want to start mining

[gkv9]

if mining is not profitable then why are the big companys or industrys are doing it now and also china is doing it in big scale too isnt it i thought mining is just getting difficult these days so i should switch to trading now hope that brings me a good profit and a good grip on money

My electricity cost is higher than $0.2/kWh, so I do not mine. It is not profitable at all for me.

there is some profit you can do with a s7, a s7 can produce almost one btc, now a little less because of the recent diff increase, 0.75, which is $360

at 0.2 electricity your consumption per month is $180, so your net profit is still $180 per month

Looking at calculators, it looks like at the CURRENT rate, with zero electricity, break-even would be 11 months. Starting next month, that jumps up to 13-14 months. The next month it jumps up to 17 months, and this pattern continues. The chances of breaking even are almost non-existent, especially when you consider how quickly new hardware is being created/added.

no , don't fall for the "% diff increase each month", it's not working like that, the diff will settle at the same ratio as it was before, there will be no always the same increase as the last one

so the next diff increase will not be + 13% or something, but much lower, and with free electricity your earning would be $360 a month which mean 5 months roi not 11, S7 cost only 3 btc on bitman

But what's the guarantee that after halving takes place, the profitability will be the same???
Even if the calculators ain't right, we can't assume exactly as to what we will be getting in the future based on the uncertainty it possesses...

[1714174861]

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[1714174861]

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[1714174861]

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[1714174861]

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[lahm-44]

if mining is not profitable then why are the big companys or industrys are doing it now and also china is doing it in big scale too isnt it i thought mining is just getting difficult these days so i should switch to trading now hope that brings me a good profit and a good grip on money

My electricity cost is higher than $0.2/kWh, so I do not mine. It is not profitable at all for me.

there is some profit you can do with a s7, a s7 can produce almost one btc, now a little less because of the recent diff increase, 0.75, which is $360

at 0.2 electricity your consumption per month is $180, so your net profit is still $180 per month

Looking at calculators, it looks like at the CURRENT rate, with zero electricity, break-even would be 11 months. Starting next month, that jumps up to 13-14 months. The next month it jumps up to 17 months, and this pattern continues. The chances of breaking even are almost non-existent, especially when you consider how quickly new hardware is being created/added.

no , don't fall for the "% diff increase each month", it's not working like that, the diff will settle at the same ratio as it was before, there will be no always the same increase as the last one

so the next diff increase will not be + 13% or something, but much lower, and with free electricity your earning would be $360 a month which mean 5 months roi not 11, S7 cost only 3 btc on bitman

But what's the guarantee that after halving takes place, the profitability will be the same???
Even if the calculators ain't right, we can't assume exactly as to what we will be getting in the future based on the uncertainty it possesses...

predicting futuer is just like finding a true love we can hardly say what will be the right number in the future with this increasing difficulty and if we anyhow can mine at a constant rate then i am sure we can solve some big mining problems which are effecting the mining

[Amph]

if mining is not profitable then why are the big companys or industrys are doing it now and also china is doing it in big scale too isnt it i thought mining is just getting difficult these days so i should switch to trading now hope that brings me a good profit and a good grip on money

My electricity cost is higher than $0.2/kWh, so I do not mine. It is not profitable at all for me.

there is some profit you can do with a s7, a s7 can produce almost one btc, now a little less because of the recent diff increase, 0.75, which is $360

at 0.2 electricity your consumption per month is $180, so your net profit is still $180 per month

Looking at calculators, it looks like at the CURRENT rate, with zero electricity, break-even would be 11 months. Starting next month, that jumps up to 13-14 months. The next month it jumps up to 17 months, and this pattern continues. The chances of breaking even are almost non-existent, especially when you consider how quickly new hardware is being created/added.

no , don't fall for the "% diff increase each month", it's not working like that, the diff will settle at the same ratio as it was before, there will be no always the same increase as the last one

so the next diff increase will not be + 13% or something, but much lower, and with free electricity your earning would be $360 a month which mean 5 months roi not 11, S7 cost only 3 btc on bitman

But what's the guarantee that after halving takes place, the profitability will be the same???
Even if the calculators ain't right, we can't assume exactly as to what we will be getting in the future based on the uncertainty it possesses...

nothing, but if the demand remain the same, it will be profitable for the miners to mine, this is certain, the price already increase 2x, which is exactly what you need to face the halving

the efficiency will take care of the diff increase

[Kevinatin]

if mining is not profitable then why are the big companys or industrys are doing it now and also china is doing it in big scale too isnt it i thought mining is just getting difficult these days so i should switch to trading now hope that brings me a good profit and a good grip on money

My electricity cost is higher than $0.2/kWh, so I do not mine. It is not profitable at all for me.

there is some profit you can do with a s7, a s7 can produce almost one btc, now a little less because of the recent diff increase, 0.75, which is $360

at 0.2 electricity your consumption per month is $180, so your net profit is still $180 per month

Looking at calculators, it looks like at the CURRENT rate, with zero electricity, break-even would be 11 months. Starting next month, that jumps up to 13-14 months. The next month it jumps up to 17 months, and this pattern continues. The chances of breaking even are almost non-existent, especially when you consider how quickly new hardware is being created/added.

