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Title: Hey Post by: zero915 on April 10, 2014, 08:03:31 PM Hello I wanna get started on mining and sign up for mining contracts does 200/gh for 24 hours sound like a good deal? I'll only be paying 10 dollars
Title: Re: Hey Post by: byt411 on April 11, 2014, 12:34:25 AM Hello I wanna get started on mining and sign up for mining contracts does 200/gh for 24 hours sound like a good deal? I'll only be paying 10 dollars 200GH/s in 24 hours will earn you 0.01643559BTC, or $5.73 at current exchange rate. Does that sound like a good deal to you? Also, exchange rate should fall a bit more. Title: Re: Hey Post by: ChuckBuck on April 11, 2014, 06:55:48 PM Hello I wanna get started on mining and sign up for mining contracts does 200/gh for 24 hours sound like a good deal? I'll only be paying 10 dollars Nope, not at all. $10 dollars and you still lose out on roughly $3 dollars. None of those 24 hour mining contracts are worth it at all. Better to just buy BTC at the moment. Title: Re: Hey Post by: kthejung on April 17, 2014, 12:57:56 AM use this calculator when making decisions about mining https://cex.io/calc. Mining is generally not profitable. Profit, in mining, is about getting more coins than what you started with; it is not about making more money(fiat) than you started with. When you understand this, then you understand mining.
Title: Re: Hey Post by: zero915 on April 21, 2014, 04:21:43 AM I see:o thanks guys!
Title: Re: Hey Post by: precrime3 on April 21, 2014, 04:28:36 PM Mining > Sometimes at best profitable.
Cloud Mining > JUst finnicky, don't trust it. PBmining seems cheaper than hardware but idk..... Buy some coins for $10. Thats like a litecoin, those ought to go up with time. |