Bitcoin Forum
September 23, 2017, 06:01:55 AM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Difficulty increased  (Read 776 times)
ananas5
Newbie
*
Offline Offline

Activity: 28


View Profile
June 16, 2011, 02:11:40 AM
 #1

Do you think is it still worth to invest on hardware just to mine coins with it?

If you liked my post, you are free to donate: 17edqFhWUTMthCoLxXNzAxnes8roNLUcik
Thank you.
1506146515
Hero Member
*
Offline Offline

Posts: 1506146515

View Profile Personal Message (Offline)

Ignore
1506146515
Reply with quote  #2

1506146515
Report to moderator
1506146515
Hero Member
*
Offline Offline

Posts: 1506146515

View Profile Personal Message (Offline)

Ignore
1506146515
Reply with quote  #2

1506146515
Report to moderator
1506146515
Hero Member
*
Offline Offline

Posts: 1506146515

View Profile Personal Message (Offline)

Ignore
1506146515
Reply with quote  #2

1506146515
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1506146515
Hero Member
*
Offline Offline

Posts: 1506146515

View Profile Personal Message (Offline)

Ignore
1506146515
Reply with quote  #2

1506146515
Report to moderator
will580
Newbie
*
Offline Offline

Activity: 7


View Profile
June 16, 2011, 02:59:15 AM
 #2

It's all speculation really. People have been saying for a while now that in just a very short time it would be no longer worth it - yet it continues to be worth it. Which isn't to say it will be worth it for a long time, just that no one really knows or can even make an educated guess. That said, mining will always be borderline profitable at the least. While some people don't have to pay power bills, they are in the minority. So in some sense it will always be worth it (in the scenario that bitcoin remains used) depending on how patient you are.
os2sam
Legendary
*
Offline Offline

Activity: 2212


Think for yourself


View Profile
June 16, 2011, 05:04:43 AM
 #3

Do you think is it still worth to invest on hardware just to mine coins with it?

With governments/politicians spending money like drunken sailors which keeps weakening current currencies, BTC is a unique solution to that problem with a cap to how much currency can exist.

I think of it as a investment for the future.  It may not pay off for us, but will, possibly, for our posterity.
My 0.02 BTC worth,
Sam

A: Because it messes up the order in which people normally read text.
Q: Why is top-posting such a bad thing?
A: Top-posting.
Q: What is the most annoying thing on usenet and in e-mail?
Auspician
Member
**
Offline Offline

Activity: 112



View Profile
June 16, 2011, 05:17:41 AM
 #4

Naturally, you're better off upgrading GFX cards and power supplies in existing systems that can handle them.  As far as building entirely new systems, it might well be 4-6 months before you'll pay off your initial hardware investment.  Like any investment, it is important to only invest what you're willing to lose; mining BTCs just has the added benefit that you'll still have the hardware to sell or use if your mining venture doesn't pay off. 

Personally, I'm waiting with bated breath for the next couple of months to see if any government agency develops a method to interfere or shut down the network.
computerparts
Sr. Member
****
Offline Offline

Activity: 378



View Profile
June 16, 2011, 05:25:02 AM
 #5

Do you think is it still worth to invest on hardware just to mine coins with it?

If only I had a BTC for every time I saw this question
remssik
Jr. Member
*
Offline Offline

Activity: 37



View Profile
June 16, 2011, 06:32:22 AM
 #6

I'm sure it will be, and in that, more miners will inevitably join the market, leading to less profitability, leading to miners leaving, leading to more profitability, etc (see the loop?). All in all, it will go through phases, but will likely remain at least a decent source of income. 

Welp.
Pages: [1]
  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!