and that's what we'd love to be able to disseminate to everyone watching and also the people that like to work with us, so if that's something that you think you're being tested on, give us a shout. We'd love to get in touch with you soon. It's Josh from Easy Crypto. I hope this has helped answer some of your cryptographic questions. If you'd like to find out a little bit more about the sector, or maybe you've got some other questions that are burning on your mind, have a look around the channel, leave us a like, give us a subscribe, and we can't wait to see you in the next video soon. So the real question on everyone's mind right now is: is it possible to mine profitably in the UK in terms of Bitcoin? The answer is simply yes, depending on individual circumstances, so there are many clients, many of our clients, and many people we work with who are happily making quite handsome sums of money by mining bitcoins in the UK in 2020 under what would now be considered fairly normal circumstances.

Those special machines are just designed to mine Bitcoin. If you plug one of those into your house or your home and stick it in your garage, you can forget the idea of making any money. That's just not tangible at this point due to normal domestic electricity rates. People that are making money in this sector domestically or more privately are doing it with graphics card mining, and instead of chasing Bitcoin directly and mining all the other slightly smaller coins for a much higher pound sterling value, you can convert that to Bitcoin or even keep those smaller coins, so you can still absolutely make a great profit mining in the UK on normal domestic electricity rates. If you're looking at Bitcoin, specifically mining Bitcoin, you can make a profit, but again, this is where you look at it. Ultimately, the cost of electricity is your massive variable, so even though as a business we don't necessarily mind Bitcoin precisely because of some other intrinsic factors with the equipment, which we don't agree with because technology changes very quickly and it's very difficult to keep up with all these huge technological changes, The Grins mine all the other coins in the ecosystem for a higher value, which ultimately you could convert to Bitcoin. I'll keep those smaller coins, which generally see a larger rise in price percentage-wise when Bitcoin moves, so the intelligent way is always the best. That's what we like to do here at EasyCryptoEducateInform and give people the best options. So, in a nutshell, the answer is yes. Under the right circumstances, you can make a great profit here in the UK.

You just need a couple of secret ingredients and a couple of pieces of information that a lot of people aren't familiar with, and that's what we'd love to be able to disseminate to everyone watching and also the people that like to work with us. So if that's something that you think you're being tested on, give us a shout. We'd love to get in touch with you soon. It's Josh from Easy Crypto. I hope this has helped answer some of your cryptographic questions. If you'd like to find out a little bit more about the sector, maybe you've got some other questions that are burning on your mind.