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Title: Are Mining Shares Still Profitale? Post by: warrenbeatty on November 10, 2013, 08:09:49 PM I was looking over a few shares in the group buy section and wondering if it was a good idea to get into on shared mining. Obviously mining equipment seems to be past its prime.... so does anyone have any personal experience with this type of hosted mining. Some group shares are mining around 750gh/s and seem to be making a nice investment. Is it too late to get into the game?
Title: Re: Are Mining Shares Still Profitale? Post by: Zeus the GOD on November 11, 2013, 12:24:10 AM From what I've read the longer you wait the less profitable it will be.. Also there will only be 21million coins I read somewhere and ATM there's approx 12million coins.. Soo yeah
Title: Re: Are Mining Shares Still Profitale? Post by: Kiweikoo on November 11, 2013, 12:25:47 AM Yes for short term , just don hold them for too long
Title: Re: Are Mining Shares Still Profitale? Post by: cp1 on November 11, 2013, 01:14:13 AM It's better to buy than mine unless you get some super good deal
Title: Re: Are Mining Shares Still Profitale? Post by: Ally_Rob on November 11, 2013, 01:37:43 AM I understand the longer one waits to get invovled, the less they'll make if anything.
I just dont see how people are saying its not worth it to get involved now. If you were able to mine with 320GHz, $3500 invested in such machine. You're going to tell me that id of wasted money? I got USB Eruptors at 1.3GHz/1300MHz , earning .30 a day , even with the recent increase in difficultly. Prior to the increase I was earning close to .40/day. So could someone please elaborate on how getting invovled in mining at this time, even by the end of 2013, how it wouldnt be worth it, Im tired of everyone saying its not worth it, its better to do this then that,etc no one ever gives legit logical reason's as to why its not worth it. Sooo... Below is my rhyme to reason as to why im going to be getting involved. The way ive come to my conclusion is as follows. Using my current birthday gift setup as the base.. $40 for the hardware. 4 miners @ 1.3GHz At the current difficultly of 511mil. Im earning .30 a day, roughly. SO a rig at 320Ghz/320000MHz ; $3500 . 320,000 / 1,200 = 266.6666666666667 * .30 = $80 a day, right? Granted this is just at the current 511Mil diff. and 80/day for a month(30d) is $2400 The numbers seem worth it to me. Even with there being 12M of 21M created... Rob Is this not correct in theory? Am i missing something from this "larger" picture? Title: Re: Are Mining Shares Still Profitale? Post by: phibay on November 11, 2013, 01:39:18 AM building your own rig are better
Title: Re: Are Mining Shares Still Profitale? Post by: Zeus the GOD on November 11, 2013, 02:35:16 PM If you want to make a big profit from mining your gonna to have a massive set up..
Title: Re: Are Mining Shares Still Profitale? Post by: Nik1ab on November 11, 2013, 02:43:06 PM It's better to buy than mine unless you get some super good deal I got 10GH/s for around 20$ once :DTitle: Re: Are Mining Shares Still Profitale? Post by: Jacce on November 11, 2013, 03:08:09 PM Unless you can make big investments, I'd say no, it isn't profitable.
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