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Author Topic: Future Of mining in the Cloud  (Read 2336 times)
ishkur
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October 16, 2013, 05:20:06 PM
 #21

Like he says, I WILL make roi..it is just a matter of time. But I am pretty sure the share price will be much lower by then.. how ever, I have gotten my 4 btc back and might sell shares for half or someth.

You'd be very lucky to sell your shares for 1/2 of what you paid for them.

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There are several different types of Bitcoin clients. Hybrid server-assisted clients like Electrum get a lot of their network information from centralized servers, but they also check the server's results using blockchain header data. This is perhaps somewhat more secure than either server-assisted clients or header-only clients.
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October 16, 2013, 06:25:52 PM
 #22

He will, he doesnt pay elecricity and hosting fee.
Maybe it will take 3 months or 24 months but he will...

In theory, that is not necessarily true, and it is possible that he will not get his money back, even if he mines forever. It depends on how much he paid and how fast the difficulty rises and whether or not it stops rising.

In reality, he will break even, but it very unlikely that it will be in 3 months. 24 months is possible, but it could be 100 years, too. He could also get all his money back if bitcoins become worthless.

Do the math.

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odolvlobo
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October 16, 2013, 07:47:20 PM
 #23

Like he says, I WILL make roi..it is just a matter of time. But I am pretty sure the share price will be much lower by then.. how ever, I have gotten my 4 btc back and might sell shares for half or someth.

When did you buy? If you bought 1 GH/s almost a month ago then you have mined less than 0.113, but it cost you 0.19 BTC (or more).

I'm not saying everyone is guaranteed to lose money. It depends on the price you pay and what happens to the difficulty. The current price is down to about 0.134 BTC and that is still too high.

Speaking of difficulty... The difficulty jumped by 40% today, and HashFast is shipping their terahash miners in a few weeks.


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October 17, 2013, 12:49:47 AM
 #24

If the average rise of difficulty for the next 12 months is 30%, you can get your investment return if the price per GH is 0.089

http://btc.re/miningcalc
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