forzendiablo (OP)
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Activity: 1526
Merit: 1000
the grandpa of cryptos
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November 14, 2013, 02:38:46 AM |
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Now they are for 0,2BTC each.
will they pay for themselves or its actually a lost cause and not worht it?
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yolo
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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Bicknellski
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November 14, 2013, 03:24:59 AM |
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Now they are for 0,2BTC each.
will they pay for themselves or its actually a lost cause and not worth it?
Depends... are you just mining to learn about mining or going only for profitability in BTC? Very few miners if any are profitable given the costs of production and chips and the increasing of difficulty. As many have said if you are looking to get a profit in BTC... buy BTC at this time. As more mining power comes online the numbers will not get better for miners only worse. |
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philipma1957
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Activity: 4116
Merit: 7872
'The right to privacy matters'
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November 14, 2013, 03:37:45 AM
Last edit: November 14, 2013, 04:03:31 AM by philipma1957 |
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depends on how you do your math.
Let argue this way.. You live next door to me. and hand me .32 btc in usd which is at this minute .32 btc x 420 usd = 134.4 usd . Lets pretend that since you live next door to me I walk to your house ant setup the one I own..
it is running 2.37gh..
lets say you are running a setup already so you only add 3 watts . that is 72 watts a day or about 2.2 kwatts a month…
I live in NJ so the power used is .16 cents or 35 cents a month. Since I live next door and it is 1045 pm I set it up in the morning. and you start your hash on the 14th.
you have 2 days at current diff. you earn about .00225875 btc for day one and for day two. that is .0045175 btc profit for 2 days.
next jump is to 575 mill (a guess) this lowers your daily profit to .00200073 that lasts for 11 days this is .02200803 so after 13 days you earned .02652553 coins. lets say for those 13 days coins were dead stable at 420 usd.
now on the 13th day btc drops to 105 usd and stays for a year you are ffff'd. as your earned btc is worth 2.78 usd against the 134 usd you put up
or on the 13th day coins move to 1680 usd your earned btc is worth 44.56 usd against the 134.40 usd you put up
If you just buy .32 btc at a cost of 134.40 usd and hold for 13 days.
dead stable prices until the 13th day and btc drops to 105 your .32 btc is worth 33.60 usd instead of the 134.40 usd you started with.
but if prices jump to 1680 your .32 btc is worth 537.60 usd instead of the 134.40 usd you started with.
So to most buying coin looks good short term if the market goes up it is good.
Of course Buying a stick for 134 usd and have it for 30 or 40 days earn coin and sell it may be better then just buying coin. Other factors these sticks give you heat. So if you are in NJ like I am i get a bonus of lwer heating bills for the next 180 days.
My motto is mix it up Have some sticks or other mining gear hold some coins. maybe have some cex.io shares and hope for btc to rise
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forzendiablo (OP)
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Activity: 1526
Merit: 1000
the grandpa of cryptos
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November 14, 2013, 04:02:21 AM |
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so shortly when BTC is at this $, its not worht to mine at all?
what about doing altcoins and selling for BTC
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yolo
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philipma1957
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Activity: 4116
Merit: 7872
'The right to privacy matters'
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November 14, 2013, 04:07:20 AM |
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so shortly when BTC is at this $, its not worht to mine at all?
what about doing altcoins and selling for BTC
Some mining is okay but you need an edge.. If you have 500 watts mining in a winter climate it is worth extra money for your heat. In the USA more then 1 million homes heat with electric heat.. Since they will spend the electrical power maybe as much as 250 dollars to heat the home each month mining makes some sense for them. If you live in Hawaii it is warm and power cost big bucks don't mine buy btc. Alt coins have gotten better I have a buddy that went back to lite coins. He is in Canada and it helps to heat his home. |
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Tiennou74
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November 14, 2013, 04:52:56 AM |
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Where do you get them for 0,2BTC?
Thanks
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forzendiablo (OP)
Legendary
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Activity: 1526
Merit: 1000
the grandpa of cryptos
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November 14, 2013, 04:57:07 AM |
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so shortly when BTC is at this $, its not worht to mine at all?
what about doing altcoins and selling for BTC
Some mining is okay but you need an edge.. If you have 500 watts mining in a winter climate it is worth extra money for your heat. In the USA more then 1 million homes heat with electric heat.. Since they will spend the electrical power maybe as much as 250 dollars to heat the home each month mining makes some sense for them. If you live in Hawaii it is warm and power cost big bucks don't mine buy btc. Alt coins have gotten better I have a buddy that went back to lite coins. He is in Canada and it helps to heat his home. im in europe so winters here are cold  we dont use electricity to heat our homes tho. where for 0,02BTC? at official site. |
yolo
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Zammo
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November 14, 2013, 09:28:24 AM |
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Which official site?
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Feneusens
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November 14, 2013, 10:47:13 AM |
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Now they are for 0,2BTC each.
will they pay for themselves or its actually a lost cause and not worht it?
Answer is no. Use a calculator with difficulty build in and you will get your answer... |
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Tiennou74
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November 14, 2013, 10:08:36 PM |
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SHow me the link for .2 BTC , right now they are at .32btc
Thanks
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forzendiablo (OP)
Legendary
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Activity: 1526
Merit: 1000
the grandpa of cryptos
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November 15, 2013, 01:56:50 AM |
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SHow me the link for .2 BTC , right now they are at .32btc
Thanks
oh if i have link for 0.2 then either i found a golden gooes or.. its some scam. i will find out more before sharing that stuff then and makign somebody loose money. |
yolo
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zvs
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Activity: 1680
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https://web.archive.org/web/*/nogleg.com
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November 15, 2013, 02:05:16 AM |
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Now they are for 0,2BTC each.
will they pay for themselves or its actually a lost cause and not worht it?
even if they were at .2BTC each, they'd never pay for themselves........... unless bitcoin price went up a lot but then you'd be better off buying bitcoins the only way they'd ever make .2 bitcoins in their lifetime is if bitcoin price was to plummet & thus cause difficulty level to drop. even if difficulty dropped to 20% gain per cycle, it'd take, what, thousands of years to get .2 bitcoins ? |
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forzendiablo (OP)
Legendary
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Activity: 1526
Merit: 1000
the grandpa of cryptos
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November 15, 2013, 05:11:00 AM |
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so it means none of miners make money?
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yolo
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Ruzka
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November 15, 2013, 05:36:42 AM |
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Yeah I seriously don't think it will.
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Bicknellski
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November 15, 2013, 08:57:59 AM |
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so it means none of miners make money?
Correct. You can use mining calculators to figure that out... but if you want to learn about mining and get into it a USB is a good way to learn and reasonably priced for new miners. http://mining.thegenesisblock.com/ |
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