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Title: is it still good to bitmine? Post by: tomwally11 on October 09, 2013, 09:51:21 PM Is it still profitable ? looking to get into but.readung that its not as profitable anymore ? anyone.have any advice and what sort of machine id need.
Thanks ! Title: Re: is it still good to bitmine? Post by: honky1492 on October 09, 2013, 09:57:20 PM Is it still profitable ? looking to get into but.readung that its not as profitable anymore ? anyone.have any advice and what sort of machine id need. Use some mining profitability calculator with predicted difficulty increases and see yourselves :) PS: I dont known of any profitable machine you can buy (or preorder :)) Title: Re: is it still good to bitmine? Post by: wayneyoyo on October 09, 2013, 09:58:33 PM i don think you can lose money on mining for long term
Title: Re: is it still good to bitmine? Post by: tomwally11 on October 09, 2013, 10:32:41 PM Ok thanks im on limited funds so im gonna get saving and give it a go
Title: Re: is it still good to bitmine? Post by: marcotheminer on October 09, 2013, 10:45:17 PM i don think you can lose money on mining for long term you certainly CAN, difficulty WILL increase exponentially and continue to rise, therefore mining is close to not profitable at all UNLESS you have a very powerful miner (or several of them). My opinion: Dont bother mining. Title: Re: is it still good to bitmine? Post by: Open4lies on October 09, 2013, 10:48:09 PM Ok thanks im on limited funds so im gonna get saving and give it a go Dont know if your kidding, but if not, you may buy USB Block Erupters if your on limited funds. Good luck :D Edit: You might not get your BTC back, but it will be fun Title: Re: is it still good to bitmine? Post by: HyperBeam on October 09, 2013, 11:04:13 PM It's not very profitable anymore since the difficulty is increasing so quickly.
Title: Re: is it still good to bitmine? Post by: unotdog25 on October 10, 2013, 07:54:07 AM The short and sweet answer for you is no. Whoever said that you can't lose money in the long run is hugely mistaken.
Title: Re: is it still good to bitmine? Post by: Xenoph0bia on October 10, 2013, 08:33:33 AM Is it still profitable ? looking to get into but.readung that its not as profitable anymore ? anyone.have any advice and what sort of machine id need. Thanks ! You need: 1. Free hashing machine 2. Free electricity 3. Profit 4. ??? Title: Re: is it still good to bitmine? Post by: netsurf83 on October 10, 2013, 12:56:55 PM Yeah at the moment it is still good for the individual. That will likely change as more and more large enterprises are buying up hardware orders.
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