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Twitter CEO shared an article that teaches bitcoin mining at home

Twitter CEO shared an article that teaches bitcoin mining at home

CEO TwitterJack Dorsey, along with his followers, shared an initiative claiming that homemade bitcoin mining is profitable in the market.

The publication that caught the attention of the billionaire was by the RoninDojo Profile, which states that homemade mining is profitable.

“I am sure someone told you that mining bitcoin at home is not profitable for the average bitcoiner. They are wrong.”

Jack Dorsey retweeted an image that claims Bitcoin mining is profitable for people at homereproduction

The publication takes readers to condition, published in January 2021, which explains the basics of profitable mining, even at home, an environment that many experts consider bad for this business.

Among the tips shared in the article about homemade bitcoin mining, the authors also provided information on power, equipment, noise reduction and ventilation improvement. In other words, it is possible, in the opinion of the article and Jack Dorsey, to work at home and make a profit from it.

Bitcoin mining difficulty is still low, but it could rise in the coming days

In recent weeks, bitcoin mining has been hit by China, prompting farms and businesses to leave the country. Thus, since May, the Bitcoin network has lost a lot of hashrate, which is a measure of blockchain security.

For every block created in 2016, about two weeks, the Bitcoin network automatically adjusts the mining difficulty. Since May, the market has followed the decline, which favors homemade mining.

Bitcoin Mining Difficulty Declining Since May 2021
Bitcoin Mining Difficulty Declining Since May 2021 / Credit: Blockchain.com

In the next 12 days, the network will undergo a new network adjustment, which could be the first positive adjustment since China began banning miners in May. This is because this Saturday, according to preliminary data, the difficulty rose from 13.67T to 14.5T, an increase of 6%, which is critical for the Bitcoin network to remain secure.

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Bitcoin mining difficulty will adjust in 12 days and may rise for the first time since May
Bitcoin mining difficulty will adjust in 12 days and may rise for the first time since May / Credit: BTC.com