Author

Topic: Bitcoin Hash Rate (Read 910 times)

member
Activity: 84
Merit: 10
PM for journalist,typing,and data entry services.
April 01, 2014, 09:57:08 PM
#4
What is the minimum hash rate needed to meaningfully mine Bitcoin?

You could go script mining. $1500 gets a CONSITENT $250 ish equiv. to btc monthly. Since there are so many coins, you can also swap algo's if you choose. Unless actually mine sha256, I'd go with 3 s'1s personally, and eventually trade up to a s2.
sr. member
Activity: 434
Merit: 250
April 01, 2014, 09:53:33 PM
#3
What is the minimum hash rate needed to meaningfully mine Bitcoin?

2 x Antminer S1 will make you about 1 BTC a month right now.
hero member
Activity: 546
Merit: 500
March 31, 2014, 03:02:54 PM
#2
That's a very vague question and the answer changes every 10ish days!

To help answer the question properly what are you goals?
How much do you have to invest/lose?
How much is electricity where you will be mining?

Online calculators (like genesis block mining calc) will be a place to start to give you an idea of your return over a period for a certain hashrate and cost, but there is a lot more to it than just saying 1THs is enough.  Enough for how much for how long and what can you justify spending on that 1Ths?
full member
Activity: 212
Merit: 101
March 31, 2014, 07:45:04 AM
#1
What is the minimum hash rate needed to meaningfully mine Bitcoin?
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