what is mining difficulty

[mynameisdon]

i am junior in mining and want to purchase an hardware so before purchasing i want to know everything.
thanks

[lightfoot]

Don't.

[mynameisdon]

what do you mean by don't.
do you think i should not purchase...?why

[VirosaGITS]

i am junior in mining and want to purchase an hardware so before purchasing i want to know everything.
thanks

What is your budget, electricity cost, do you need a silent miner or you can handle something louder than a jetplane? Can you run it somewhere cool in a dedicated area?

Mining difficulty is simple. Mining diff = required Diff for a share to be worth a block. So if the diff double, your shares have 50% as much chance to be a block. TLDR 100% raise in diff reduce your income in BTC by 50%.

what do you mean by don't.
do you think i should not purchase...?why

Its a horrible horrible horrible time to buy in right now.

[lightfoot]

what do you mean by don't.
do you think i should not purchase...?why

Do not buy miners.

Why?

Because it is a "Queen's Race". Look it up. Because since bitcoin is a 100% fungible commodity it suffers from what is called "perfect competition". Look it up. Because since people already are losing and are mining to minimize losses this is a "dollar auction".

Buy an old miner for a few bucks to play, but do not think you will make profits.

[mark coins]

what do you mean by don't.
do you think i should not purchase...?why

you wont make profits from mining anymore, if you really want to try mining you can rent hashing powers on https://www.miningrigrentals.com/

[VirosaGITS]

what do you mean by don't.
do you think i should not purchase...?why

you wont make profits from mining anymore, if you really want to try mining you can rent hashing powers on https://www.miningrigrentals.com/

I make nice profits from mining. It really depend on your electricity costs. If OP give me the information i asked for, i could tell if yes or nots its possible.

[mynameisdon]

electricity fees is 0 here.now tell me btc mining will be profitable or not in any case?

[VirosaGITS]

electricity fees is 0 here.now tell me btc mining will be profitable or not in any case?

If you can get some S1's for 20$ or S3's for 40$ or S5's for 125$, then yeah. Because even though the difficulty is going to shit and the profits are dropping, since you would have no upkeep to pay, anything you return would be profit. Then yeah its possible to profit.

If you are in Canada i could have good deals for you. If not, might still be possible to help you find cheap hardware.

[BitMaxz]

electricity fees is 0 here.now tell me btc mining will be profitable or not in any case?

Yes it will be profitable if you buy a powerful asic miner try to buy ant miner s7 and i think you can make 1btc plus every month without electricity fee's.
Even the difficulty is high it will still profitable without electricity fee but i don't think so if the halving ends if you start to mine right now  then in 3 to 4 months you recovered all your money used to bought a s7 miner.. after that you can make your profit lifetime..

[VirosaGITS]

electricity fees is 0 here.now tell me btc mining will be profitable or not in any case?

Yes it will be profitable if you buy a powerful asic miner try to buy ant miner s7 and i think you can make 1btc plus every month without electricity fee's.
Even the difficulty is high it will still profitable without electricity fee but i don't think so if the halving ends if you start to mine right now  then in 3 to 4 months you recovered all your money used to bought a s7 miner.. after that you can make your profit lifetime..

Umm, no. A S7 is already under half a BTC per month and its going to drop to 0.4BTC per month or so next week. I would definitively recommend something much cheaper in $/GH/s.

Also even with free electricity, OP may not be able to runs S5/S7 at home because of the noise.

[Amph]

wait two 3 months, because next asic generation is on the way, purchasing right now it's not convenient at all you will never roi, with the low earning of the s7, which is the best miners...

16 nm will bring fresh air and boost the profit a bit, maybe even 2x

[gkv9]

wait two 3 months, because next asic generation is on the way, purchasing right now it's not convenient at all you will never roi, with the low earning of the s7, which is the best miners...

16 nm will bring fresh air and boost the profit a bit, maybe even 2x

Is this 16 nm thing going to be sold???
When I saw their initiative, I only read that either they are just going to use it themselves, or will only sell these chips to Corporate businesses...
If you think this will bring 2x profit, then what will its cost be???

[Amph]

wait two 3 months, because next asic generation is on the way, purchasing right now it's not convenient at all you will never roi, with the low earning of the s7, which is the best miners...

16 nm will bring fresh air and boost the profit a bit, maybe even 2x

Is this 16 nm thing going to be sold???
When I saw their initiative, I only read that either they are just going to use it themselves, or will only sell these chips to Corporate businesses...
If you think this will bring 2x profit, then what will its cost be???

it will be sold when it will become nearly obsolete as usual, the repeat the same pattern with each new generation of asic, nothing new

[gkv9]

wait two 3 months, because next asic generation is on the way, purchasing right now it's not convenient at all you will never roi, with the low earning of the s7, which is the best miners...

16 nm will bring fresh air and boost the profit a bit, maybe even 2x

Is this 16 nm thing going to be sold???
When I saw their initiative, I only read that either they are just going to use it themselves, or will only sell these chips to Corporate businesses...
If you think this will bring 2x profit, then what will its cost be???

it will be sold when it will become nearly obsolete as usual, the repeat the same pattern with each new generation of asic, nothing new

Which means that they are the ones who will profit before they start selling to everyone???
That's totally an unfair advantage to them as if they are to mine themselves only, why are they even bothering to sell these chips???