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offshoregenius77 (OP)
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December 13, 2011, 06:50:42 PM
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Is it still posible to turn a profit by mining? At the current prices?
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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kokjo
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December 13, 2011, 06:53:17 PM
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Quote from: offshoregenius77 on December 13, 2011, 06:50:42 PM
Is it still posible to turn a profit by mining? At the current prices?
yes in the long term. but the price is expected to go up up up.
"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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December 13, 2011, 07:17:29 PM
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Depends on how much power costs you.
If you're searching these lines for a point, you've probably missed it.  There was never anything there in the first place.
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December 26, 2011, 05:08:52 AM
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When the price goes above $10 you'll wish you were mining now.  I mean, stop mining, more shares for us! Smiley
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