Yes, mining become profitable after the price increase.
Also mining litecoins & selling it for bitcoin gives maximum profit now.
Topic: bitcoin crossed 150$, 200$ & soon 500$ - page 4. (Read 8991 times)
@pinwheel, what you trying to say?
Just saying opposite to my post, make me feel, you trolling.
Just saying opposite to my post, make me feel, you trolling.
what I'm saying is what I'm saying, with bitcoins now 248, people now back mining with GPU and making good money like never before regardless of difficulty factors been on highest level 7672999.92016
and you writing - "This makes mining not profitable." and what I'm saying is that your assumption is WRONG
mining at current difficulty level with three 7970 GPU at 1950 mh/s will give you more then usd1000 per month. same rig was giving usd180 per month at difficulty level 4672999 and bitcoin cost 27
does it look like trolling to you
@pinwheel, what you trying to say?
Just saying opposite to my post, make me feel, you trolling.
Just saying opposite to my post, make me feel, you trolling.
I think what Pinwheel is saying is Bitcoin Mining is at its best profitable stage due to sudden rush in BTC USD prices. All Pinwheel is emphasizing that holding bitcoin or mining bitcoin will be much more profitable even if ASIC/orXChip come in to the radar.
While your point is more related to Economy and mining in general. You are trying to put light on one of the bigger aspects, that how this economy may/is/can being/be controlled by Mining...
Cheers
@pinwheel, what you trying to say?
Just saying opposite to my post, make me feel, you trolling.
Just saying opposite to my post, make me feel, you trolling.
Their is difference between 10 Gh/s & 10 Th/s.
Bringing ASIC or whatever huge mining power will increase the difficulty very much, but the coins going to be mine won't increase.
This makes mining not profitable.
To make mining profitable, price must increase.
Even though all saying, use bitcoins as currency, miners see them as commodity only.
Miners pay for everything in fiat currencies, so btc value in usd & other fiat currency must increase.
Increasing price will increase difficulty again, so they will increase mining power.
An endless loop.
Miners decide when to increase price & how much to increase.
https://bitcointalk.org/?topic=7427.0
Bringing ASIC or whatever huge mining power will increase the difficulty very much, but the coins going to be mine won't increase.
This makes mining not profitable.
To make mining profitable, price must increase.
Even though all saying, use bitcoins as currency, miners see them as commodity only.
Miners pay for everything in fiat currencies, so btc value in usd & other fiat currency must increase.
Increasing price will increase difficulty again, so they will increase mining power.
An endless loop.
Miners decide when to increase price & how much to increase.
https://bitcointalk.org/?topic=7427.0
at current bitcoin price mining is very profitable, regardless of difficulty spike.
Their is difference between 10 Gh/s & 10 Th/s.
Bringing ASIC or whatever huge mining power will increase the difficulty very much, but the coins going to be mine won't increase.
This makes mining not profitable.
To make mining profitable, price must increase.
Even though all saying, use bitcoins as currency, miners see them as commodity only.
Miners pay for everything in fiat currencies, so btc value in usd & other fiat currency must increase.
Increasing price will increase difficulty again, so they will increase mining power.
An endless loop.
Miners decide when to increase price & how much to increase.
https://bitcointalk.org/?topic=7427.0
Bringing ASIC or whatever huge mining power will increase the difficulty very much, but the coins going to be mine won't increase.
This makes mining not profitable.
To make mining profitable, price must increase.
Even though all saying, use bitcoins as currency, miners see them as commodity only.
Miners pay for everything in fiat currencies, so btc value in usd & other fiat currency must increase.
Increasing price will increase difficulty again, so they will increase mining power.
An endless loop.
Miners decide when to increase price & how much to increase.
https://bitcointalk.org/?topic=7427.0
The truth behind Mr.BIG, is same as the illegal or dirty work done in any country, in the name of corruption.
Before the ASIC starts mining, the price MUST be increased, then only many can't/won't enter mining easily.
AMD cards available everywhere, so GPU mining became a profitable & next step in mining.
The next step after GPU must be a shady one, coz from simple experiment, bitcoin turned in to a serious "THE ONE" way of money making, which never happened in this world for the past 10000+ years.
If any one can get powerful chips & mine, then where is the control?
Yes, bitcoin is decentralized, BUT controlled by people, who in this community called by the name "MINERS".
Miners control price according to difficulty, so that bitcoin difficulty can be CONTROLLED & can be mined the way they want.
supply and demand.
Price will become stable, once the miners find mining with ASIC or whatever ABC, is profitable to them & it can't be mined by others.