no , don't fall for the "% diff increase each month", it's not working like that, the diff will settle at the same ratio as it was before, there will be no always the same increase as the last one

so the next diff increase will not be + 13% or something, but much lower, and with free electricity your earning would be $360 a month which mean 5 months roi not 11, S7 cost only 3 btc on bitman

But what's the guarantee that after halving takes place, the profitability will be the same???
Even if the calculators ain't right, we can't assume exactly as to what we will be getting in the future based on the uncertainty it possesses...

nothing, but if the demand remain the same, it will be profitable for the miners to mine, this is certain, the price already increase 2x, which is exactly what you need to face the halving

the efficiency will take care of the diff increase

If you have efficient miners, you are OK with the difficulty rise. Just halve the revenue. You might be still profitable. If you do not have efficient miners, you will make a loss.

[Hash72]

I checked the date of this post before deciding to reply. To be honest, it is not worth mining with a computer anymore. So, let's ignore the possibility of mining with phone. Nowadays, large companies is mining Bitcoin in a large farm with hundreds of mining hardware. It costs a lot of electricity to mine Bitcoin. In other to sucess, one need to be faster than the competitors. With a 2.8 GHz processor and 500 kbps internet connection, you cannot get anywhere near 1 BTC profit. Check Amazon.com for some cheap mining hardware and learn how to use them.

If your friend and you really want to mine Bitcoin on this computer, try some new Altcoin that is easy to mine.

Totally agree mining BTC  these days is very hard than you imaging so if you and your friend want to do it ,  you have to invest some money on it (i mean alot ).

I think you have to follow the advise jacktheking if you insist to mine (Mine new good ALT coins ) other wise invest in buying BTC.

[RyanLiang]

If you have graphics card, and want to try mining. You can mine Ethereum. The price has risen a lot recently.

[socks435]

If you have graphics card, and want to try mining. You can mine Ethereum. The price has risen a lot recently.

I  think there is no profitable mining in this year but if you have free electricity you can make a profit.
About the ethereum how much if you convert it to satoshi?

[gkv9]

if mining is not profitable then why are the big companys or industrys are doing it now and also china is doing it in big scale too isnt it i thought mining is just getting difficult these days so i should switch to trading now hope that brings me a good profit and a good grip on money

My electricity cost is higher than $0.2/kWh, so I do not mine. It is not profitable at all for me.

there is some profit you can do with a s7, a s7 can produce almost one btc, now a little less because of the recent diff increase, 0.75, which is $360

at 0.2 electricity your consumption per month is $180, so your net profit is still $180 per month

Looking at calculators, it looks like at the CURRENT rate, with zero electricity, break-even would be 11 months. Starting next month, that jumps up to 13-14 months. The next month it jumps up to 17 months, and this pattern continues. The chances of breaking even are almost non-existent, especially when you consider how quickly new hardware is being created/added.

no , don't fall for the "% diff increase each month", it's not working like that, the diff will settle at the same ratio as it was before, there will be no always the same increase as the last one

so the next diff increase will not be + 13% or something, but much lower, and with free electricity your earning would be $360 a month which mean 5 months roi not 11, S7 cost only 3 btc on bitman

But what's the guarantee that after halving takes place, the profitability will be the same???
Even if the calculators ain't right, we can't assume exactly as to what we will be getting in the future based on the uncertainty it possesses...

nothing, but if the demand remain the same, it will be profitable for the miners to mine, this is certain, the price already increase 2x, which is exactly what you need to face the halving

the efficiency will take care of the diff increase

But efficiency decreases with the increase in difficulty and as time passes...
I guess there are no miners which run at a stable TH/s provided at sites they are purchased from, for more than 7 - 8 months, so the possibility to profit decreases with the decrease in efficiency...

[Nathland]

if mining is not profitable then why are the big companys or industrys are doing it now and also china is doing it in big scale too isnt it i thought mining is just getting difficult these days so i should switch to trading now hope that brings me a good profit and a good grip on money

My electricity cost is higher than $0.2/kWh, so I do not mine. It is not profitable at all for me.

there is some profit you can do with a s7, a s7 can produce almost one btc, now a little less because of the recent diff increase, 0.75, which is $360

at 0.2 electricity your consumption per month is $180, so your net profit is still $180 per month

Looking at calculators, it looks like at the CURRENT rate, with zero electricity, break-even would be 11 months. Starting next month, that jumps up to 13-14 months. The next month it jumps up to 17 months, and this pattern continues. The chances of breaking even are almost non-existent, especially when you consider how quickly new hardware is being created/added.

no , don't fall for the "% diff increase each month", it's not working like that, the diff will settle at the same ratio as it was before, there will be no always the same increase as the last one

so the next diff increase will not be + 13% or something, but much lower, and with free electricity your earning would be $360 a month which mean 5 months roi not 11, S7 cost only 3 btc on bitman

But what's the guarantee that after halving takes place, the profitability will be the same???
Even if the calculators ain't right, we can't assume exactly as to what we will be getting in the future based on the uncertainty it possesses...

nothing, but if the demand remain the same, it will be profitable for the miners to mine, this is certain, the price already increase 2x, which is exactly what you need to face the halving

the efficiency will take care of the diff increase

But efficiency decreases with the increase in difficulty and as time passes...
I guess there are no miners which run at a stable TH/s provided at sites they are purchased from, for more than 7 - 8 months, so the possibility to profit decreases with the decrease in efficiency...

