Hash72 (OP)
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★YoBit.Net★ 350+ Coins Exchange & Dice
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January 18, 2014, 02:43:21 PM |
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Hi
Q2- Mining These Days COST YOU More than it GIVES ..Specially with BTC
This what figured after a couple days of reading in this forum ..is this correct ?
Thanks
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manobra
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January 18, 2014, 02:55:42 PM |
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Yes
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byt411
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January 18, 2014, 02:58:14 PM |
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Hi
Q2- Mining These Days COST YOU More than it GIVES ..Specially with BTC
This what figured after a couple days of reading in this forum ..is this correct ?
Thanks
For GPUs and CPUs and most FPGAs, that is correct. For some ASICS that is correct too. Unless you have free electricity. But your devices would still take a long time to break even. |
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Hash72 (OP)
Sr. Member
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Activity: 294
Merit: 250
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January 18, 2014, 04:53:23 PM |
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So the NEAR solution for starters to buy BTC waiting for possible increase
AS other said UP 10 000 =BTC
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byt411
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January 18, 2014, 05:29:20 PM |
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So the NEAR solution for starters to buy BTC waiting for possible increase
AS other said UP 10 000 =BTC
Yes, that is correct, if all you want is to earn money. |
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ymer
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January 19, 2014, 04:25:45 PM |
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That is correct OP, that is why difficulty keeps increasing.  |
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byt411
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January 19, 2014, 05:03:30 PM |
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That is correct OP, that is why difficulty keeps increasing. And as difficulty increases, it gets even more unprofitable to mine. |
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Kenshin
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January 19, 2014, 05:04:55 PM |
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That is correct OP, that is why difficulty keeps increasing. And as difficulty increases, it gets even more unprofitable to mine. That is why there will be no more miner one day.  |
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bit.alex
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January 19, 2014, 06:37:47 PM |
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That is correct OP, that is why difficulty keeps increasing. And as difficulty increases, it gets even more unprofitable to mine. That is why there will be no more miner one day. This is incorrect. Mining is like an open market. As soon as it gets unprofitable, people leave, making it more profitable again. It's self stabilizing. That's the beauty  Also, if there will be not many miners left, that'll mean you will be able to earn tons of money mining, because it will be much easier. Then again, if it's extremely profitable, a lot of people jump in and make it barely profitable. Hope you understood |
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byt411
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January 19, 2014, 08:12:18 PM |
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That is correct OP, that is why difficulty keeps increasing. And as difficulty increases, it gets even more unprofitable to mine. That is why there will be no more miner one day. This is incorrect. Mining is like an open market. As soon as it gets unprofitable, people leave, making it more profitable again. It's self stabilizing. That's the beauty Also, if there will be not many miners left, that'll mean you will be able to earn tons of money mining, because it will be much easier. Then again, if it's extremely profitable, a lot of people jump in and make it barely profitable. Hope you understood Correct. And right now there are too many miners and too many ASICs on the market. |
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timk225
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January 19, 2014, 09:25:46 PM |
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No one here REALLY cares about the long term viability of Bitcoin or any other coin. We all just want to get more money (US Dollars).
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satosh007
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January 19, 2014, 09:40:58 PM |
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-yes
but not all mining;
what are you mining? and what is your investment length plan?
answering those questions after making a good market study might help you redirect your efforts into a better choice.
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byt411
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January 19, 2014, 10:13:00 PM |
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No one here REALLY cares about the long term viability of Bitcoin or any other coin. We all just want to get more money (US Dollars).
You are highly incorrect... Some of us, are mining, not for profit, but to support the BitCoin Network System. Voluntarily. |
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timk225
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January 20, 2014, 01:52:30 AM |
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Well, I am only in this to make a profit. And when it is no longer profitable to mine Scrypt coins and/or trade them into BTC for resale, I'm out. I don't give a damn about securing the network through continued mining.
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krampus
Member
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Activity: 98
Merit: 10
Village Idiot
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January 20, 2014, 05:06:58 AM |
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No one here REALLY cares about the long term viability of Bitcoin or any other coin. We all just want to get more money (US Dollars). I'm just here for the scintillating conversation. |
I pledge never to use this space for sleazy referrals, gambling spam, or to beg for handouts.
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cdog
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January 20, 2014, 08:38:23 AM |
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Well, I am only in this to make a profit.
Well it was nice meeting you, if only in passing. Please close the door behind you on the way out, thanks. You can leave the light on though. We will be here for a while. |
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raskul
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January 20, 2014, 08:28:38 PM |
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Well, I am only in this to make a profit.
Well it was nice meeting you, if only in passing. Please close the door behind you on the way out, thanks. You can leave the light on though. We will be here for a while. +1  |
tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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Gator-hex
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January 20, 2014, 08:58:21 PM |
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No one here REALLY cares about the long term viability of Bitcoin or any other coin. We all just want to get more money (US Dollars).
Wrong, I care, I want to be free to trade with anyone in the world, at zero cost, using a currency not backed by debt servitude (bondage/slavery). |
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byt411
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January 20, 2014, 09:23:40 PM |
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No one here REALLY cares about the long term viability of Bitcoin or any other coin. We all just want to get more money (US Dollars).
Wrong, I care, I want to be free to trade with anyone in the world, at zero cost, using a currency not backed by debt servitude (bondage/slavery). Correct. The actual statement would be that there are TOO many people that just want to quickly earn some money using BitCoin. |
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Hash72 (OP)
Sr. Member
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Activity: 294
Merit: 250
★YoBit.Net★ 350+ Coins Exchange & Dice
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January 20, 2014, 10:47:11 PM |
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No one here REALLY cares about the long term viability of Bitcoin or any other coin. We all just want to get more money (US Dollars).
Wrong, I care, I want to be free to trade with anyone in the world, at zero cost, using a currency not backed by debt servitude (bondage/slavery). Correct. The actual statement would be that there are TOO many people that just want to quickly earn some money using BitCoin. Nice This really what Attract many peoples all over the world you can trade with any one out of GOV controls.. So Thanks for all usefull though you gave. |
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