 |
October 17, 2014, 06:37:04 AM |
|
Arithmetic isn't subject to someone's opinion. It is hard to generate bottom-line profits with mining *in the short term*, and that's even if you're very good. You need very cheap electricity, and enough capital to invest in the best hardware. Mining might be profitable for some, and unprofitable for others.
But long-term, mining is an investment in the transaction volume of the bitcoin network, not in your machine's ability to out-pace the electricity/difficulty/hasrate trifecta. Difficulty could be 10x what it is now, but if transaction volume is 1000x higher, then even those old Antminer S1's might be profitable again.
|
