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PRESS RELEASE | You donât have to buy or trade Bitcoin to earn; mining the coin is another way to make money. However, Bitcoin (BTC) mining has reached a new record for difficulty. Costs are very high, and itâs becoming almost impossible for new people to join.
At the same time, the meme coin project PepeNode (PEPENODE) is changing the usual rules. Instead of dealing with expensive mining machines and high electricity bills, PepeNode makes mining a fun game in a virtual world.
This is a press release submitted to BitPinas.
What is Mining?
The term âminingâ for Bitcoin actually comes from mining and means something like âto digâ. Anyone who mines or extracts gold is considered to be engaged in âgold mining.â Because Bitcoin is viewed by many as a kind of âdigital gold,â the term âminingâ is intended to express this idea.
The miner goes to work every day to extract raw materials from the mine. This process also occurs in cryptocurrency mining, only the terminology needs to be adapted:
- Mining is the extraction of raw materials, the mining of cryptocurrencies.
- A miner is the person who mines the cryptocurrency.
- Mining is the cryptocurrency. For example, mining Bitcoin requires a different pickaxe than mining Ethereum. So, depending on the type of mining, different tools are needed.
Cryptocurrency mining is a process that uses hardware to extract currency. The network, such as the Bitcoin network, specifies mathematical problems that a miner must find and solve to receive a reward.Â
With Bitcoin, a reward is distributed every ten minutes; with Litecoin, for example, it happens every 2.5 minutes. This means that the time for a reward and the amount of the reward depend on the cryptocurrencyâs algorithm.
Miners not only receive a reward, they also add information to the blockchain while mining. New coins are generated, the network is strengthened by the miners, and transactions are verified and approved. To receive the reward, you need a corresponding wallet, for example, a Bitcoin wallet for Bitcoin mining.
Solo vs. Pool Mining: Which is Better?
Miners can mine a cryptocurrency either alone (solo mining) or together (pool mining):
Pool mining
When miners join forces, the probability of finding a new block is higher. The pool miners then divide the profits proportionally among themselves.
Solo mining
Solo miners generally have to work longer and harder to find a block. However, solo miners receive the rewards all to themselves.
Many enthusiastic Bitcoin miners make a bold comparison: Bitcoin mining is comparable to printing money, even if the negative inflationary effect is eliminated. Bitcoin mining, therefore, makes it possible for anyone to install their own money printing machine at home by purchasing Bitcoin mining hardware.
While certain parallels do exist, this comparison may be somewhat exaggerated and overly optimistic. The fact is that Bitcoin mining can earn money, which is received in Bitcoins. In general, the BTC coin exists primarily as a reward for Bitcoin miners, who pay their electricity bills and need to be compensated for providing billing power.
The topic of Bitcoin mining has changed significantly in recent years. While five or six years ago, it was sufficient to simply install and run a Bitcoin client on your computer to profitably mine Bitcoins, this has become increasingly difficult in recent years.
Since cryptocurrencies have also experienced a significant boom in the last two to three years, more and more users have entered Bitcoin mining. As a result, the complexity of Bitcoinâs hashing algorithm has become increasingly complex, which also means that more hash power is required to perform a successful hash.
Is Bitcoin Mining Still Worthwhile in 2025?
Given this development, many interested parties are asking: Will Bitcoin mining still be worthwhile in 2025? Can an ordinary person still make money with Bitcoin mining? Or is Bitcoin mining now exclusively reserved for specialized, large mining pools in countries with low electricity costs, like Iceland or Mongolia?
The good news first: yes, itâs still possible to make money with Bitcoin mining in 2025. However, purchasing and investing in your own hardware isnât necessarily the best way to make money.
Criteria for Selecting Suitable Bitcoin Mining Hardware
So, if you decide to purchase a Bitcoin mining device, you should definitely choose an ASIC device. When selecting an ASIC miner, you should pay particular attention to the technical specifications based on the following criteria:
- Electricity: Miners consume huge amounts of electricity and high electricity costs eat into profits
- Storage costs (and noise)
- Cooling: The devices get very warm, you may need to cool them
- Internet: Miners require an internet connection
- Maintenance and servicing
The biggest advantage of having your own Bitcoin mining rig is that you have complete control over your hardware. Youâre completely free to decide how, when, and for what purpose you want to use your Bitcoin mining rig. Thereâs no complex or contentious coordination with members of a mining pool, and no additional costs for paying for the services of a cloud mining provider.
However, there are also several arguments against purchasing your own Bitcoin mining hardware. First and foremost, of course, are the high investment costs. Given the often volatile price of Bitcoin, these high initial costs should be carefully considered, and may only be amortized over the medium term.
Another major disadvantage is the technical complexity associated with operating your own Bitcoin mining rig. This includes the hardware, which must be correctly implemented and operated.
The rig should, of course, deliver the highest possible performance, but it should also be ventilated and used sustainably so that it lasts as long as possible and the investment can deliver a good return.
Required Bitcoin Mining Software
Anyone who purchases their own mining hardware for Bitcoin mining must then install suitable Bitcoin mining software on it. Installing the required clients on the Bitcoin mining device and getting them running is usually very laborious and complex. This is further complicated by the fact that the client is constantly being updated and revised, which also needs to be implemented on the device.
Not everyone has the time and energy, or even the interest, to install and set up this Bitcoin mining software themselves. An alternative, of course, is to pay an expert a good hourly rate to configure the Bitcoin mining device. However, these experts are in high demand and difficult to find, so you have to expect high costs.
Bitcoin Mining â Yes or No?
In conclusion, Bitcoin mining in 2025 will no longer be as easy as it once was. Not everyone who is active in Bitcoin mining will make money in the future. This makes it all the more important to know which providers and/or solutions and strategies will still allow you to mine Bitcoin profitably in 2025.
The options in this Bitcoin mining guide have shown you what possibilities are available to you. Which of these options you choose will, of course, depend on several criteria. So, the question now is which of the options appeals to you personally the most and, of course, which one you consider to be the most logically viable.
If you have a better understanding of the technology and want to maintain more control, you can of course consider purchasing powerful Bitcoin mining hardware.
However, if you donât want to deal with the technology too much and still want to earn money with Bitcoin mining, you can join one of the cloud mining providers presented here or even your own online mining pool.
This is a press release submitted to BitPinas: What You Should Know About Bitcoin Mining in 2025
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