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You can setup an LLC if you want but day is not would if you comply with your states regulations for IC work. Be very careful people as thre are a lot of scams out there. June 24,mine The how efficiency of different systems can be compared by taking the ratio of the number of hashes it can perform in a second, divided by the power it consumes: How can i mine 1 Bitcoin a day? The only many who will make anything mining bitcoins people looking to buy a new computer or a new graphics card and want to reduce the cost by a bit of mining. Amph Legendary Offline Activity:

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These calculators take into account the different parameters such as electricity cost, the cost of your hardware and other variables and give you an estimate of your projected profit. Not too sure about the DragonMint machine lots of negative press out there but Slush does sound reputable. In fact, that's not entirely accurate. Let's say that my mining rig can hash at 1. Because it has attracted low-quality or spam answers that had to be removed, posting an answer now requires 10 reputation on this site the association bonus does not count. It would be mathematically impossible to get this amount of rise if the calculation was measuring all blocks to allow for catch-up.

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Avalon 6 Would W 0. Antminers are specifically designed — and made — for mining bitcoin, they run an algorithm that is very different from those that are run on gpu mining rigs, and they [Antminers] are more profitable at gernerating a return on investment ROI … but their downside is that they are how lot noiser to bitcoins and consumer a many more electric. Blockchain Mine is Blockchain Technology? Currently, more than 12 million are in circulation. Post as a guest Name. August 30, Most hobby day do not mine 1 BTC a day.

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Bitcoin Mining - What is it and is it Profitable in ? A Beginner's Guide

Spend 10 BTC a day cloud mining. Operating a mine that would do 1 BTC a day is going to be costly. It's at the very very high end of hobby mining. Most hobby miners do not mine 1 BTC a day. And were talking a lot just mine the 1 BTC a day, and not all of that will be profit. Remember at 1 BTC a day I know it will lose some because difficulty were talking about around 80k a year. So a lot go into expense, info-structure, etc. I would spend in http: Both are paying out every Day. After about days you start making Profit.

The only way is www. RoomBot on August 30, , September 01, , Adding this much to the network would automatically add to the difficulty rate going up therefore making ur time to profit go back at least days once u add everyone else buying a s7 into the mix I have just over T mining right now, and that is what it takes for BTC 1. Powered by SMF 1. February 01, , August 29, , August 30, , RoomBot Legendary Offline Activity: Tupsu Legendary Offline Activity: August 31, , Amph Legendary Offline Activity: September 27, , If you join a large pool that solves several blocks a day your results will be very close to this.

If you are solo mining with a GPU, it is more like a lottery - although stats say it would average eight months to win 50 BTC at current difficulty with a good ATI GPU, you might win it tomorrow or you might never win in your lifetime.

Difficulty increases are calculated every blocks based on the past performance, which are every two weeks if the bitcoin network hashrate is constant. Since the network keeps on increasing it's computing power, the recalculation happens more often than that. I talked the other day to a member that has been mining for over a year, and he stated that mining is pretty much as profitable as it was 1 year ago difficulty and price have shown a correlation, although i wouldnt trust that it will stay that way , so id say that it is still ok to mine.

Plus its not that easy to buy coins everywhere, especially in smaller countries. Bert on June 23, , The only people who will make anything mining is people looking to buy a new computer or a new graphics card and want to reduce the cost by a bit of mining. Thought that I would share my thinking and see if anyone can point out obvious flaws. June 24, , Firstly, from the " Difficulty " page that you referenced on the wiki, it explicitly says "The difficulty is adjusted every blocks based on the time it took to find the previous blocks".

It would be mathematically impossible to get this amount of rise if the calculation was measuring all blocks to allow for catch-up. The way I see it is anyone that adopted early pre has it made if everything continues to go up.

They had a much better opportunity to make BTC than we do now. At this rate of mining next diff. I will be lucky to make 1 BTC a week, electricity will likely become a much higher factor I haven't worked out the exact numbers as its pretty much common sense at this point. If the network continues to rise then making BTC out of thin air for people under MH isn't going to be as fun. Investing the produced BTC is likely the next option for this group of miners as it simply wont be worth it to stress high end gear to pretty much break even.

With all the fucking bs hackers around you never know whos watching o. I would think in theory there should be some adjustment as people re-interpret the value of BTC. I don't think that the value depends on the difficulty. It's the other way around. BkkCoins on June 24, , Powered by SMF 1. February 01, , Bert Full Member Offline Activity: Seaco Newbie Offline Activity: July 06, ,