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Muhammed Zakir (OP)
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July 15, 2014, 09:55:10 AM |
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Hello!
I am thinking about mining in a p2pool node. I don't know how much GHs should I have to get a decent profit. Can you tell me? Is 180 GHs enough?
Kindly,
MZ
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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jonnybravo0311
Legendary
 Offline
Activity: 1344
Merit: 1023
Mine at Jonny's Pool
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July 15, 2014, 11:26:12 AM |
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Hello!
I am thinking about mining in a p2pool node. I don't know how much GHs should I have to get a decent profit. Can you tell me? Is 180 GHs enough?
Kindly,
MZ
Well, you need to decide what "decent profit" means to you. Will 180GH/s get you payouts on p2pool? Sure it will. That being stated, at current difficulty ratings, you can expect that 180GH/s to find you a share about every 16.5 - 17 hours or so. Realize that an S1 at current difficulty levels, in a perfect world, would earn you about 0.0052 BTC a day. |
Jonny's Pool - Mine with us and help us grow! Support a pool that supports Bitcoin, not a hardware manufacturer's pockets! No SPV cheats. No empty blocks.
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Norcoin_
Newbie
Offline
Activity: 23
Merit: 0
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July 15, 2014, 12:29:49 PM |
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over 9000
But seriously, how much Ghs you have is unrelevant. $/Ghs and W/Ghs is whats count.
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cech4204a
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July 15, 2014, 02:16:32 PM |
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You need as much as possible, but you have to consider how much you are paying for GHs in $ and you should not forget cost of electricity. Use mining calculator to make sure you have all points included in your calculation. Don't forget to include depreciation of your harware in and time beeing offline. If you have problems with your ISP or if you go out of electric current, you are getting lower income. Also don't take current prices of Bitcoin as meassurment, maybe you should somehow see what time you will be mining and how much btc will be worth when you will gonna sell it, it's too complicated in the end your gut feeling should decide.
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Bitcoin is DEAD
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jjc326
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July 15, 2014, 06:55:38 PM |
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Unless you have almost free electricity it's going to be almost impossible to make a good profit, unless the BTC price goes up big time.
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ThomasCrowne
Full Member
Offline
Activity: 210
Merit: 100
★☆★ 777Coin - The Exciting Bitco
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July 16, 2014, 01:48:02 AM |
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Hello!
I am thinking about mining in a p2pool node. I don't know how much GHs should I have to get a decent profit. Can you tell me? Is 180 GHs enough?
Kindly,
MZ
There is no real profit in mining. Increasing the amount of Fiat you throw into hashing power will simply increase your investment lost. Just buy and hold your bitcoin if profit is your motivation. |
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Muhammed Zakir (OP)
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July 16, 2014, 11:24:57 AM |
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Hello!
I am thinking about mining in a p2pool node. I don't know how much GHs should I have to get a decent profit. Can you tell me? Is 180 GHs enough?
Kindly,
MZ
There is no real profit in mining. Increasing the amount of Fiat you throw into hashing power will simply increase your investment lost. Just buy and hold your bitcoin if profit is your motivation. Buying a hashing power isn't a great idea. You will only get a small profit from it. Eventually persons behind this become richer and we will be same as earlier. They just give a small fraction of your payment. I agree that trading is a good way. Anyway for a newcomer it will be very risky. Everybody want profit if they are mining or trading. If there is no profit, there is no point in mining and nobody will. Kindly, MZ |
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supersajin
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July 16, 2014, 02:58:04 PM |
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At that low level I'd suggest cloud mining. PB is @ $1.85 per GH 7/16. You can break even in 8-10 weeks of investment.
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jjc326
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July 17, 2014, 01:24:31 AM |
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At that low level I'd suggest cloud mining. PB is @ $1.85 per GH 7/16. You can break even in 8-10 weeks of investment.
Might want to check lunamine too (my sig). They are relatively new but advertise as highest ROI and seem like they're doing it to make sure Ghash does get 51 percent so that's kinda noble too. They seem really honest which is not something you can say for all cloud hashing companies. |
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Muhammed Zakir (OP)
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July 17, 2014, 01:32:46 AM |
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I don't like cloud mining unless I can choose my own pool. I found nimbusmining. It is very nice and contract valid for 1 year with no charge. IMO It is better than pbmining or lunamine.
Kindly,
MZ
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Southpaw0
Legendary
Offline
Activity: 1318
Merit: 1010
666 - slave 2 the grind -
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July 17, 2014, 02:03:22 AM |
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over 9000
But seriously, how much Ghs you have is unrelevant. $/Ghs and W/Ghs is whats count.
Dragonball Vegeta Pun love it  |
ill handcuff you to the shower and put an apple in your mouth with the water running on cold then you handcuff me to the bed and go to town.. just dont BURN the house down with your hot ass oven cus i will be dead and you will be gone
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crashoveride54902
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July 17, 2014, 02:47:55 AM |
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over 9000
But seriously, how much Ghs you have is unrelevant. $/Ghs and W/Ghs is whats count.
Dragonball Vegeta Pun love it +1 love it too How much Th/s should I have? FTFY |
Dreams of cyprto solving everything is slowly slipping away...Replaced by scams/hacks  |
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ThomasCrowne
Full Member
Offline
Activity: 210
Merit: 100
★☆★ 777Coin - The Exciting Bitco
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July 17, 2014, 07:37:06 AM |
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Q: How much GHs should I have? A: As many as possible :p Basically the more you have the better but truth is unless you've been mining for sometime or are extremely lucky your more than likely better off simply investing that money in bitcoin and holding it till it goes up.  |
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DrG
Legendary
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Activity: 2086
Merit: 1035
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July 17, 2014, 07:46:39 AM |
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Q: How much GHs should I have? A: As many as possible :p Basically the more you have the better but truth is unless you've been mining for sometime or are extremely lucky your more than likely better off simply investing that money in bitcoin and holding it till it goes up. That is assuming you can get more for the same price. If you're running in the red, then running more hashrate in the red only deepens the hole that you're digging. Right now pretty much every miner sans maybe an S3 is a money sink. |
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