Triton (OP)
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December 04, 2013, 03:44:46 PM |
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Many say that there's no point in mining bitcoins anymore unless I invest a lot into buying ASIC miners. They say so cause it's difficult to mine bitcoins. Is that true?
How many bitcoins do you mine a day and what's your H/S?
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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johankahn
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December 04, 2013, 03:50:27 PM |
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I mined in the beggining. I still have a few USB miners going while I use my computer.. Only about 0.01BTC every couple of weeks most of mine come now from trading on the markets and also mining other coins
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Perseus353
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December 04, 2013, 04:00:11 PM |
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Mining is very profitable and I only got into it 6 weeks ago... what are y'all complaining about?
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Triton (OP)
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December 04, 2013, 04:16:23 PM |
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Mining is very profitable and I only got into it 6 weeks ago... what are y'all complaining about?
Sarcasm? how many bitcoins do u generate a month and what's the hash rate? I mined in the beggining. I still have a few USB miners going while I use my computer.. Only about 0.01BTC every couple of weeks most of mine come now from trading on the markets and also mining other coins But USB miners are supposedly way less powerful than even GPU miners. And you only mine when you use the computer hence the 0.01BTC is quite good.
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DrYak
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December 04, 2013, 04:58:50 PM |
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Sarcasm? how many bitcoins do u generate a month and what's the hash rate?
You need to take 2 things into accounts: - There are a lot of other coins beside bitcoins. As Kronus87 suggested, it might be more worthy to mine other SHA-256 based coins and trade them. - Price of alt-coins is constantly going in up. The 0.01 mentioned are currently worth 10$. Next year, these might by worth 20 or 30$. But USB miners are supposedly way less powerful than even GPU miners. And you only mine when you use the computer hence the 0.01BTC is quite good.
Depends. Smaller USB-key sized miner (like block errupter) are mainly targetting efficiency. They don't output a lot of MHashes/sec. But on the other hand, they consume only a very small amount of Watts. For serious mining, miner tend to use a big quantity of them on a big multi-port hub.
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JCviggen
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December 04, 2013, 05:07:47 PM |
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There's bitcoin mining, and then there's mining to get bitcoins.
I run 9 7970 GPUs, scrypt coins at 6.2 Mhash. The past week I have made on average 0.15 BTC per day, even 0.2 on one of them. I traded the coins immediately to BTC, which in hindsight cost me quite a lot of possible profit. It's not likely to last very long, but right now a few multi purpose GPUs I bought used are outperforming many SHA asic systems in terms of return.
Probably won't last forever, though who knows. Maybe there is some self correction going on which favors the very distributed little guy mining.
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bitcoin322
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December 04, 2013, 05:19:57 PM |
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Many say that there's no point in mining bitcoins anymore unless I invest a lot into buying ASIC miners. They say so cause it's difficult to mine bitcoins. Is that true?
How many bitcoins do you mine a day and what's your H/S?
mining itself would be extremely profitable, especially as long as the price keeps going up. The problem is having the hardware and having it now: the point is that if you buy/pre-order today you don't know what are going to be the market conditions at the time you will actually get the HW (which might be several months later). Making a reasonable estimate now is relatively simple: you just need to consider the cost of HW, the cost of electricity, the value of BTC and the ratio between your H/s and the total computational power of the network. The problem is that trying to forecast the last 2 values even just 2 months from now is meaningless, as the future price could easily be 10 times more or 10 times less PS: this only applies for BTC mining, as per alt-coins mining I have no direct experience but what the other guys are saying makes sense
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Perseus353
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December 04, 2013, 05:47:42 PM |
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Not sarcasm, just a KNC Jupiter. It generated 1 btc per day when it arrived, now it's down to about 0.4 per day.
The price explosion brought the ROI target in BTC down significantly. It has generated 26.5 BTC by now.
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zimmah
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December 04, 2013, 06:30:27 PM |
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25 GH/s 0.02 BTC/day
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Jcw188
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December 05, 2013, 05:38:40 PM |
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Doesn't it depend on energy cost? and also what you think will happen to future price of btc. If it keep going up, you're golden. I mine for fun, a little, mostly alt coins
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Rival
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December 05, 2013, 06:00:09 PM |
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The short answer is yes.
You just need to do it intelligently.
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crocko
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December 06, 2013, 08:38:09 AM |
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Many say that there's no point in mining bitcoins anymore unless I invest a lot into buying ASIC miners. They say so cause it's difficult to mine bitcoins. Is that true?
How many bitcoins do you mine a day and what's your H/S?
buy, wait, trade !
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HHvindenes
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December 10, 2013, 06:48:48 AM |
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If you have mining gear the BEST way to earn anything would be to contract it out to all the newcomers to bitcoins, they jump rigth on the minetrain without really knowing much about it.
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jamesc760
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December 10, 2013, 01:06:10 PM |
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15 GH/s (shares in 2 Group Buys of KNC Jupiter) nets me about 0.08 btc a week 10 Gh/s (Block Blade) nets me about 0.007 btc a day 2.5 Mh/s (GPU's mining altcoins into btc) nets me about 0.03 btc a day
Group Buys are worthless; the only people making profits are the organizers. Bitcoin mining using ASIC's are becoming worthless. GPU mining altcoins are very profitable, no wonder you can't find AMD Radeon GPU's anywhere anymore.
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