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Title: The price and time it takes to get Mining Gear Profitability Post by: Joshuar on March 05, 2014, 03:58:45 PM So I've seen a few(many) posts regarding people getting their mining equipment months, sometimes a year after they ordered it, by which then the difficulty to mine Bitcoin has already increased, rendering their bought mining rig useless. So, can someone please explain how much of a profit do they make off mining Bitcoin? How much did your rig/asics cost? How much Bitcoins do you make a day average? Is it possible to mine solo instead of in a pool and how much would it cost to do it efficiently?
Title: Re: The price and time it takes to get Mining Gear Profitability Post by: railzand on March 05, 2014, 04:37:15 PM So I've seen a few(many) posts regarding people getting their mining equipment months, sometimes a year after they ordered it, by which then the difficulty to mine Bitcoin has already increased, rendering their bought mining rig useless. So, can someone please explain how much of a profit do they make off mining Bitcoin? How much did your rig/asics cost? How much Bitcoins do you make a day average? Is it possible to mine solo instead of in a pool and how much would it cost to do it efficiently? not much. a lot. not many. yes and a hella lot. Title: Re: The price and time it takes to get Mining Gear Profitability Post by: xdigital on March 05, 2014, 06:03:04 PM The answer for your question is here
http://bitcoinwisdom.com/bitcoin/calculator Title: Re: The price and time it takes to get Mining Gear Profitability Post by: GhostPlayer on March 05, 2014, 06:26:10 PM Yes.
Title: Re: The price and time it takes to get Mining Gear Profitability Post by: Chucky1976 on March 05, 2014, 06:29:33 PM Yeah it doesn't pay near what you may think!!
Title: Re: The price and time it takes to get Mining Gear Profitability Post by: toxique on March 06, 2014, 07:42:06 AM Are there any advantages to mine solo instead of in a pool?
Title: Re: The price and time it takes to get Mining Gear Profitability Post by: minereu.com on March 06, 2014, 10:34:46 AM Are there any advantages to mine solo instead of in a pool? It's like fund manager VS index. If you are good enough, you will be able to beat the pool. Title: Re: The price and time it takes to get Mining Gear Profitability Post by: Bonio on March 06, 2014, 11:45:25 AM |Good enough or lucky enough ;)
Title: Re: The price and time it takes to get Mining Gear Profitability Post by: nonons on March 06, 2014, 05:07:17 PM no alt coin mining is profitable
Title: Re: The price and time it takes to get Mining Gear Profitability Post by: cloverme on March 06, 2014, 06:51:30 PM So I've seen a few(many) posts regarding people getting their mining equipment months, sometimes a year after they ordered it, by which then the difficulty to mine Bitcoin has already increased, rendering their bought mining rig useless. So, can someone please explain how much of a profit do they make off mining Bitcoin? How much did your rig/asics cost? How much Bitcoins do you make a day average? Is it possible to mine solo instead of in a pool and how much would it cost to do it efficiently? Xdigital had it right, there are calculators that will tell you when you will pay off your investment in hardware. I make a 90% profit return on mining after paying fixed expenses (power, etc). Mining equipment varied in price over time, from $5k to as little as $500 depending on when it was purchased. Focus on pooled mining, I don't know anyone who mines solo anymore. Title: Re: The price and time it takes to get Mining Gear Profitability Post by: minereu.com on March 06, 2014, 08:06:17 PM |Good enough or lucky enough ;) Actually, you are probably right :D Most fund managers are no better than index, but they convince their clients with “special” trading strategy. Title: Re: The price and time it takes to get Mining Gear Profitability Post by: jayson001 on March 11, 2014, 06:35:42 PM Title: Re: The price and time it takes to get Mining Gear Profitability Post by: jayson001 on March 11, 2014, 06:37:05 PM |Good enough or lucky enough ;) Actually, you are probably right :D Most fund managers are no better than index, but they convince their clients with “special” trading strategy. here is the website to for LTC calculation http://bitcoinwisdom.com/litecoin/calculator |