I think profitability decreases with increasing difficulty. If you have high electricity price, your new miner will last just a few months.

[kattekop]

Even if you paid a decent cloud mining site to avoid electricity costs a lifetime contract, you will never get even. That's right, China will eat you alive. I my own, am facing it now. What happens is, the rewards you get from it, dwindle down, until nothingness.

You have been informed.

[Decoded]

HAH. HAH. HAHAHA.

OK, was this a troll, or are you being serious? You're calling yourself a noob? This friend of yours wants to mine with a lemon! xD

If you want to make 5 satoshis a day, by all means, go ahead. Don't come crying when you find out that the lemon has died from the strain, or that your power bill is somewhere like 500 satoshis a day.

My download speed here in Australia is 32 Mbps 

[Decoded]

if mining is not profitable then why are the big companys or industrys are doing it now and also china is doing it in big scale too isnt it i thought mining is just getting difficult these days so i should switch to trading now hope that brings me a good profit and a good grip on money

My electricity cost is higher than $0.2/kWh, so I do not mine. It is not profitable at all for me.

there is some profit you can do with a s7, a s7 can produce almost one btc, now a little less because of the recent diff increase, 0.75, which is $360

at 0.2 electricity your consumption per month is $180, so your net profit is still $180 per month

Looking at calculators, it looks like at the CURRENT rate, with zero electricity, break-even would be 11 months. Starting next month, that jumps up to 13-14 months. The next month it jumps up to 17 months, and this pattern continues. The chances of breaking even are almost non-existent, especially when you consider how quickly new hardware is being created/added.

no , don't fall for the "% diff increase each month", it's not working like that, the diff will settle at the same ratio as it was before, there will be no always the same increase as the last one

so the next diff increase will not be + 13% or something, but much lower, and with free electricity your earning would be $360 a month which mean 5 months roi not 11, S7 cost only 3 btc on bitman

But what's the guarantee that after halving takes place, the profitability will be the same???
Even if the calculators ain't right, we can't assume exactly as to what we will be getting in the future based on the uncertainty it possesses...

nothing, but if the demand remain the same, it will be profitable for the miners to mine, this is certain, the price already increase 2x, which is exactly what you need to face the halving

the efficiency will take care of the diff increase

But efficiency decreases with the increase in difficulty and as time passes...
I guess there are no miners which run at a stable TH/s provided at sites they are purchased from, for more than 7 - 8 months, so the possibility to profit decreases with the decrease in efficiency...

I think profitability decreases with increasing difficulty. If you have high electricity price, your new miner will last just a few months.

The increased difficulty will cause a more strained demand, which in turn will fight until maybe even 2x the current price. Then miners will earn the same amount as they do now (in fiat) and people can purchase the same amount of BTC as they used to (in fiat).

[kattekop]

Google knows how to make a lemon battery, lol
I invested 0.30 BTC in mining, got some results of roughly 60000 satoshis a day, but this is months ago. Now my rewards are like 4000 sats a day.

What about a Smartflower for your garden? ( www.smartflower.com ).
Still expensive now, but you always get solar energy during the day.

[avw1982]

If you have graphics card, and want to try mining. You can mine Ethereum. The price has risen a lot recently.

I  think there is no profitable mining in this year but if you have free electricity you can make a profit.
About the ethereum how much if you convert it to satoshi?

To reduce the charge of electricity means You could have go for Solar panel miners. That you can easily find in EBay and amazon through online purchase.
European markets you can purchase easily.

[arbitrage]

Follow those announcements on altcoin scene, you can find  from time to time new coins that can be mined only with cpu or hdd ..Do your homework and read.

[calkob]

You can still mine other coins and then trade them for Bitcoin, i currently mine ether and get about 0.09BTC per month

Mine with a lemon???  haha gives me an idea, i might use my hamster to power a dynamo from his wheel, actually i might get him a few friends to help out....

[HeroCat]

So called home BTC mining is not profitable, better sign up with good BTC mining site and invest some BTC 

[ghostwriter-65]

Maybe you should try cloudmining because some cloudmining sites are actully giving profit but dont fall in any scam

[Dekker3D]

Maybe you should try cloudmining because some cloudmining sites are actully giving profit but dont fall in any scam

But the difficulty increase are dwindling the earnings every few weeks or so and we are so many weeks away from halving still.

[Nathland]

Maybe you should try cloudmining because some cloudmining sites are actully giving profit but dont fall in any scam

But the difficulty increase are dwindling the earnings every few weeks or so and we are so many weeks away from halving still.

If the difficulty rises 7% each 14 days, the difficulty will double each 140 days. So it is equivalent to halving every 140 days.