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Author Topic: In 2017, Is a $400 ASIC miner still profitable?  (Read 4419 times)
coolcoinz
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April 02, 2017, 08:24:07 PM
 #21

I used to mine a bit, testing different USB miners and my own computer (CPU mining) and got bored with maintaining it all for just cents. Mining is for two kinds of people. One is hardware geeks, that treat it as a hobby and like maintaining it and tinkering, even if they're earning very little. The other one is professionals, able to rent a airplane hangar and fill it with machines worth hundreds of thousands USD. If you're none of them and want to earn, forget about mining and buy Bitcoin.

buwaytress
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April 09, 2017, 02:01:06 PM
 #22

Assuming you are talking about an SHA256 miner, yes it can be profitable if you have the patience and don't mind entering the morally grey territory of mining ninja launched SHA256 altcoins. One out of 100 of those may end up being legit, most are just short lived shitcoins. Unless you have very cheap electricity it is doubtful that mining BTC with it will gain you your ROI.

Good point you've raised. Almost any "home miner" I have come across are ninja mining any number of sudden-rise alts. If you even take the time to look back old threads, you might see that some of today's crazy pump alts were mined months or over a year ago. I'm beginning to think even the lousy prices most will only ever get for a few days seems worth it for those miners.

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isoneguy
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April 09, 2017, 03:38:59 PM
 #23

Assuming you are talking about an SHA256 miner, yes it can be profitable if you have the patience and don't mind entering the morally grey territory of mining ninja launched SHA256 altcoins. One out of 100 of those may end up being legit, most are just short lived shitcoins. Unless you have very cheap electricity it is doubtful that mining BTC with it will gain you your ROI.

Good point you've raised. Almost any "home miner" I have come across are ninja mining any number of sudden-rise alts. If you even take the time to look back old threads, you might see that some of today's crazy pump alts were mined months or over a year ago. I'm beginning to think even the lousy prices most will only ever get for a few days seems worth it for those miners.

I've been making a killing homemining on nicehash alone...not sure what everyone else is doing wrong.
cybersofts
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April 10, 2017, 04:12:31 PM
 #24

Use this simple bitcoins calculator and calculate the profit:

Code:
https://99bitcoins.com/bitcoin-mining-calculator/

Thank you for understanding.

My regards,
cybersofts

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