Bitcoin Forum
November 13, 2024, 02:18:02 PM *
News: Check out the artwork 1Dq created to commemorate this forum's 15th anniversary
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: is it still good to bitmine?  (Read 577 times)
tomwally11 (OP)
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
October 09, 2013, 09:51:21 PM
 #1

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 !
honky1492
Member
**
Offline Offline

Activity: 118
Merit: 10


View Profile
October 09, 2013, 09:57:20 PM
 #2

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
Hero Member
*****
Offline Offline

Activity: 606
Merit: 500


View Profile
October 09, 2013, 09:58:33 PM
 #3

i don think you can lose money on mining for long term
tomwally11 (OP)
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
October 09, 2013, 10:32:41 PM
 #4

Ok thanks im on limited funds so im gonna get saving and give it a  go
marcotheminer
Legendary
*
Offline Offline

Activity: 2072
Merit: 1049


┴puoʎǝq ʞool┴


View Profile
October 09, 2013, 10:45:17 PM
 #5

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
Sr. Member
****
Offline Offline

Activity: 552
Merit: 250


View Profile
October 09, 2013, 10:48:09 PM
 #6

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


░░░░░░░░░░░░░░░░░░░░▄▄
░░░░░░░░░░░░░░░░░░░░████▄▄
░░░░░░░░░▄▄░░░░░░░░░████████
░░░░░▄▄██████▄▄░░░░░███████████▄▄
░▄▄██████████████▄▄███████████████▄
░▀▀██████████████▀▀░░░▀▀████████████
██▄▄▀▀██████▀▀░░░░░░░░░░░▀▀████████
██████▄▄▀▀░░░░░░░░░░░░░░░░░░▀███████
████████░░░░░░░░░▄▄▄░░░░░░░░░░░▀▀███
████████░░░░░▄▄███████▄▄░░░░░███▄▄░░▀
████████░░░███████████████░░░███████▄
░░▀▀████░░░░░▀▀███████▀▀░░░░░████████
██▄▄░░▀▀░░░░░░░░░▀▀▀░░░░░░░░░████████
██████▄▄░░░░░░░░░░░░░░░░░▄▄░░▀███████
████████░░░░░░░░░░░░░▄▄██████▄▄▀▀███
██████████▄▄░░░░▄▄██████████████▄▄
██████████████▄▄▀▀██████████████▀▀
░░▀▀████████████░░░░▀▀██████▀▀
░░░░░░▀▀████████░░░░░░░░▀▀
░░░░░░░░░▀▀██████
░░░░░░░░░░░░░▀▀██
OATH

████▀
███▀  ▀
██▀  ▀
█▀  ▀
▀  ▀
▄  ▄
█▄  ▄
██▄  ▄
███▄  ▄
████▄


▀████
▀  ▀███
▀  ▀██
▀  ▀█
▀  ▀
▄  ▄
▄  ▄█
▄  ▄██
▄  ▄███
▄████


             ▄████▄▄   ▄
█▄          ██████████▀▄
███        ███████████▀
▐████▄     ██████████▌
▄▄██████▄▄▄▄█████████▌
▀████████████████████
  ▀█████████████████
  ▄▄███████████████
   ▀█████████████▀
    ▄▄█████████▀
▀▀██████████▀
    ▀▀▀▀▀


                   ▄▄████
              ▄▄████████▌
         ▄▄█████████▀███
    ▄▄██████████▀▀ ▄███▌
▄████████████▀▀  ▄█████
▀▀▀███████▀   ▄███████▌
      ██    ▄█████████
       █  ▄██████████▌
       █  ███████████
       █ ██▀ ▀██████▌
       ██▀     ▀████
                 ▀█▌


█▄▄              █▄▄
█████▄▄         ██████▄▄
████████       ████████ █
████████ ██   ████████ ██
████████ ███ ████████ ███
████████ ████ ██████ ████
████████ █████ ████ █████
████████ ▀█████ ██ ██████
████████    ▀▀██  ███████
▀███████         ▀███████
   ▀▀███            ▀▀███
       ▀                ▀
HyperBeam
Member
**
Offline Offline

Activity: 64
Merit: 10


View Profile
October 09, 2013, 11:04:13 PM
 #7

It's not very profitable anymore since the difficulty is increasing so quickly.
unotdog25
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
October 10, 2013, 07:54:07 AM
 #8

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
Hero Member
*****
Offline Offline

Activity: 966
Merit: 501



View Profile
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
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
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.


Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!