Bitcoin Forum

Bitcoin => Mining speculation => Topic started by: jasonjm on February 21, 2014, 01:08:20 AM



Title: miner days to profitability? infinite - lol
Post by: jasonjm on February 21, 2014, 01:08:20 AM
http://www.vnbitcoin.org/bitcoincalculator.php


Title: Re: miner days to profitability? infinite - lol
Post by: elavenil on February 21, 2014, 07:47:28 AM
purchasing btc is better then purchasing miner


Title: Re: miner days to profitability? infinite - lol
Post by: libitum on February 21, 2014, 09:39:49 AM
calculators are accurate only for estimating the next 2 months. For any time longer, those are 100% wrong.

For a calculator estimate to be accurate in 2 years, it would require that all the surface of earth is covered with bitcoin miners, 90% of world electricity is dedicated for mining bitcoins, and for every dollar income in mining bitcoin, people pay $100 in electricity.