Topic: Is it even worth it? (Read 2834 times)
if youre going to mine with some boxes like servers i suggest you wait for the http://www.cryptoindustries.com/?page_id=1450 in time it will be far more profitable than mining btcs.
That's an awesome resource, but I'm willing to except some blurred lines in order to simplify the query greatly. Such levels of specificity would be alright if deciding whether to mine at 550 vs 575 dollar exchange rate, but probably not necessary if you expect current volatility to continue, if not accelerate.
Of course if one expects such a thing, they should maybe just a buy a coin anyways. I'm not really interested in mining as I feel price is always going to keep the pool crowded, but I am interested in the price action and analyzing it technically and fundamentally. For that I need more a feel of the average cost of miners than one specific mining rig.
Spend some time here:
http://mining.thegenesisblock.com/
http://mining.thegenesisblock.com/
I see a lot of people telling others, especially newbies, that it's not worth it to even try, and they have a vested interest in shoo'ing away people.
I'm going to give them the benefit of the doubt.
Here's what I'd like to know, is there a fairly simple calculation involving difficulty and price that can give a dynamic answer to whether it's 'worth it' (meaning if you spend an average amount per GH including power requirements)?
I would think those two numbers the most important, and we are at 800 dollars a bitcoin right now, which makes me think it's got to be worth it while at that price, until a certain difficulty.
I'm going to give them the benefit of the doubt.
Here's what I'd like to know, is there a fairly simple calculation involving difficulty and price that can give a dynamic answer to whether it's 'worth it' (meaning if you spend an average amount per GH including power requirements)?
I would think those two numbers the most important, and we are at 800 dollars a bitcoin right now, which makes me think it's got to be worth it while at that price, until a certain difficulty.
I was thinking of buying some server/mining machines to mine.
But is it worth it?
What's the price on one of these? And how long before it pays off?
Is it steady or does it change daily to mine?
But is it worth it?
What's the price on one of these? And how long before it pays off?
Is it steady or does it change daily to mine?
It really depends what you are good at, if you are good at building computer you can try GPU mining... be sure to have at least 2000$ capital for buying 4 and above GPU.
I was thinking of buying some server/mining machines to mine.
But is it worth it?
What's the price on one of these? And how long before it pays off?
Is it steady or does it change daily to mine?
But is it worth it?
What's the price on one of these? And how long before it pays off?
Is it steady or does it change daily to mine?
It is worth it, cpu mining is currently the best...
As with anything there are benefits and risks.
If you want to get into mining, you need to ask yourself if it is a hobby or an investment and then take your approach. Buying hardware is hard to give a reliable roi, but it is a lot of fun. The CEX.io 'trolls' are keen to promote cloud mining because there is a small kick-back if you register - but at the same time most of them have found cloud mining a good way to be both a bit of fun as a hobby as well as an investment. It also provides a way out if things turn bad quickly.
Make your own choices is the answer - but make sure you have fun and don't waste your money. With any possible large gains, it normally comes with large risks.
If you want to get into mining, you need to ask yourself if it is a hobby or an investment and then take your approach. Buying hardware is hard to give a reliable roi, but it is a lot of fun. The CEX.io 'trolls' are keen to promote cloud mining because there is a small kick-back if you register - but at the same time most of them have found cloud mining a good way to be both a bit of fun as a hobby as well as an investment. It also provides a way out if things turn bad quickly.
Make your own choices is the answer - but make sure you have fun and don't waste your money. With any possible large gains, it normally comes with large risks.
Nothing untrue about what I said, and I was transparent that there is a kickback for signing up. People need to do their own research, but I have found CEX.io to be a great way to get into bitcoin mining.
It's called affiliate marketing. Why shouldn't the people be rewarded for their efforts to promote a company?
I bought some hashing power, because of a recommendation from someone on twitter. He didn't give me his link...
I bought some hashing power, because of a recommendation from someone on twitter. He didn't give me his link...
I was thinking of buying some server/mining machines to mine.
But is it worth it?
What's the price on one of these? And how long before it pays off?
Is it steady or does it change daily to mine?
But is it worth it?
What's the price on one of these? And how long before it pays off?
Is it steady or does it change daily to mine?
