Bitcoin Forum
May 25, 2024, 08:17:17 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Is it too late to mine Bitcoin ?  (Read 1552 times)
roslinpl
Legendary
*
Offline Offline

Activity: 2226
Merit: 1199


Next Generation Web3 Casino


View Profile WWW
February 14, 2014, 11:41:17 PM
 #21

Guys is it too late to get involved in Bitcoin mining ?

Its not too late it just need more hashrate  :-)

█████████████▄▄▄▄▄▄▄█████▄
█████████████▄▀███████▄▄
███████▄▄████▀▄██▀▀█▀██▄▄▄██▄▄
█████▄████████████████▄▀█▄██████▄▄
████▀▄█▄█████████████████▄▀█████████▄
░▄█████████████████████▄▄▄██████████
█████████████████████████████████
▀████████████████████▀██████▌████
░▀████████████████████▀▄█▀███▀████
░░▀███████████▀████████▀▄███████
███▀█████████████▀██████████████
████▀████████████████▀██████████
█████▀██▀▀██████████████▀█████▀

██████    ██
██
██
██
██
██
██
██
██
██
██████████
       ▄▄▄██▄▄▄
    ▄███████████▄
    █████████████▄
   ███████████████
▄█████████████████▄
▀▀▀▀█████████████▀██
    ▀█████████████▄
    ▄▀█████████████▄
   █▀ ▀▀▀██████████▌
▐███    ▄█████████▀▀
 ▀▀     ▄█████▀▀
       ███▀▀
      ██▀

██████
██
██
██
██
██
██
██
██
██
██████
unibean
Newbie
*
Offline Offline

Activity: 36
Merit: 0


View Profile
February 15, 2014, 12:05:48 AM
 #22

Guys is it too late to get involved in Bitcoin mining ?

Its not too late it just need more hashrate  :-)

so it's too late ...to some extent
more hash-power=more investment(HW+power and money) to be considerd
fighter
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
February 15, 2014, 12:36:14 AM
 #23

Why does the bitcoin's worth keep dropping and the mining difficulty keeps increasing?
cookiemonsterwhat
Sr. Member
****
Offline Offline

Activity: 252
Merit: 250


View Profile
February 15, 2014, 01:11:45 AM
 #24

Why does the bitcoin's worth keep dropping and the mining difficulty keeps increasing?

The price is always up and down. As for the difficulty its daily, based upon the network being more secure.

If your asking for the recent drop, its based upon Mt.Gox`s incident and other exchanges due to a "unconfirmed transactions aka: double spending".

Sonny
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1000


View Profile
February 15, 2014, 10:05:55 AM
 #25

the mining difficulty keeps increasing?

Bitcoin difficulty adjusts itself every 2016 blocks, based on the total time taken to find the previous 2016 blocks.
The difficulty will keep increasing with more and more ASICs coming out to the market.
Sonny
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1000


View Profile
February 15, 2014, 10:10:35 AM
 #26

As you can see, the difficulty of mining has increased out of the normal users hands for BTC.  There are many alternative coins that you can mine now with GPU's and trade them for BTC.  

But, setting up GPU and everything how much is that? I dont have like $3,000 like some people are selling their rigs for..

You know where I can find, used GPU`s? besides ebay..

What is your budget?  Huh
You can find some GPUs (both new and used) here. https://bitcointalk.org/index.php?board=75.0
AndrewGucci
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
February 15, 2014, 10:28:05 AM
 #27

For BTC mining it is too late, unless you produce ASIC chips
roslinpl
Legendary
*
Offline Offline

Activity: 2226
Merit: 1199


Next Generation Web3 Casino


View Profile WWW
February 15, 2014, 05:13:05 PM
 #28

It's not too late.

Just need more to invest that's all. People please, think Smiley

█████████████▄▄▄▄▄▄▄█████▄
█████████████▄▀███████▄▄
███████▄▄████▀▄██▀▀█▀██▄▄▄██▄▄
█████▄████████████████▄▀█▄██████▄▄
████▀▄█▄█████████████████▄▀█████████▄
░▄█████████████████████▄▄▄██████████
█████████████████████████████████
▀████████████████████▀██████▌████
░▀████████████████████▀▄█▀███▀████
░░▀███████████▀████████▀▄███████
███▀█████████████▀██████████████
████▀████████████████▀██████████
█████▀██▀▀██████████████▀█████▀

██████    ██
██
██
██
██
██
██
██
██
██
██████████
       ▄▄▄██▄▄▄
    ▄███████████▄
    █████████████▄
   ███████████████
▄█████████████████▄
▀▀▀▀█████████████▀██
    ▀█████████████▄
    ▄▀█████████████▄
   █▀ ▀▀▀██████████▌
▐███    ▄█████████▀▀
 ▀▀     ▄█████▀▀
       ███▀▀
      ██▀

██████
██
██
██
██
██
██
██
██
██
██████
bluemist
Member
**
Offline Offline

Activity: 67
Merit: 10


View Profile WWW
February 15, 2014, 05:25:16 PM
 #29

BTC mining is a no go without a serious upfront investment. Much better off mining alts (and optionally selling them for BTC), and you can get started with a single GPU
Wendigo
Legendary
*
Offline Offline

Activity: 2604
Merit: 1036



View Profile
February 15, 2014, 05:25:46 PM
 #30

Not too late, hop on one of these:


SirLolicon
Sr. Member
****
Offline Offline

Activity: 322
Merit: 250

Sound Engineer for Hire


View Profile
February 15, 2014, 05:27:09 PM
 #31

Since there are already

"professional miners"

in the bitcoin mining sector, I'm afraid it's far too late for people who fell behind on bitcoin ever since 2012..
Well, unless you have a lot of GH/s in your hands, you may still actually make a profit. It's far too late for people even like me to mine now though.

Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!