How the hell do they make a PROFIT or even a ROI, there is ABSOLUTE NO CHANCE of making a ROI on a $1500 MINER who is making just 0.05 BTC per day..
If this is TRUE why are People Mining..I don't understand
Yep, I don't understand either. I'm still trying to figure that out.
I think a lot of newcomers don't take the constant difficulty increases into account, as well as being blinded by the prospect of owning a "money printing machine".
You're far better off buying BTC with fiat and waiting for the price to increase.
Yes TOTALLY correct my Friend..
I think THE BEST way to calculate any kind of ROI and Return is by MANUALLY calculate earning for any difficulty.
By Manually inputting the difficulty numbers and by applying a 10% increase every 2 weeks.
(P.s. I am not sure should I calculate a 11 day or 14 day period for the diff increase ? )
But this is the best way of doing calculations, because I did NOT find a accurate Calculator Yet !
