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vladimir89 (OP)
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November 04, 2013, 01:54:01 PM
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I actually joined today as I was looking for used computer parts.
Now I'm very interested in mining and will probably start mining soon once I'm done building my new rig.
Anyways, just one question.
Is this really profitable? taking electiricity bill into account??
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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Birdy
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November 04, 2013, 01:56:28 PM
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Quote from: vladimir89 on November 04, 2013, 01:54:01 PM
Is this really profitable? taking electiricity bill into account??

Nope, it's not.
But you are right this Bitcoin-concept really is mindblowing.
Try by posting a Bitcoin address here (you can make one on blockchain.info)
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November 04, 2013, 02:10:24 PM
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mining are not profit able any more unless you are using ASIC and free electric else just buy bitcoin
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