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.
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.
The most important thing is difficulty, your net profit might be 23 usd today and for the next 5 days, but after that the difficulty increase about 10-20% and your profit drop, which this will happen every 2 weeks until you pay more electricity then you get.
Actually it's more like every 11 days. If there was no growth it's 2 weeks. The simple fact is what most time based calculators mess up on.
