Bitcoin Forum

Other => Beginners & Help => Topic started by: sleeace on November 22, 2013, 02:43:03 AM



Title: Is mining so difficult around these days?
Post by: sleeace on November 22, 2013, 02:43:03 AM
I used to be miner at deepbit around 6 month ago, my speed is over 400 MH/s. I earn 0.01BTC around 1~2 day easily.

Then I start mining this week, but I noticed my BTC seems not increased any bit? It seems stopped at 0.00078662 BTC. Why? Is it so hard to get BTC these few months?


Title: Re: Is mining so difficult around these days?
Post by: Lieji on November 22, 2013, 02:52:12 AM
I used to be miner at deepbit around 6 month ago, my speed is over 400 MH/s. I earn 0.01BTC around 1~2 day easily.

Then I start mining this week, but I noticed my BTC seems not increased any bit? It seems stopped at 0.00078662 BTC. Why? Is it so hard to get BTC these few months?

Please refer to the difficulty history at the bottom of the page. http://bitcoinwisdom.com/bitcoin/difficulty

    Date                Difficulty           Hash Rate
Nov 17 2013       609,482,680      4,362,847 GH/s
May 25 2013        12,153,412         86,998 GH/s

I know it sounds crazy, but your current mining revenue (in terms of BTC) should be less than 1/50 (2%) compared with 6 month ago.


Title: Re: Is mining so difficult around these days?
Post by: Kasbtc on November 22, 2013, 03:01:52 AM
Yep, mining difficulty has been increasing quickly since ASIC miners started rolling out.  You're not gonna get much unless you have some serious hardware, currently.


Title: Re: Is mining so difficult around these days?
Post by: sleeace on November 22, 2013, 03:06:55 AM
Thanks guys! It's shocking news for me. :o


Title: Re: Is mining so difficult around these days?
Post by: MicroGuy on November 22, 2013, 03:07:29 AM
https://www.gldtalk.org/devteam/fall.png

Thanks guys! It's shocking news for me. :o

Fortunately, there are coins that are regularly 1000% more profitable to mine. Then you can just convert them into BTC.

See here: http://coinchoose.com/


Title: Re: Is mining so difficult around these days?
Post by: sleeace on November 22, 2013, 03:23:23 AM

Fortunately, there are coins that are regularly 1000% more profitable to mine. Then you can just convert them into BTC.

See here: http://coinchoose.com/

Hey that's great information for me to try mining different coins. HAHA~ ;)