Hi All,
As you can see, i am a NOOB.. so please bare with me..
So i am thinking of trying out mining with ant miner which have great reviews everyone. I tried to calculate my break-even point by using this calculator.
http://www.vnbitcoin.org/bitcoincalculator.phpAfter entering all the values such as miner cost, miner g/h, power wattage etc etc. It seems that i can never break-even. If my understanding is correct, due to the increasing bit coin difficulty rate, with the ant miner i can never keep up.
So my question is, judging from results from the calculator, bit coin mining will never be profitable? Or am i doing something wrong?
Thanks for any advice in advance.