Developer, Bitcoiner, Entrepreneur, Author of "The Truth About Bitcoin"

Sylvain Saurel

Yes, people continue to mine Bitcoin.

This is done permanently: 24 hours a day, 7 days a week, all year round.

If there were no more miners, the Bitcoin network would simply not work. Transactions could no longer be validated, as they could no longer be added to the next block to be found.

Bitcoin mining has now become an industry in its own right.

Solo miners able to find the next block to add to the Bitcoin Blockchain are increasingly rare, but they still exist as seen in August 2023. A solo miner was able to win the great Bitcoin mining lottery as I explain to you here: "Solo Miner Wins Bitcoin Mining Lottery – This Lucky Miner Earns a 6.25 BTC Reward Worth $160,000".

However, the costs are enormous for a more than random result. Mining ASICs are expensive and the electricity cost is enormous. If you are not lucky enough to get the BTC reward, you will lose money.

For many, it is more interesting to buy Bitcoin with the money they could invest in Bitcoin mining.

If Bitcoin mining still tempts you, it is in your interest to join a mining pool in order to maximize your chances of having a return on investment with the other members of the pool. There is strength in numbers as they say.

This is done permanently: 24 hours a day, 7 days a week, all year round.

If there were no more miners, the Bitcoin network would simply not work. Transactions could no longer be validated, as they could no longer be added to the next block to be found.

Bitcoin mining has now become an industry in its own right.

Solo miners able to find the next block to add to the Bitcoin Blockchain are increasingly rare, but they still exist as seen in August 2023. A solo miner was able to win the great Bitcoin mining lottery as I explain to you here: "

Solo Miner Wins Bitcoin Mining Lottery – This Lucky Miner Earns a 6.25 BTC Reward Worth $160,000

However, the costs are enormous for a more than random result. Mining ASICs are expensive and the electricity cost is enormous. If you are not lucky enough to get the BTC reward, you will lose money.

For many, it is more interesting to buy Bitcoin with the money they could invest in Bitcoin mining.

If Bitcoin mining still tempts you, it is in your interest to join a mining pool in order to maximize your chances of having a return on investment with the other members of the pool. There is strength in numbers as they say.

Sylvain Saurel

Do people still mine Bitcoin?

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Sylvain Saurel