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Author Topic: is it still good to bitmine?  (Read 462 times)
tomwally11
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October 09, 2013, 09:51:21 PM
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Is it still profitable ? looking to get into but.readung that its not as profitable anymore ? anyone.have any advice and what sort of machine id need.

Thanks !
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honky1492
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October 09, 2013, 09:57:20 PM
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Is it still profitable ? looking to get into but.readung that its not as profitable anymore ? anyone.have any advice and what sort of machine id need.


Use some mining profitability calculator with predicted difficulty increases and see yourselves  Smiley

PS: I dont known of any profitable machine you can buy (or preorder Smiley)
wayneyoyo
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October 09, 2013, 09:58:33 PM
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i don think you can lose money on mining for long term
tomwally11
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October 09, 2013, 10:32:41 PM
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Ok thanks im on limited funds so im gonna get saving and give it a  go
marcotheminer
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October 09, 2013, 10:45:17 PM
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i don think you can lose money on mining for long term

you certainly CAN, difficulty WILL increase exponentially and continue to rise, therefore mining is close to not profitable at all UNLESS you have a very powerful miner (or several of them).

My opinion: Dont bother mining.
Open4lies
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October 09, 2013, 10:48:09 PM
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Ok thanks im on limited funds so im gonna get saving and give it a  go


Dont know if your kidding, but if not, you may buy
USB Block Erupters if your on limited funds.

Good luck  Cheesy

Edit: You might not get your BTC back, but it will be fun
HyperBeam
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October 09, 2013, 11:04:13 PM
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It's not very profitable anymore since the difficulty is increasing so quickly.
unotdog25
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October 10, 2013, 07:54:07 AM
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The short and sweet answer for you is no. Whoever said that you can't lose money in the long run is hugely mistaken.
Xenoph0bia
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October 10, 2013, 08:33:33 AM
 #9

Is it still profitable ? looking to get into but.readung that its not as profitable anymore ? anyone.have any advice and what sort of machine id need.

Thanks !


You need:
1. Free hashing machine
2. Free electricity
3. Profit
4.  Huh

netsurf83
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October 10, 2013, 12:56:55 PM
 #10

Yeah at the moment it is still good for the individual. That will likely change as more and more large enterprises are buying up hardware orders.


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