First, I ganna warn you of cex.io troll that is putting their referral link (they gain some hash if you buy hash directly under them). Next you can try CPU mining and choose any CPU coin you think is the most profitable...
And you are one of the cex.io troll that you mention. I would suggest doing more research yourself before you decide on anything...
As with anything there are benefits and risks.
If you want to get into mining, you need to ask yourself if it is a hobby or an investment and then take your approach. Buying hardware is hard to give a reliable roi, but it is a lot of fun. The CEX.io 'trolls' are keen to promote cloud mining because there is a small kick-back if you register - but at the same time most of them have found cloud mining a good way to be both a bit of fun as a hobby as well as an investment. It also provides a way out if things turn bad quickly.
Make your own choices is the answer - but make sure you have fun and don't waste your money. With any possible large gains, it normally comes with large risks.
If you want to get into mining, you need to ask yourself if it is a hobby or an investment and then take your approach. Buying hardware is hard to give a reliable roi, but it is a lot of fun. The CEX.io 'trolls' are keen to promote cloud mining because there is a small kick-back if you register - but at the same time most of them have found cloud mining a good way to be both a bit of fun as a hobby as well as an investment. It also provides a way out if things turn bad quickly.
Make your own choices is the answer - but make sure you have fun and don't waste your money. With any possible large gains, it normally comes with large risks.
I was thinking of buying some server/mining machines to mine.
But is it worth it?
What's the price on one of these? And how long before it pays off?
Is it steady or does it change daily to mine?
But is it worth it?
What's the price on one of these? And how long before it pays off?
Is it steady or does it change daily to mine?
You really need to be more specific of what you wanna mine and so on... But like the rest say stay out of ASIC and you should be fine...
I was thinking of buying some server/mining machines to mine.
But is it worth it?
What's the price on one of these? And how long before it pays off?
Is it steady or does it change daily to mine?
But is it worth it?
What's the price on one of these? And how long before it pays off?
Is it steady or does it change daily to mine?
Not worth it, but if you really wanna choose, CPU should be the best choice for now.. You can mine PTS and Primecoin or any other CPU coins...
I was thinking of buying some server/mining machines to mine.
But is it worth it?
What's the price on one of these? And how long before it pays off?
Is it steady or does it change daily to mine?
But is it worth it?
What's the price on one of these? And how long before it pays off?
Is it steady or does it change daily to mine?
It really depends on if you know what you are doing. Some people are mining cpu coins with CPU and they make decent income... So if you can get cheap server/mining machine why not?
I was thinking of buying some server/mining machines to mine.
But is it worth it?
What's the price on one of these? And how long before it pays off?
Is it steady or does it change daily to mine?
But is it worth it?
What's the price on one of these? And how long before it pays off?
Is it steady or does it change daily to mine?
You need to give more information then this like what is your electricity charges.....
That would be free.
I was thinking of putting them in a datacenter. But it's fine. I already have about 13 vps's world wide and make money pushing orders daily earning me $1000's per month with little work. I think I'll try to get as much as 50 vps's to expand my little project with profits daily.
This bitcoin all seems very complicated and what not. I was also thinking if a company makes machines to sell these for you to mine why not keep it all and do it for them and not sell these machines.
Thank you everyone. I guess this was good at the start, but later on get's harder and harder just like anything else in life with people who have access to it.
I was thinking of buying some server/mining machines to mine.
But is it worth it?
What's the price on one of these? And how long before it pays off?
Is it steady or does it change daily to mine?
But is it worth it?
What's the price on one of these? And how long before it pays off?
Is it steady or does it change daily to mine?
Not worth it, its getting harder and harder to make a return from mining...
I was thinking of buying some server/mining machines to mine.
But is it worth it?
What's the price on one of these? And how long before it pays off?
Is it steady or does it change daily to mine?
But is it worth it?
What's the price on one of these? And how long before it pays off?
Is it steady or does it change daily to mine?
You need to give more information then this like what is your electricity charges.....
no, and don't get scammed by cex.io trolls,they just wanth free Gh/s.
Yeah, those CEX.io trolls are everywhere but it's worth mentioning that the "free Gh/s" only exists as long as the person retains some mining capacity on the CEX.io exchange, otherwise, it disappears.
no, and don't get scammed by cex.io trolls,they just wanth free Gh/s.
But is it worth it?
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