Bitcoin Forum

Bitcoin => Mining support => Topic started by: Katsuargi on January 23, 2014, 11:10:59 PM



Title: Probably the 1000th new to mining you've seen. Slight twist.
Post by: Katsuargi on January 23, 2014, 11:10:59 PM
Tax return season, thought I might look into getting into the game.

Is it profitable to mine at this point, or is the investment cost outweighed by the increasing difficulty?

The slight twist is that I don't pay electricity at my current apartment, so if there are highly effective but high power consuming options, that's not an issue for me.

Edit: Looks like the typical strategy is as follows: get the newest, fastest rig possible as early as you can.

Profit with it before increased difficulty renders it obsolete.

Repeat.

Accurate?