1 bitcoin is worth how much
It's really the same process. Profitable is still way more profitable than Bitcoin, at a still of Likewise, all moderators of this subreddit mining follow the Modiquette. These are specialised devices which can only be used for mining specific algorithms. The idea 2014 that since no one can actually predict the rate of miners joining the network no one can also predict how difficult it will be to mine in 6 weeks, 6 months or bitcoin years from now.
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What about a get-rich-ever scheme? Get A Wallet Step 2: Hardware Requirements Part 2: Bitcoin miners generate a considerable amount of noise and heat. Today one of the most advanced miners out there is the Antminer S9. Comparison of all mining pools on the official Bitcoin wiki. A mining pool is a group of miners that join together in order to mine more effectively.
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Click the "report" link. At bitcoin has rate calculation of , it still expected to return 2. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Think my partner and Profitable will jump in and mine Bitcoin and LiteCoin with one machine each. So go have fun mining you lose your money, play poker or something. After entering the aforementioned parameters into the calculator, we will get the following 2014.
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Bitcoin mining still profitable 2014
If you do not want to venture into the world of altcoins, then Bitcoin and other SHA coins is your only option by merged-mining. Still, this is mostly speculation, and the only way to know for sure is to wait and see how the markets play out.
Are you currently mining? Did you like this article? Why not send a tip to the author as a thank you? Technically ASICs are already the end of the road. I have done intensive investigations and right now you will lose money on most miners, the only people winning will be the people selling the miners. Very few miners break even and a lot of people end of trying to cancel there orders. The best thing to do is just mine out with your current hardware then buy a new miner which will be far better for same price.
It could be profitable if you mine Betacoins BET now that they are currently unknown and is still early. I also did a nice wrap up with a focus on difficulty increase: Your email address will not be published. Home News Getting Started Step 1: Get A Wallet Step 2: Get Coins Step 3: Use Your Coins Mining Part 1: Hardware Requirements Part 2: Software Requirements Part 3: Bitcoin Services — Are they becoming centralized?
Paying in dollars might be easier to make ROI depending on the exchange rate. If you pay in dollars, start mining, and then the exchange rate starts to go up bitcoin get's "more expensive" then you'll make ROI quicker just because the exchange rate moved.
If you pay in Bitcoin it doesn't matter what the exchange rate does. But it is fun. Do it for the learning, the puzzle, the community. In this gold rush, the only ones making a profit are the ones making the pans. The net effect ends up being "buying bitcoins through your power bill".
It's not worth the time and energy, anymore. Doesn't happen due to network difficulty increases. No one has put out a miner that can reliably mine for longer than a few months. After that, your returns will be miniscule tens of thousandths of bitcoins and smaller. Sorry, I should have specified that I was seeing significantly higher returns than what was predicted using a mining calculator, and at the rate I was seeing I would have realized an ROI. Of course the return volume does decrease over time.
It's a moot point now, though, as I sold the miner for my original cost! I figure I'll just barely break even on the price I paid for the video cards at almost the point at which I start paying more for electricity than I'm getting in bitcoin, if the prices stay in the current range.
I think it really depends on the amount of money you have to invest and your expectations. You will always be reinvesting some of the returns in more capacity, but then that is the case with any business.
What other business is out there that you can calculate your expected returns and need no marketing budget? No such thing exists. Not here to argue, was just trying to assist the original poster. You can believe what you want.
There is no reason to argue. That would have taken less time than your post saying that you are not here to argue. There are hundreds of people here that would just love to be able to purchase such gear right now if it existed.
While such a product may not be available for sale, we can't really say it doesn't exist. If someone did have such a machine, a machine that performed many times better than all other ASICs, that person would be wise to keep the machines to themselves and run a private farm.
And then said persons information would be of no use to the OP. If it was really the case you would have started out. Because the minute you start talking in dollars, we assume you are using standard equipment. You only brought it up when you got backed into a corner. That's not how the truth works. If you where really hiding something, you would have never brought it up to reddit at all.
Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Log in or sign up in seconds. Submit a new link. Submit a new text post. Don't know which ASIC miner to buy? Have a question or interesting post about Bitcoin mining in general? Welcome to Reddit, the front page of the internet.
Become a Redditor and subscribe to one of thousands of communities. This is an archived post. You won't be able to vote or comment. BitcoinMining submitted 3 years ago by Kitkattack. Want to add to the discussion? Do it as a hobby, not as a get-rich-quick scheme. When something big comes along: