Bitcoin Forum

Other => Beginners & Help => Topic started by: baebygoodnight on April 23, 2014, 09:40:05 AM



Title: Bitcoin mining information
Post by: baebygoodnight on April 23, 2014, 09:40:05 AM
Hello,
Right now I am doing a research for school and I'm trying to find out what the demand of Bitcoin mining hardware is nowadays (I feel like this is hopeless...) It's pretty hard to find information regarding this and therefore I was hoping that maybe someone can help me out. I think a good starter would be to find out how many people are actually mining bitcoins. If there's anyone that can help me and has the time for it I will forever be grateful!
(I'm sorry if my English is bad.)


Title: Re: Bitcoin mining information
Post by: Dogtanian on April 23, 2014, 10:08:22 AM
Check out the mining section. Of course there is big demmand for mining and the equipment but it's not really profitable for begginers anymore.


Title: Re: Bitcoin mining information
Post by: pandacoin on April 23, 2014, 10:36:10 AM
All answers are in this forum. You just need to read them. If you want to mine Bitcoins you need powerful equipment. So, if you don't invest money in your pocket, you can't mine Bitcoins.


Title: Re: Bitcoin mining information
Post by: gagalady on April 23, 2014, 02:35:23 PM
Check out the mining section. Of course there is big demmand for mining and the equipment but it's not really profitable for begginers anymore.

Give me an example of a profitable mining now days with some calculations, thanks.


Title: Re: Bitcoin mining information
Post by: Tammy Chan on April 23, 2014, 03:08:36 PM
I think a good starter would be to find out how many people are actually mining bitcoins. If there's anyone that can help me and has the time for it I will forever be grateful!

You can find the total network hashrate easily, but it is hard to estimate the number of miners.
People could have a huge ASIC farm, or could have just a USB miner mining just for fun.


Title: Re: Bitcoin mining information
Post by: Dogtanian on April 23, 2014, 03:14:38 PM
Check out the mining section. Of course there is big demmand for mining and the equipment but it's not really profitable for begginers anymore.

Give me an example of a profitable mining now days with some calculations, thanks.

What do you mean?  ???


Title: Re: Bitcoin mining information
Post by: Tammy Chan on April 23, 2014, 03:17:15 PM
Check out the mining section. Of course there is big demmand for mining and the equipment but it's not really profitable for begginers anymore.

Give me an example of a profitable mining now days with some calculations, thanks.

What do you mean?  ???

I guess he wanted to say bitcoin mining is not profitable for everyone, not just beginners.


Title: Re: Bitcoin mining information
Post by: Garryashas on April 23, 2014, 03:20:39 PM
Check out the mining section. Of course there is big demmand for mining and the equipment but it's not really profitable for begginers anymore.

Give me an example of a profitable mining now days with some calculations, thanks.

What do you mean?  ???

I guess he wanted to say bitcoin mining is not profitable for everyone, not just beginners.

1 Ph/s with no electricity bills - I'd say - it looks profitable. :D


Title: Re: Bitcoin mining information
Post by: Tammy Chan on April 23, 2014, 03:28:37 PM
Check out the mining section. Of course there is big demmand for mining and the equipment but it's not really profitable for begginers anymore.

Give me an example of a profitable mining now days with some calculations, thanks.

What do you mean?  ???

I guess he wanted to say bitcoin mining is not profitable for everyone, not just beginners.

1 Ph/s with no electricity bills - I'd say - it looks profitable. :D

Probably not the case when you include the cost for the ASICs lol :D


Title: Re: Bitcoin mining information
Post by: pandacoin on April 23, 2014, 03:33:15 PM
If you have solar or wind system and you get free electricity, then I'm sure it would be really profitable.


Title: Re: Bitcoin mining information
Post by: Velkro on April 23, 2014, 03:59:14 PM
miners hide their secrets often


Title: Re: Bitcoin mining information
Post by: Zebra on April 23, 2014, 04:09:35 PM
miners hide their secrets often

You don't expect every miners to list their equipment online, don't you? :D