Hi guys.
I'm thinking about buying an Asic Miner (1000Gh/s). I checked coinwarz.com and with that speed, I'm (supposed to be) able to make 28 usd a day, or 23 usd counting electricity cost. That's an estimate of course.
Is that a realistic expectation? I know the difficulty increases and the profit decrease with time. My doubt is… how long should I expect to make no money out of the machine? Couple years?
I imagine I should join a pool.
-What should I consider when joining a pool?
-When I join a pool, the more I contribute (in hash power), the more my payout is?
-It's more profitable to join Ghash.io or p2pool?
Thanks in advance.
Please don't state mining profits in USD, as the price can change. 1TH/s (1000 GH/s) will earn you 0.04809870
BTC.
Difficulty will increase, since more and better ASICs will come out onto the market. I'd expect it to continue for 2-3 years, so expect to make no money after that. (Well, you can use it as a heater?).
You should consider if the pool has a bad background, and all that. But i'll explain.
I suggest you use ghash.io for the best accuracy to the estimation, but I don't recommend this, because it's by far the largest bitcoin mining pool.
I suggest p2pool, because it helps protect the network, but payout might be more inconsistent.
And yes, theoretically, the more hashpower the more money comes into your wallet.
