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Author Topic: When difficulty is to great, is there a point  (Read 313 times)
rockcanada
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November 27, 2013, 01:26:50 AM
 #1

Hello

So I have been researching for about a month about bitcoin, been browsing equipment etc...

So my question is, have most missed the boat? For example difficulty if continues 100-500% in the next 4-6 months, even if you bought a 2TH unit today with delivery March 2014, most people won't have the electrical connection to plug one in their home and if they did, the difficulty will be so high, you will not make your money back at today's values. I even bumped the price of a BTC to 2000 at todays numbers and using the genesis calculation I would break even in 48 days and make a few $1,000's.

So is the solution cloud hashing with hosting providers? Switch to alternative virtual coin org's?Huh

I bought a contract for 4GH with Cloudhashing a few months ago to get my feet wet, i'll at least break even if not make a few hundred but otherwise I don't see why people would continue to mine if the cost are so great, with the exception BTC goes $3,000+ with a continuous rise, which I personally can't see it happening.

Newbie here, so be gentle.

Thanks
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Myer12
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November 27, 2013, 01:35:27 AM
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If you want to mine bitcoins theirs no point its too hard but you can mine some alt-coins and get it exchanged to bitcoins easily I'd recommend Ltc
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