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Title: Almost 1mil Post by: IlbiStarz on June 16, 2011, 07:52:08 PM So it looks like we are going to hit the 1mil difficulty rate next week :P
Starting to doubt if I should still be mining, especially with more expensive electricity rates with Summer coming in.... Title: Re: Almost 1mil Post by: Cluster2k on June 17, 2011, 04:28:05 AM Difficulty increasing 50% every 10 days while the exchange rate is on a downward trend. Anyone starting mining now must calculate out their machine and electricity costs with the assumption that in 2 months time they will be generating 1/10th the bitcoins they can do today, with the current exchange rate. Making $1 per PC per day profit doesn't sound too exciting.
Title: Re: Almost 1mil Post by: Mousepotato on June 17, 2011, 04:59:08 AM So we're not allowed to mine for the fun of it? ???
Title: Re: Almost 1mil Post by: Edward50 on June 17, 2011, 05:24:07 AM So we're not allowed to mine for the fun of it? ??? Obviously not, everybody thinks they struck gold with their mining rigs and want to become millionares. Title: Re: Almost 1mil Post by: Edward50 on June 17, 2011, 05:25:22 AM So it looks like we are going to hit the 1mil difficulty rate next week :P Starting to doubt if I should still be mining, especially with more expensive electricity rates with Summer coming in.... IS the difficulty rate increasing much faster than expected? Is this because of all the recent interest? Title: Re: Almost 1mil Post by: computerparts on June 17, 2011, 05:54:50 AM So it looks like we are going to hit the 1mil difficulty rate next week :P Starting to doubt if I should still be mining, especially with more expensive electricity rates with Summer coming in.... IS the difficulty rate increasing much faster than expected? Is this because of all the recent interest? Yes and yes Title: Re: Almost 1mil Post by: Chucksta on June 17, 2011, 07:21:58 AM I've been mainly making money by buying BTC when the price drops, then selling when it rises, but it hasn't done that in a while :(
I wish someone would sell off a load of coins, so that the price drops significantly. Come on, you know you want to ;) Woot, price is down to just above $15 .... needs to drop some more |