Bitcoin Forum

Now they are for 0,2BTC each.
will they pay for themselves or its actually a lost cause and not worht it?

Depends... are you just mining to learn about mining or going only for profitability in BTC?

Very few miners if any are profitable given the costs of production and chips and the increasing of difficulty. As many have said if you are looking to get a profit in BTC... buy BTC at this time. As more mining power comes online the numbers will not get better for miners only worse.

  depends on how you do your math.  



Let argue this way..   You live next door to me.  and hand me    .32 btc in usd which is at this minute  .32 btc x 420 usd = 134.4 usd   .  Lets pretend that since you live next door to me I walk to your house ant setup the one I own..

  it is running 2.37gh..  

 lets say you are running a setup already   so you only add 3 watts .  that is 72 watts a day or about 2.2 kwatts a month…  

I live in NJ so the power used is .16 cents or 35 cents a month.   Since I live next door and it is  1045 pm I set it up in the morning.  and you start your hash on the 14th.

 you have 2 days at  current diff.  you earn about .00225875 btc for day one  and for day two.  that is .0045175 btc profit for 2 days.  

next jump is to 575 mill (a guess)  this lowers your daily profit to  .00200073  that lasts for 11 days  this is .02200803  so after 13 days you earned .02652553 coins.   lets say for those 13 days coins were dead stable  at 420 usd.

 now on the 13th day  btc drops to 105 usd and stays for a year  you are ffff'd.   as your earned btc is worth 2.78 usd against the 134 usd you put up

 or on the 13th day coins move to 1680 usd   your earned btc is worth  44.56 usd  against the  134.40 usd you put up

If you just buy .32 btc  at a cost of 134.40 usd and hold for  13 days.

dead stable prices until the 13th day and btc drops to 105 your .32 btc is worth  33.60 usd instead of  the 134.40 usd  you started with.

but if prices jump to 1680  your .32 btc is worth  537.60 usd  instead of the 134.40 usd you started with.


So to most buying coin looks good short term if the market goes up it is good.

Of course Buying a stick for 134 usd and have it for  30 or 40 days earn coin and sell it  may be better then just buying coin.  Other factors these sticks give you heat.   So if you are in NJ like I am  i get a bonus of lwer heating bills for the next 180 days.

My motto is mix it up  Have some sticks or other mining gear hold some coins.   maybe have some cex.io shares   and hope for btc to rise

so shortly when BTC is at this $, its not worht to mine at all?

what about doing altcoins and selling for BTC

  Some mining is okay  but you need an edge.. If you have 500 watts mining in a winter climate it is worth extra money for your heat.  In the USA more then 1 million homes heat with electric heat..  Since they will spend the electrical power maybe as much as   250 dollars to heat the home each month mining makes some sense for them.  

  If you live  in Hawaii it is warm and power cost big bucks  don't mine buy btc.  Alt coins have gotten better  I have a buddy that went back to lite coins.  He is in Canada and it helps to heat his home.

Where do you get them for 0,2BTC?
Thanks

im in europe so winters here are cold ;) we dont use electricity to heat our homes tho.

where for 0,02BTC? at official site.

Which official site?

Answer is no. Use a calculator with difficulty build in and you will get your answer...

SHow me the link for .2 BTC , right now they are at .32btc
Thanks

oh if i have link for 0.2 then either i found a golden gooes or.. its some scam.
i will find out more before sharing that stuff then and makign somebody loose money.

even if they were at .2BTC each, they'd never pay for themselves........... unless bitcoin price went up a lot

but then you'd be better off buying bitcoins

the only way they'd ever make .2 bitcoins in their lifetime is if bitcoin price was to plummet & thus cause difficulty level to drop.  even if difficulty dropped to 20% gain per cycle, it'd take, what, thousands of years to get .2 bitcoins ?

so it means none of miners make money?

Yeah I seriously don't think it will.

Correct. You can use mining calculators to figure that out... but if you want to learn about mining and get into it a USB is a good way to learn and reasonably priced for new miners.

http://mining.thegenesisblock.com/