Bitcoin Forum

Guys is it too late to get involved in Bitcoin mining ?

well if you have 20+ Ghash (0.1BTC/month) in your hands it i'snt.
You can also buy some hash power on net cex.io, picostocks....
they will give you in the moment yours hash power that you rent,

or go to some preorder (not recommedment)

or do it like others..mine new cryptos and if you lucky...you will get lots of BTC

its not that easy if you think you can make it work on a normal pc its not gonna happen , you'll need to invest some time nd Money.

You might find it challenging to be profitable mining only Bitcoin at this point. Scrypt coins are another story. You can be up and running fairly easily with a premium graphics card, computer, time and effort (especially if you know someone who is willing to help). Potential to break even over time is good, and there is certainly a possibility of being profitable!

Of course you can minebtc. question is do you have what it need to mine them. equipment will cost you a lot and you will never get back what you invest. better way is to buy btc or some other alt coin and trade on crypto markets. if you buy perspective coin at low price later you can make big money. 

You can always mine bitcoin for fun, but you shouldn't expect it to be profitable.

The difficulty are getting harder and harder and it's practically impossible to make a serious profit without spending a bunch of money so everybody should mine Bitcoin for fun right now !

 Still not worth it. With the hardware that the OP is wanting to run, he'd make around $13.50/mo max before any sort of rent/utilities/etc. That's with the current difficulty and exchange rate.

How do you know what hardware OP is using, and get that $13.50/mo?  ???
It seems OP didn't post anything about his hardware or hashrate.....

I think it's not gonna be profitable

You have to be very careful about which companies you buy from, there are more scams that legit vendors.  If you are totally new to this I would recommend getting in on our hosted group buys; we are expert miners and these are priced where you have some chance of actually hitting ROI.

Without honest miners, there is no network to process bitcoin transactions.  If you mine you are actually participating in bitcoin, rather than just being a user or speculator. I recommend that everyone mine some bitcoin (or earn by doing other work), buy some bitcoin (so you will do well when the price goes up), and spend some bitcoin (adoption drives the price, we need to build a real economy).

This topic link may better help answer your question.  If you are going to mine, better bring some seriously heavy artillery...

https://bitcointalk.org/index.php?topic=7216.0

Oh yeah...have to compete with these guys too...
http://dealbook.nytimes.com/2013/12/21/into-the-bitcoin-mines/?_php=true&_type=blogs&_r=0 (http://dealbook.nytimes.com/2013/12/21/into-the-bitcoin-mines/?_php=true&_type=blogs&_r=0)

I'll peep in to humbly recommend Cognitivemining.com. The CEO of Cognitive is managing orders for many people, and will have an operation larger in size than Icedrill (mentioned above) in a few months.

We're about to get a huge shipment of hardware from Cointerra (28 terahashes per second worth) and shares are competitively low at https://www.havelockinvestments.com/fund.php?symbol=COG

Cheers

With the recent drop in bitcoin prices, you'll get a better ROI by simply buying bitcoins directly now and waiting for them to appreciate in price over the coming year.

with current price, you cant make any profit? am I right?

you gotta look at how much the hardware cost, and willing to hope the value of btc will rise.

No one can predict that value, but to give you an idea minimum entry $6,000-9,000 for 2 THs.

If you can link to the "Coin terra conversation of 28 THs order", that would be great.

As you can see, the difficulty of mining has increased out of the normal users hands for BTC.  There are many alternative coins that you can mine now with GPU's and trade them for BTC. 

But, setting up GPU and everything how much is that? I dont have like $3,000 like some people are selling their rigs for..

You know where I can find, used GPU`s? besides ebay..

Its not too late it just need more hashrate  :-)

so it's too late ...to some extent
more hash-power=more investment(HW+power and money) to be considerd

Why does the bitcoin's worth keep dropping and the mining difficulty keeps increasing?

The price is always up and down. As for the difficulty its daily, based upon the network being more secure.

If your asking for the recent drop, its based upon Mt.Gox`s incident and other exchanges due to a "unconfirmed transactions aka: double spending".

Bitcoin difficulty adjusts itself every 2016 blocks, based on the total time taken to find the previous 2016 blocks.
The difficulty will keep increasing with more and more ASICs coming out to the market.

What is your budget?  ???
You can find some GPUs (both new and used) here. https://bitcointalk.org/index.php?board=75.0

For BTC mining it is too late, unless you produce ASIC chips

It's not too late.

Just need more to invest that's all. People please, think :)

BTC mining is a no go without a serious upfront investment. Much better off mining alts (and optionally selling them for BTC), and you can get started with a single GPU

Not too late, hop on one of these:


http://www.candrequipment.com/1ea192a0.jpg

Since there are already

"professional miners"

in the bitcoin mining sector, I'm afraid it's far too late for people who fell behind on bitcoin ever since 2012..
Well, unless you have a lot of GH/s in your hands, you may still actually make a profit. It's far too late for people even like me to mine now though.