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tyleraddiction
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October 29, 2013, 12:41:14 AM
 #1

Hey,

I'm interested in getting into bitcoins and what not. Is it worth mining at the rate that they're at now? Or no?

Thanks!

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October 29, 2013, 01:27:43 AM
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Hi Tyleraddiction,

I would point you to my post in a thread in this subforum called "Mining extinct?"

https://bitcointalk.org/index.php?topic=320150.msg3431232#msg3431232

Mining is not super profitable alone, no. I used to mine with a laptop (!!!) in 2010 and 2011. Then a few of them, then a PC. Unless you are mining scrypt coins, GPU-based mining is not profitable (even then with 600 Mhash/S from a $300 video card, you're not going to make your money back). I would recommend the idea of renting, buying, or trading a hashrate with someone who has more computer than you  Tongue I use cex.io, but there's also places like hashrack.com (expensive and not immeditate mining). This way, your cost (electricity, hardware, repairs) is minimal, and instead you focus on how much BTC you make per day per Gh/S (BTC/Day/Gh/S... there should be a name for that).

So that's my 0.0002 BTC!

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