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Title: Mining Profitability Question Post by: semzor on December 19, 2013, 05:36:22 AM Hello, first of all I must say I am fairly new to bitcoin mining and I have a question.
I've posted a screenshot below, can you tell me if I'm missing something? I mean with current mining hardware prices and mining difficulty it's impossible to profit as I see it. (I've used the calculator on http://www.bitcoinx.com/profit/) https://i.imgur.com/goHqaDE.png Am I doing something wrong? What are the things I should consider? Thanks Title: Re: Mining Profitability Question Post by: Athom on December 19, 2013, 10:09:45 AM Yes, about another 500g/h of processing power. As the constant increase of the difficulty rate rise, so must the power to mine.
Title: Re: Mining Profitability Question Post by: DrG on December 19, 2013, 03:04:49 PM And this is why if you want to invest in BTC you buy BTC on an exchange (and use it). If you want to mine, you are probably going to be doing it at a loss (unless you own a chip design).
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