Topic: Difficulty increased (Read 946 times)
I'm sure it will be, and in that, more miners will inevitably join the market, leading to less profitability, leading to miners leaving, leading to more profitability, etc (see the loop?). All in all, it will go through phases, but will likely remain at least a decent source of income.
Do you think is it still worth to invest on hardware just to mine coins with it?
If only I had a BTC for every time I saw this question
Naturally, you're better off upgrading GFX cards and power supplies in existing systems that can handle them. As far as building entirely new systems, it might well be 4-6 months before you'll pay off your initial hardware investment. Like any investment, it is important to only invest what you're willing to lose; mining BTCs just has the added benefit that you'll still have the hardware to sell or use if your mining venture doesn't pay off.
Personally, I'm waiting with bated breath for the next couple of months to see if any government agency develops a method to interfere or shut down the network.
Personally, I'm waiting with bated breath for the next couple of months to see if any government agency develops a method to interfere or shut down the network.
Do you think is it still worth to invest on hardware just to mine coins with it?
With governments/politicians spending money like drunken sailors which keeps weakening current currencies, BTC is a unique solution to that problem with a cap to how much currency can exist.
I think of it as a investment for the future. It may not pay off for us, but will, possibly, for our posterity.
My 0.02 BTC worth,
Sam
It's all speculation really. People have been saying for a while now that in just a very short time it would be no longer worth it - yet it continues to be worth it. Which isn't to say it will be worth it for a long time, just that no one really knows or can even make an educated guess. That said, mining will always be borderline profitable at the least. While some people don't have to pay power bills, they are in the minority. So in some sense it will always be worth it (in the scenario that bitcoin remains used) depending on how patient you are.
Do you think is it still worth to invest on hardware just to mine coins with it?
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