I can at least double my funds in 6 months with trading
Famous last words.
Topic: Is 3 x 2TH/S from Cointerra, total 6TH.. Profitable? (Read 2187 times)
Famous last words.
profit if it started today, but no
Hi all..
I have never mined before, but i am planning to mine with 6TH from January if Cointerra delivers.
I pay around $0.26 kw/h.. My question is will this be profitable?? and how much?
If it's not then i won't buy it, also is it possible to manipulate the difficulty to not rise so much?
I have never mined before, but i am planning to mine with 6TH from January if Cointerra delivers.
I pay around $0.26 kw/h.. My question is will this be profitable?? and how much?
If it's not then i won't buy it, also is it possible to manipulate the difficulty to not rise so much?
Your electricity is too expensive, I would recommend you not to.
The HashFast sale is the best deal right now. Only on until Monday, though.
The Terraminer IV makes a positive return until an average rise of about 27% per difficulty adjustment. Pretty good, pending on time delivery, with an early place in the queue. Oddly enough we average 26.97% taking the last two months into account. There are a lot of ASICs about to come out too.
The Terraminer IV makes a positive return until an average rise of about 27% per difficulty adjustment. Pretty good, pending on time delivery, with an early place in the queue. Oddly enough we average 26.97% taking the last two months into account. There are a lot of ASICs about to come out too.
1. ASIC Miners give up because of the difficulty and profitability (Difficulty Reduces = Scarcity Reduces = Price Decreases).
This is extremely unlikely, since even though it may not be profitable to purchase an ASIC, once the ASIC is out of the factory, it will be better to let it run than to dispose of it (of course, the "let it run" may come after being sold to someone else first). You can assume that pretty much any ASIC that is produced will keep hashing as long as it's still reasonably profitable to leave it on.
A USB Block Erupter, the least efficient ASIC miner, will still produce more than it consumes in power until the difficulty is at least 15 times what it is now and potentially quite a bit longer in areas with low power costs.
The difficulty explosion may reduce future (pre-)orders, but right now there is still a ton of pre-orders lined up waiting to be produced and to start hashing. And all these machines will actually get to the hashing, even if they won't earn back the initial investment, because it's still better to have some damage control than to throw it away. The difficulty growth isn't going to go away anytime soon.
It is profitable based on that calculator. But... We never know how many rich kids recently contracted manufacturers to make ASIC Miners for their own consumption. It may or may not make you a profit.
Being in that question means that you are having a little bit of a dilemma on this. One thing is for sure, you got to decide and make it now, whether to order or not.
2 things could happen:
1. ASIC Miners give up because of the difficulty and profitability (Difficulty Reduces = Scarcity Reduces = Price Decreases)
2. More Miners join the fray and cause to raise the difficulty to MT. Everest (Difficulty Increases = Scarcity Increases = Price Increases)
Or could be a mix of 2.
Being in that question means that you are having a little bit of a dilemma on this. One thing is for sure, you got to decide and make it now, whether to order or not.
2 things could happen:
1. ASIC Miners give up because of the difficulty and profitability (Difficulty Reduces = Scarcity Reduces = Price Decreases)
2. More Miners join the fray and cause to raise the difficulty to MT. Everest (Difficulty Increases = Scarcity Increases = Price Increases)
Or could be a mix of 2.
bitcoin's price and scarcity does not at all correlate with how many miners there are or what technology they are using to mine. bitcoin was designed so that its money supply would increase at a constant rate. this is done by the mining difficulty adjustment algorithm. when more and more ASICs are mining, the higher the difficulty gets, so ASICs cannot generate any more coins than were being generated before.
It is profitable based on that calculator. But... We never know how many rich kids recently contracted manufacturers to make ASIC Miners for their own consumption. It may or may not make you a profit.
Being in that question means that you are having a little bit of a dilemma on this. One thing is for sure, you got to decide and make it now, whether to order or not.
2 things could happen:
1. ASIC Miners give up because of the difficulty and profitability (Difficulty Reduces = Scarcity Reduces = Price Decreases)
2. More Miners join the fray and cause to raise the difficulty to MT. Everest (Difficulty Increases = Scarcity Increases = Price Increases)
Or could be a mix of 2.
Being in that question means that you are having a little bit of a dilemma on this. One thing is for sure, you got to decide and make it now, whether to order or not.
2 things could happen:
1. ASIC Miners give up because of the difficulty and profitability (Difficulty Reduces = Scarcity Reduces = Price Decreases)
2. More Miners join the fray and cause to raise the difficulty to MT. Everest (Difficulty Increases = Scarcity Increases = Price Increases)
Or could be a mix of 2.
Actually according to that calculator its not profitable at all.. i will break even after 3 months, thats in 6 months from now and after that it gives me almost nothing. I don't think miners will give up infact there will be more powerful mining hardware available by companies and more people to buy and difficulty will rise. In this case i consider it as not profitable. So i decide not to buy it. I can at least double my funds in 6 months with trading. Thanks anyway
It is profitable based on that calculator. But... We never know how many rich kids recently contracted manufacturers to make ASIC Miners for their own consumption. It may or may not make you a profit.
Being in that question means that you are having a little bit of a dilemma on this. One thing is for sure, you got to decide and make it now, whether to order or not.
2 things could happen:
1. ASIC Miners give up because of the difficulty and profitability (Difficulty Reduces = Scarcity Reduces = Price Decreases)
2. More Miners join the fray and cause to raise the difficulty to MT. Everest (Difficulty Increases = Scarcity Increases = Price Increases)
Or could be a mix of 2.
Being in that question means that you are having a little bit of a dilemma on this. One thing is for sure, you got to decide and make it now, whether to order or not.
2 things could happen:
1. ASIC Miners give up because of the difficulty and profitability (Difficulty Reduces = Scarcity Reduces = Price Decreases)
2. More Miners join the fray and cause to raise the difficulty to MT. Everest (Difficulty Increases = Scarcity Increases = Price Increases)
Or could be a mix of 2.
Estimated at The genesis Block with todays increase in difficulty and stedy BTC rate.
http://mining.thegenesisblock.com/a/f1615358be
http://mining.thegenesisblock.com/a/f1615358be
Hi all..
I have never mined before, but i am planning to mine with 6TH from January if Cointerra delivers.
I pay around $0.26 kw/h.. My question is will this be profitable?? and how much?
If it's not then i won't buy it, also is it possible to manipulate the difficulty to not rise so much?
I have never mined before, but i am planning to mine with 6TH from January if Cointerra delivers.
I pay around $0.26 kw/h.. My question is will this be profitable?? and how much?
If it's not then i won't buy it, also is it possible to manipulate the difficulty to not rise so much?
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