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wantjokull
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June 24, 2017, 02:22:40 PM |
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It's difficult because of many factors that you face during the mining. The very first is difficulty of network is getting weird Day by day as the number of miners are getting added. What I mean is when you add new miner in the process you actually increase the competition of mining the block. So this is we called as increased difficulty of network. The more is the difficulty the more hashrate you need to perform the mining.
Besides these problem, the most influencing factor is electricity which is costly and you need a lot of it while mining. Because the ratio of cost to mining block must be such that you should be able to cover the charges and gain the profit as well. So many factors like this are in the way when you mine.
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carlfebz2
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June 25, 2017, 02:51:20 AM |
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According to a Videcardz press release, both companies plan to release a version of their cards to satisfy the market for graphics cards made solely for mining.
Nvidia says it will launch a GeForce GTX 1060 with GP106-100 GPU, a custom edition for mining. This card would have no display connectors and probably will not support any games. According to our sources, these cards, unlike the normal editions, would have only 90 days of guarantee.
An AMD spokesperson:
The gaming market remains our top priority. We are beginning to realize that there is a solid demand for our Polaris-based offerings in today's mining and gaming markets, based on the strong performance we are delivering.
Yeah they already realized that crypto mining is increasing its demand on their gpu thats why they decide to make up their own mining gpu solely on that purpose and its good to hear that they wont really leave behind gaming industry since they are really earning money on this field and now they are extending on new field on crypto. Good step for them. |
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Rajamuda
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June 25, 2017, 07:27:04 AM |
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Maybe since the mines are many owned, already promising to be mined and give more profit. Certainly very profitable once in between time to get a satisfactory mine and able to encourage daily income. So happy mining.. make a mines being big income at everyday . It's happened now to the more peoples.
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siti25
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June 25, 2017, 05:13:15 PM |
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Maybe since the mines are many owned, already promising to be mined and give more profit. Certainly very profitable once in between time to get a satisfactory mine and able to encourage daily income. So happy mining.. make a mines being big income at everyday . It's happened now to the more peoples.
Yes because mine is now a day job, and that's great fun, in addition to some very hobbies picking up the miner's machine, and that too will be their flagship weapon in mined bitcoin they will be able to on each day |
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jekjekman
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June 26, 2017, 02:37:08 AM |
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Happy mining if you started early in but it is almost too hard to get a block nowadays if you just enter the scene because it is almost doubled the difficulty every month, happy to those who got budget in getting the best hardware to perform the greatest profit but for the small timers I think that is not happy at all.
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malcolml4
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June 27, 2017, 02:45:15 AM |
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I think the recent market has started to get worse,maybe there is no profit to mining.
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bileta
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June 27, 2017, 10:16:22 AM |
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Am new to bitcoin, please guys what is actually required interms of system specs and knowledge to effectively mine bitcoins
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mdnajir
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June 27, 2017, 03:59:50 PM |
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For me there is a little exhausting in mining as a result of we have a tendency to dont apprehend whether or not the sites area unit paying, however I saw conjointly additional individuals earning in several sites. I hope there is a positive mining already and no scam website.
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QuintLeo
Legendary
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Activity: 1498
Merit: 1030
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June 27, 2017, 06:41:32 PM |
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Am new to bitcoin, please guys what is actually required interms of system specs and knowledge to effectively mine bitcoins
ASIC-based miners took over Bitcoin mining years ago. Don't bother even thinking about it on any non-ASIC device unless you like to generate lots of heat and wasted electricity for pretty much ZERO return. |
I'm no longer legendary just in my own mind!
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1GYbjMTPdCuV7dci3iCUiaRrcNuaiQrVYY (Bitcoin)
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Nexillus
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June 28, 2017, 06:36:37 PM |
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Am new to bitcoin, please guys what is actually required interms of system specs and knowledge to effectively mine bitcoins
ASIC-based miners took over Bitcoin mining years ago. Don't bother even thinking about it on any non-ASIC device unless you like to generate lots of heat and wasted electricity for pretty much ZERO return. For bitcoin yes, but if you mine altcoin you can make a profit  |
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jekjekman
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June 28, 2017, 09:01:39 PM |
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Am new to bitcoin, please guys what is actually required interms of system specs and knowledge to effectively mine bitcoins
ASIC-based miners took over Bitcoin mining years ago. Don't bother even thinking about it on any non-ASIC device unless you like to generate lots of heat and wasted electricity for pretty much ZERO return. For bitcoin yes, but if you mine altcoin you can make a profit For you to mine Bitcoin in your house at this time will not make you any profit at all and worst you will eat up by the power consumption cost of your electricity. And the hardware that will need to mine Bitcoin now is not that cheap, incase you but the hardware it will take you a year or 2 and maybe more to get your return of investments. Much better and more profitable to mine altcoins nowadays and just convert it Bitcoins if you may. |
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Hui8
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July 06, 2017, 07:00:31 AM |
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It might be the case that hardware are getting costly now a days along with the electricity charges. The hash rate need be very much high to find a block. If you don’t find anything real soon after your set up then of course it is pain in the stomach to maintain the rig.
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chip211
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July 07, 2017, 04:29:05 AM |
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i think you should said soo crazy mining
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Asimmo
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July 07, 2017, 10:49:05 AM |
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as everything, high competition has eaten up a lot of opportunitiea..
Posted From bitcointalk.org Android App
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bmf2017
Newbie
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Activity: 13
Merit: 0
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July 07, 2017, 04:02:00 PM |
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Government Subsidy is not a profit. That is robbing one person to benefit another.
Government subsidy is the last thing we need in Bitcoin.
As to make a profit in Bitcoin one would have to mine and hold the coins until they increase in value. But that is hard to do with the amount of hardware required now.
isn't this in fact why such a huge amount of the hash power is in china, free or nearly free subsidized electricity? |
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Dazedconfused11
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July 08, 2017, 08:32:38 AM |
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I dunno I've never had success at it myself  |
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-ck
Legendary
Offline
Activity: 4088
Merit: 1631
Ruu \o/
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July 11, 2017, 10:37:37 PM |
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Attracting nothing but sigspammers now so I'm locking this thread.
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Developer/maintainer for cgminer, ckpool/ckproxy, and the -ck kernel
2% Fee Solo mining at solo.ckpool.org
-ck
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