How is mining successful nowadays

[Thetaj]

bitcoin is not profitable anymore. you should try altcoins. but if you will keep your bitcoins you can mine.

Bullsh**
For both BTC or altcoin mining only 2 things matter:
Cost of your electric
Being able to deal with the heat and noise produced

Cover those 2 things and you are Golden. The >US$8k/mo in gross revenue my 240THs farm makes is hardly chicken feed.

It is if you think about it. With the money invested, I'm pretty sure you make roughly the same ratio with a Chicken farm. Also, Chicken farm requirements are pretty much almost the same as Bitcoin mines.

[1715076711]

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[1715076711]

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[Fredomago]

bitcoin is not profitable anymore. you should try altcoins. but if you will keep your bitcoins you can mine.

Bullsh**
For both BTC or altcoin mining only 2 things matter:
Cost of your electric
Being able to deal with the heat and noise produced

Cover those 2 things and you are Golden. The >US$8k/mo in gross revenue my 240THs farm makes is hardly chicken feed.

It is if you think about it. With the money invested, I'm pretty sure you make roughly the same ratio with a Chicken farm. Also, Chicken farm requirements are pretty much almost the same as Bitcoin mines.

its always depends on how you assess and calculate expenses over gains, from where am i right now i knew it will take me a year before i can
roi from mining i'm sure it will be our decision whether to proceed and who knows from that time frame the mined alts already value a lot
by the way mining some eth and dcr.

[NotFuzzyWarm]

bitcoin is not profitable anymore. you should try altcoins. but if you will keep your bitcoins you can mine.

Bullsh**
For both BTC or altcoin mining only 2 things matter:
Cost of your electric
Being able to deal with the heat and noise produced

Cover those 2 things and you are Golden. The >US$8k/mo in gross revenue my 240THs farm makes is hardly chicken feed.

It is if you think about it. With the money invested, I'm pretty sure you make roughly the same ratio with a Chicken farm. Also, Chicken farm requirements are pretty much almost the same as Bitcoin mines.

Define 'Money invested". In 2014 I invested a total of US$8k cash to buy my first few miners. That was recovered in less than 1 year. All expansion and upgrades since then have been paid directly from farm income and generally the farm pays for a new miner in 1-2 weeks. Yes the BTC spent on new miners probably totals well over $100k but that did not come out of my pocket - came directly from my BTC receiving wallet with a very tidy amount of profit on top of that. Now that I've stopped growing for a bit BTC is piling up rather quickly....

So just *how* is that not being profitable?

[QuintLeo]

bitcoin is not profitable anymore. you should try altcoins. but if you will keep your bitcoins you can mine.

Bullsh**
For both BTC or altcoin mining only 2 things matter:
Cost of your electric
Being able to deal with the heat and noise produced

Cover those 2 things and you are Golden. The >US$8k/mo in gross revenue my 240THs farm makes is hardly chicken feed.

It is if you think about it. With the money invested, I'm pretty sure you make roughly the same ratio with a Chicken farm. Also, Chicken farm requirements are pretty much almost the same as Bitcoin mines.

 Does your chicken farm use these type coops?

http://www.datacenterdynamics.com/content-tracks/design-build/yahoos-compute-coop-is-not-for-chickens/93474.fullarticle

[reflector]

bitcoin is not profitable anymore. you should try altcoins. but if you will keep your bitcoins you can mine.

Bullsh**
For both BTC or altcoin mining only 2 things matter:
Cost of your electric
Being able to deal with the heat and noise produced

Cover those 2 things and you are Golden. The >US$8k/mo in gross revenue my 240THs farm makes is hardly chicken feed.

It is if you think about it. With the money invested, I'm pretty sure you make roughly the same ratio with a Chicken farm. Also, Chicken farm requirements are pretty much almost the same as Bitcoin mines.

its always depends on how you assess and calculate expenses over gains, from where am i right now i knew it will take me a year before i can
roi from mining i'm sure it will be our decision whether to proceed and who knows from that time frame the mined alts already value a lot
by the way mining some eth and dcr.

That can be used to calculate the profit with the mining calculator. I don't know what you are trying say about. If we need to speak about profit in mining digital coins. Nowadays altcoins mining is giving more profit than we do mining for altcoins.

[Philopolymath]

What do you consider a "success"

The way mining is successful today!
Is THE SAME WAY it was successful YESTERDAY.
And WILL BE THE SAME WAY IT WILL BE SUCCESSFUL IN THE FUTURE.

You are already a loser if you equate success with PROFIT...they have absolutely NO relation to each other and are often mutually exclusive.

[aquapanic]

It's not totally ridiculous to assume that people want to mine for profit and measure the success of a mining operation in profit/loss. That said, gold rushing and FOMO are the keys to getting yourself delusionally killed by market events. You may have to run your rigs for a year or more to make your money back - that is unless you're in the lucky position to buy the first batch of a new algo asic and you get a little lucky w/ shipping time, difficulty, and coin price. Being in a position to make that kind of order though and continue updating equipment, cutting power costs, underclocking/undervolting - is a place worth being.

[Wipro]

What do you consider a "success"

The way mining is successful today!
Is THE SAME WAY it was successful YESTERDAY.
And WILL BE THE SAME WAY IT WILL BE SUCCESSFUL IN THE FUTURE.

You are already a loser if you equate success with PROFIT...they have absolutely NO relation to each other and are often mutually exclusive.

Without giving information, here you are started giving philosophy about mining. Early time there are lot of GPU miners only take part in mining process, Now ASIC miners are good and best miners to make profit. I do prefer avalon or Antminer D3 or S9 to implement the mining rigs in home or other locations.

[Bingooop]

bitcoin is not profitable anymore. you should try altcoins. but if you will keep your bitcoins you can mine.

What benefits does this have against bitcoins

[rockie2000]

I still do GPU mining though it only earns a few dollars per day. Hope that BTC price will go up. Buying new ASICs seems quite risky now since they only take pre-orders...

[murzame]

If you want to be a very successful miner, you should think out of the box and mine altcoins which doesnt have so much difficult and where you can get a lot of coins, after a year you can sell it for a triple price!