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Is it too late to mine Bitcoin ?
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Topic: Is it too late to mine Bitcoin ? (Read 1575 times)
roslinpl
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Re: Is it too late to mine Bitcoin ?
February 14, 2014, 11:41:17 PM
#21
Quote from: Mythul on February 04, 2014, 06:42:17 PM
Guys is it too late to get involved in Bitcoin mining ?
Its not too late it just need more hashrate :-)
unibean
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Re: Is it too late to mine Bitcoin ?
February 15, 2014, 12:05:48 AM
#22
Quote from: roslinpl on February 14, 2014, 11:41:17 PM
Quote from: Mythul on February 04, 2014, 06:42:17 PM
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
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Re: Is it too late to mine Bitcoin ?
February 15, 2014, 12:36:14 AM
#23
Why does the bitcoin's worth keep dropping and the mining difficulty keeps increasing?
cookiemonsterwhat
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Re: Is it too late to mine Bitcoin ?
February 15, 2014, 01:11:45 AM
#24
Quote from: fighter on February 15, 2014, 12:36:14 AM
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
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Re: Is it too late to mine Bitcoin ?
February 15, 2014, 10:05:55 AM
#25
Quote from: fighter on February 15, 2014, 12:36:14 AM
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
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Re: Is it too late to mine Bitcoin ?
February 15, 2014, 10:10:35 AM
#26
Quote from: cookiemonsterwhat on February 14, 2014, 11:38:14 PM
Quote from: D05GTO on February 14, 2014, 11:08:12 PM
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?
You can find some GPUs (both new and used) here.
https://bitcointalk.org/index.php?board=75.0
AndrewGucci
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Re: Is it too late to mine Bitcoin ?
February 15, 2014, 10:28:05 AM
#27
For BTC mining it is too late, unless you produce ASIC chips
roslinpl
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Re: Is it too late to mine Bitcoin ?
February 15, 2014, 05:13:05 PM
#28
It's not too late.
Just need more to invest that's all. People please, think
bluemist
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Re: Is it too late to mine Bitcoin ?
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
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Re: Is it too late to mine Bitcoin ?
February 15, 2014, 05:25:46 PM
#30
Not too late, hop on one of these:
SirLolicon
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Sound Engineer for Hire
Re: Is it too late to mine Bitcoin ?
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.
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