mining in 2014 with bitcoin low as $10

[arwor]

Hi,

I'm newbie for Bitcoin and I have one question for experts.

Would mining be profitable if the value of Bitcoin drop to $10 in the middle of 2014?

If I invest around $ 5000 in bitcoin mining machine with  1,000 GH/s and receive it in March 2014 and if the value of Bitcoin drop, would I earn something?

I don't know how to do the mats, what will happened also with the difficulty if the value of Bitcoin drop?

Tnx

[DFiLeR]

well, mining youd only make money if the price went back up... if you kept the $5k and just bought bitcoin at $10 would be better off. but hey we'd all buy btc for $10! don't think it would be a problem next year

[tearfereon]

Hi,

I'm newbie for Bitcoin and I have one question for experts.

Would mining be profitable if the value of Bitcoin drop to $10 in the middle of 2014?

If I invest around $ 5000 in bitcoin mining machine with  1,000 GH/s and receive it in March 2014 and if the value of Bitcoin drop, would I earn something?

I don't know how to do the mats, what will happened also with the difficulty if the value of Bitcoin drop?

Tnx

No, in fact many ASIC miners would have to turn mining off because the electricity cost would be higher than they can mine, meaning buying Bitcoin would be much cheaper than electricity cost required for mining Bitcoin.

[cabax]

no way in 2014 with bitcoin low as $10.

[jonanon]

If I were you I'd either invest directly in buying BTC or try mining an alt currency and converting to BTC.

[bryant.coleman]

With the hash rate increasing exponentially every week, I don't even think that the mining is profitable any more. Even if you are mining 24x7, the chances are that you will not get the $5K worth of BTCs (as of today's rate) from mining.

If you purchase BTC now, for 5K you will get 8.06 coins. Don't think that you will be able to mine that much from equipment worth 5K.

[Holdaaja]

Yeah, just buy bitcoins now, it will go back to +1000$

[cp1]

You'd turn your $5000 into about $43.

[OC19850520]

I don't know how to do the mats, what will happened also with the difficulty if the value of Bitcoin drop?

Depends on the drop, dropping from 1200 to 600 does not have any impact on difficulty, and the difficulty will increase as usual now

[pstop1]

It wont get to $10 in my opinion.
and if it gets to $10 the difficulty wont lower it will just continue to raise.