Bitcoin is corporate now.
Before the ASIC starts mining, the price MUST be increased, then only many can't/won't enter mining easily.
AMD cards available everywhere, so GPU mining became a profitable & next step in mining.
The next step after GPU must be a shady one, coz from simple experiment, bitcoin turned in to a serious "THE ONE" way of money making, which never happened in this world for the past 10000+ years.
If any one can get powerful chips & mine, then where is the control?
Yes, bitcoin is decentralized, BUT controlled by people, who in this community called by the name "MINERS".
Miners control price according to difficulty, so that bitcoin difficulty can be CONTROLLED & can be mined the way they want.
supply and demand.
Price will become stable, once the miners find mining with ASIC or whatever ABC, is profitable to them & it can't be mined by others.
Bitcoin is corporate now.
ASIC is mining already, first was ASICminer (China), after GPU step is already going on for more then one year called FPGA.
The truth behind Mr.BIG, is same as the illegal or dirty work done in any country, in the name of corruption.
Before the ASIC starts mining, the price MUST be increased, then only many can't/won't enter mining easily.
AMD cards available everywhere, so GPU mining became a profitable & next step in mining.
The next step after GPU must be a shady one, coz from simple experiment, bitcoin turned in to a serious "THE ONE" way of money making, which never happened in this world for the past 10000+ years.
If any one can get powerful chips & mine, then where is the control?
Yes, bitcoin is decentralized, BUT controlled by people, who in this community called by the name "MINERS".
Miners control price according to difficulty, so that bitcoin difficulty can be CONTROLLED & can be mined the way they want.
supply and demand.
Price will become stable, once the miners find mining with ASIC or whatever ABC, is profitable to them & it can't be mined by others.
Bitcoin is corporate now.
Before the ASIC starts mining, the price MUST be increased, then only many can't/won't enter mining easily.
AMD cards available everywhere, so GPU mining became a profitable & next step in mining.
The next step after GPU must be a shady one, coz from simple experiment, bitcoin turned in to a serious "THE ONE" way of money making, which never happened in this world for the past 10000+ years.
If any one can get powerful chips & mine, then where is the control?
Yes, bitcoin is decentralized, BUT controlled by people, who in this community called by the name "MINERS".
Miners control price according to difficulty, so that bitcoin difficulty can be CONTROLLED & can be mined the way they want.
supply and demand.
Price will become stable, once the miners find mining with ASIC or whatever ABC, is profitable to them & it can't be mined by others.
Bitcoin is corporate now.
Update this thread with INR Dishwara,
It is what we really need and you are the most experienced person here to bring us this data accurately and honestly.
It is what we really need and you are the most experienced person here to bring us this data accurately and honestly.
Converting to INR, instead of USD is not easy.
The main & most trading is done in USD & EUR only.
If some able to write a script or something to convert USD to INR, it may show in INR.
The price buysellbitco.in asks can be used, still the variations are very much & very fast.
3000 INR to 14280.11 INR in a month is very fast.
The main & most trading is done in USD & EUR only.
If some able to write a script or something to convert USD to INR, it may show in INR.
The price buysellbitco.in asks can be used, still the variations are very much & very fast.
3000 INR to 14280.11 INR in a month is very fast.
Dat Bitcoin is gonna make 10K USD before I wake up.
WTF is it doing?
WTF is it doing?
Follow the money Mr Pinwheel.
You will be surprised as to how many people are really really contributing to BTC right now.
You will be surprised as to how many people are really really contributing to BTC right now.
that is not one man behind or group. Started from Cyprus, fear to loose their savings pushing people toward btc. that is some serious money and a lot of rush.
Any possibility of converting this thread to INR rather than USD?
This looks like someone big is coming onboard Bitcoin.
Nothing can grow Market Cap like this unless someone was planning on involving in million/billion+ dollar transactions.
This is a market pump. May be a true valuation, but expect a nasty drop when 'Mr Big' decides to come onboard finally.
'Mr Big' will also be the cause for 500$ and maybe even $750.
Nothing can grow Market Cap like this unless someone was planning on involving in million/billion+ dollar transactions.
This is a market pump. May be a true valuation, but expect a nasty drop when 'Mr Big' decides to come onboard finally.
'Mr Big' will also be the cause for 500$ and maybe even $750.
300$ on or before 15 April.
next destination will be 500 USD
ha ha ha
I see what you did with Title
Cheers
next destination will be 500 USD
haha :p
The greatest redistribution of wealth in human history is happening right in front of our eyes. proud to be a part of it ...go bitcoins go keep on rising!!
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