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Title: Hello, I'm new here... Post by: trevos on July 12, 2013, 12:19:14 PM Hello,
I wanted to mine some bitcoins, but is it still profitable now? Title: Re: Hello, I'm new here... Post by: ldcnxaag on July 12, 2013, 01:11:29 PM Hello, also new here! :P
To answer your question (even though there is lots of info about this in the forum, read here: https://bitcointalk.org/index.php?topic=15918.0 (https://bitcointalk.org/index.php?topic=15918.0)), it could be profitable if you have powerful mining equipment right NOW! Difficulty increases every now and then and eventually you'll need quite a lot of hashing power to be able to profit from it. Here is a profit calculator: http://www.bitcoinx.com/profit/ (http://www.bitcoinx.com/profit/) Title: Re: Hello, I'm new here... Post by: Wubwig on July 12, 2013, 04:13:31 PM I feel like mining is best left to 'professionals' who can afford a big powerful rig, otherwise it just seems like a waste of time...
Title: Re: Hello, I'm new here... Post by: medinscot on July 12, 2013, 05:02:27 PM Hello, I wanted to mine some bitcoins, but is it still profitable now? It depends on how much you are prepared to invest "now". Title: Re: Hello, I'm new here... Post by: ryhan on July 12, 2013, 05:08:10 PM I hope so as im planning to to invest around £3-5k into an asic mining rig.
Title: Re: Hello, I'm new here... Post by: PenS on July 12, 2013, 05:17:14 PM Like any investment you need to weigh your risks rewards. What I am doing is purchasing as they continue to fall... however I am also investing heavily in rigs. Either build your own or search here on the forum to read reviews on companies that are building/selling them.
Best for luck... it is still extremely new and a needed source outside of the over regulated financial industry! Title: Re: Hello, I'm new here... Post by: PhilJon on July 12, 2013, 05:35:46 PM I agree with @PenS... it would be nice if someone came up with a ROI calculator though. Would make it pretty easy to see how long it "should" take to recoup your investment.
Title: Re: Hello, I'm new here... Post by: sifuhall on July 12, 2013, 05:42:12 PM I'm in the market for a decent rig as well.
I currently have a single Block Erupter with 4 more on the way and I also have 10 BFL Jalapenos that may ship one of these days. Title: Re: Hello, I'm new here... Post by: Moneymaker1990 on July 12, 2013, 05:42:55 PM I have 3 BlockEruptors, very nice for what they are.
Title: Re: Hello, I'm new here... Post by: clearcrystal on August 01, 2013, 08:46:44 PM currently only with ASICS
Title: Re: Hello, I'm new here... Post by: Litecoin4me on August 02, 2013, 11:28:45 AM Yes it is profitable.
Title: Re: Hello, I'm new here... Post by: clearcrystal on August 02, 2013, 11:42:53 AM And welcome by the way!
Title: Re: Hello, I'm new here... Post by: sr_miner on August 02, 2013, 12:19:29 PM Welcome on the board ;)
and yes it is profitable... |