Bitcoin Forum

Yo guys,
I wanna know how much you guys make. I might start mining very soon but wanna know if it's worth it.

Anyways also if you have any suggestions tell me them! :D

Unless you already have hardware, don't even bother buying mining rigs now. With the advent of *ASIC miners, you will never pay new GPU's off, therefore never turn a profit. If you go the ASIC route yourself, that would be an option.

*ASIC == Application Specific Integrated Circuit, and will begin shipping in October by the hoards.

To answer your first question, I used to make 3-4BTC/day a year ago. Now, with difficulty rising, I make a little less than 1BTC per day. This is NOT *usually* profit, just what I mine in a day (Of course it IS however, all profit *for me* since my hardware was already purchased before I heard of Bitcoin in May '11), but is not typical for someone just starting into mining.

I hope this aids you in your decision to mine or not to mine...  :)

This is true! LTC is a little bit more profitable right now, but dificulty will be going up about 40% in less than two days.

http://allchains.info/index.html (http://allchains.info/index.html)

2.2-3.2 BTC / day sent straight to BST

I think theres more profit in trading, arbitrage and investing... :)

Pardon my ignorance, but what is BST?

I believe he's referring to Bitcoin savings & trust.

Got it.  Thanks!

You should be able to make just over 0.5BTC per day per GH/s at the current difficulty. I get 800MH/s and make ~0.45BTC/24hours at BTCGuild. Hashrate is approximate.

I don't mine so zero $.

Well, not much to be honest.

well, I started yesterday with pretty old pc and making like 0.15btc/day. Worth it? Well, I don't do much with this pc and it's anyway 247 open so why not? And my rent includes electricity.

I make 3 btc per day mining.

What kind of hardware are you using to get these values?

I've just started mining from a equipment I already had.
I only pull in about BTC0.3 a day in the first few days.

I feel I have a late start here and wondering if there might be a good opportunity to jump in with the ASIC stuff.

I've been mining for a long time but just recently registered an account on the forums.  I also get around .3 a day on good days, mining with my GPU during my idle time.

As far as the ASIC bit is concerned, if you're planning on jumping on that motion, I'd suggest doing it now.  Otherwise you'll be left behind while most people switching to ASICs are struggling to make what they make now after the switch.  It definitely isn't worth NOT getting your hands on at least one early on.

shit, people still mine?  :o

You should be able to make just over 0.5BTC per day per GH/s at the current difficulty. I get 800MH/s and make ~0.45BTC/24hours at BTCGuild. Hashrate is approximate.

I must be doing it wrong because my 3.1Gh/s gets me about .5BTC/day +/-
You might want to double check those numbers ;)

I guess your pool must be more lucky than others

10195.60 MH/s
Average speed in last 5 minutes= 0.88 BTC in last 24h

5353.40 MH/s
Average speed in last 5 minutes= 0.48 BTC in last 24h

I guess BTC 0.09 / GH/s in 24h is more realistic?

(OK compared yesterdays numbers, I get BTC 2.13 for 15.549 GH/s, BTC 0.14 in 24h should be normal)

I want in, but I'm not gonna pay for equipment untill I see diff level out. Especially with asic's coming around.

I hate sitting and playing videos on yt and waiting ..... since October.

I won't be paying 600 for a FPGA only getting 6gh and won't be buying a pre order until I see results in field when it has asics involved.

STAGNATION

$USD 600 worth of FPGA will only get you 800 MH/s

I am already filthy rich.

New car, caviar, four star daydream
Think I'll buy me a football team

Nah nah, na na naah...

How much can I get from mining bitcoins and litecoins if my pc can work at 0.8-1.0 Mhash/s?

Just asking  ;D

I think anyone who has the slightest understanding of Math knows that mining is a pretty stupid thing to do if you're in it to make money, I'm working on real products to sell for Bitcoin instead :D

Don't mine Bitcoin, make products and get money off the suckers miners who will ruin their computers doing the mining for you.

It's a great hobby :)

Hmmm. I'm new to this but it looks to me not worth it unless you got in early enough to make some profit and re-invest in serious hardware already.  >:( >:(

And you are right. Mining is not a get rich quick scheme. Same for bitcoin, it's not a get rich quick scheme. If someone came here expecting to become rich with his computer, well, he is totally wrong  :)

Without making any investments and using my computers I already own, I can get 0.1 BTC in ~3 days. Its not that optimal, you can't really make money without large upfront costs.

For some reason, constitution decided to copy my post and post it as his own half a year later and bump a dead thread. Those interested in an update, this is my new statement:

You should be able to make just over 0.155BTC per day per GH/s at the current difficulty.
see E11 on this doc for an exact number: https://docs.google.com/spreadsheet/ccc?key=0AlfvS-7vLyHjdGIyUjdDSFJsT2s5TWdIX3hNcWF5ckE#gid=0
I get 800-900MH/s and make probably ~0.12-0.13BTC/24hours on P2Pool. Hashrate is approximate and I have a 350MH/s decrease every time I game for the duration.
The last time I did actual calculations to check my income was last month. I took an average of my payouts for half a month from the middle of Dec. to the beginning of Jan. to check my payment average over 18 days. It was 0.138BTC/day at whatever the difficulty was at that point and my hashrate was closer to 900 at that time.

On a side note, for some reason, the last 4 payments I got through p2pool today were approx. 1.6x my normal payments and neither my hashrate nor the network's hashrate has changed significantly nor has the difficulty dropped.

ohh just noticed this now. When did I become a "full member" :)

yeah,  I get about 1.2-1.3 on 8ghash...  assuming $17 price and drop to 3m difficulty in a day, it'll be like $600 a month after electricity but before depreciation, labor, etc.

who using the VGA cards for mining should make off now

Just got back into mining after being out of it for about six months. Currently mining with poclbm on a Mac Pro running dual Radeon 5870s, which seems to be doing around 600 MH/s total. At BTC Guild, that apparently works out to about BTC0.10 a day. Presumably with a little tuning, and maybe some overclocking, I could get a bit higher. I have no idea yet if it's paying for the electricity it's using....

Thats about a 200 watt each card. 200 watts an hour and check your bill.

It's like 1.64 a day here in good olde Toronto. So 1.70 -1.64 = Zipcoins

Just note that mining kills the hardware. I've had to RMA a few of my old cards, and some cards I still have artefacts at stock clocks.

how many bitcoin do you think i could mine in one day on just a regular computer with nothing special?

zero

Assuming no notable graphics cards, about ฿0.02 per month using CPU. On a dual 5850 system, overclocked to the max, about ฿0.10 per day or ฿3.11 per month.