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Topic: Is it even worth it in 2016? - page 2. (Read 1154 times)

legendary
Activity: 4522
Merit: 3426
May 18, 2016, 07:05:45 PM
#3
I plan on mining with an Antminer S7 running at 4.330 Th/sec
I am buying it and the power supply for $750
I do not fully understand the "diffuculty rates" and I don't know if it is worth my time and money.
Any help would be greatly appreciated.  Smiley

Here is what you need to know: Until you fully understand difficulty, don't mine.
hero member
Activity: 798
Merit: 506
Thank satoshi
May 18, 2016, 06:48:50 PM
#2
Just wait until for the new asics after the reward halving. Right now it's very risky to purchase bitcoin miners because the reward will be cut by half and make you more likely not be able to get ROI.
newbie
Activity: 1
Merit: 0
May 18, 2016, 06:01:34 PM
#1
I plan on mining with an Antminer S7 running at 4.330 Th/sec
I am buying it and the power supply for $750
I do not fully understand the "diffuculty rates" and I don't know if it is worth my time and money.
Any help would be greatly appreciated.  Smiley
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