Topic: Future of earning with my 1.6TH Cointerra - page 2. (Read 2856 times)

so the theory goes...

1Th/s brings in say $1000 a month. In two weeks it will only make..  $800... in one month it will only take $640.... in two months .. $409...

wow...  this whole game has a six month shelf life. But of course if the value of the each coin/part coin mined increases then it will balance out slightly...  i doubt will will see an increase of 20% every two weeks.  But we should see something coming back in

How much 1.6 TH/s miner about $4-$5k dollars? I would suggest buy sell your hardware and buy about 10 bitcoins for this money. You will likely double in a matter of time but there is always risk there.

You could make a few simulations with the calculators available and get an idea of what to expect by looking about the different answers; keep it on all the time and sell it at the right time and you may make a profit; you will make quite a few btc that you should hold

To answer your question, I don't know how much you paid for it but no hardware right now will ROI unless btc goes up in price.  AKA just buy the coins, sell the hardware unless you just like mining as a hobby.

That said, how do you drop thousands of dollars on hardware that you don't understand?  This question should have been answered long before you bought the hardware.

Ok, but your advice, should i consider to try to sell my 1.6TH CoinTerra, or just to upgrade with some more hardware and continue earn?

The reason all the mining profit calculators provide different values is because your mining profits depend on two variables that are difficult to predict.  

The first is difficulty, which is currently 8,000,872,136.  Depending on how many (and how powerful) miners there are, the difficulty will automatically adjust so the same number of Bitcoins are being distributed per hour.  More mining does not equal more Bitcoins found -- except in the very short-term.  This number adjusts roughly every two weeks -- by design.  As long as more mining hardware is coming online, the number will go up.

The other number that is difficult to predict is the USD to BTC ratio.   This number is currently about $450 per BTC and depends on a bunch of other factors, including how many Bitcoins are being held, how many are 'lost', how many are spent, how many vendors accept Bitcoin, consumer sentiment towards Bitcoin, good/bad news about Bitcoin, government regulation for/against Bitcoin, etc.

Keep in mind that lots of people shut off their computers and stopped mining when the value of a Bitcoin dropped from $30 to $1 because it no longer paid for the electricity.  If you have the financial means, you might consider holding some of your mined Bitcoin for a day when they might be worth more than $450 each.  

You get different answers because Bitcoin mining is all about estimation, it is changing all the time.
(Difficulty changes exactly every 2016 blocks, but nobody knows exactly how long does it take to find these blocks)

You should have done more research on Bitcoin before investing it.

I basically look at what i am making right now, and reduce it by 20% every 2 weeks or so. I have found many of the mining calculators to be very conservative. I have earned about %30 more than the calculator on bitcoinwisdom said i should earn.

I have Cointerra, mining stabel with 1.6TH, now i am earning about 1500$/month , bcs im new at this, how much will i earn in future? Let's say in 1 month, 6 months, 1 year? I try all calculator, but i get everything different.