Bitcoin Forum
February 22, 2018, 05:43:37 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 [3]  All
  Print  
Author Topic: Is mining worth trying ?  (Read 1996 times)
Amph
Legendary
*
Online Online

Activity: 1792
Merit: 1001



View Profile
June 04, 2015, 12:04:56 PM
 #41

from my point of view, solo mining is no profitable anymore, is only profitable if you have cheap electricity, but you can always join in a pool, maybe thats the best chooise for you.

btw you can always rent some hw and use it, sometimes is a good idea Wink

cheap electricty wont help you solo mining, you need a pretty good damn equipments if you want to go with that route, we are now around 300p peta right?

without considering the diff, one should look at around 1 block per month at least, to begin with solo mining, this mean that at current diff you need around 80 tera or 70 antminers s5

70 antminers s5 are 70, cost 25k
1519321417
Hero Member
*
Offline Offline

Posts: 1519321417

View Profile Personal Message (Offline)

Ignore
1519321417
Reply with quote  #2

1519321417
Report to moderator
1519321417
Hero Member
*
Offline Offline

Posts: 1519321417

View Profile Personal Message (Offline)

Ignore
1519321417
Reply with quote  #2

1519321417
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
michinzx
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250


View Profile
June 04, 2015, 01:41:47 PM
 #42

from my point of view, solo mining is no profitable anymore, is only profitable if you have cheap electricity, but you can always join in a pool, maybe thats the best chooise for you.

btw you can always rent some hw and use it, sometimes is a good idea Wink

cheap electricty wont help you solo mining, you need a pretty good damn equipments if you want to go with that route, we are now around 300p peta right?

without considering the diff, one should look at around 1 block per month at least, to begin with solo mining, this mean that at current diff you need around 80 tera or 70 antminers s5

70 antminers s5 are 70, cost 25k

and even with 1 block a month solo mining, the breakeven point would be at least half a year even with free electricity, most likely a year with cheap electricity (realistically). But better miners are always being produced, and the difficulty will likely rise too, so the breakeven point might be even longer than 1 year.
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!