Since there are already
"professional miners"
in the bitcoin mining sector, I'm afraid it's far too late for people who fell behind on bitcoin ever since 2012..
Well, unless you have a lot of GH/s in your hands, you may still actually make a profit. It's far too late for people even like me to mine now though.
Topic: Is it too late to mine Bitcoin ? (Read 1589 times)
Not too late, hop on one of these:
BTC mining is a no go without a serious upfront investment. Much better off mining alts (and optionally selling them for BTC), and you can get started with a single GPU
It's not too late.
Just need more to invest that's all. People please, think
Just need more to invest that's all. People please, think
For BTC mining it is too late, unless you produce ASIC chips
As you can see, the difficulty of mining has increased out of the normal users hands for BTC. There are many alternative coins that you can mine now with GPU's and trade them for BTC.
But, setting up GPU and everything how much is that? I dont have like $3,000 like some people are selling their rigs for..
You know where I can find, used GPU`s? besides ebay..
What is your budget?
You can find some GPUs (both new and used) here. https://bitcointalk.org/index.php?board=75.0
the mining difficulty keeps increasing?
Bitcoin difficulty adjusts itself every 2016 blocks, based on the total time taken to find the previous 2016 blocks.
The difficulty will keep increasing with more and more ASICs coming out to the market.
Why does the bitcoin's worth keep dropping and the mining difficulty keeps increasing?
The price is always up and down. As for the difficulty its daily, based upon the network being more secure.
If your asking for the recent drop, its based upon Mt.Gox`s incident and other exchanges due to a "unconfirmed transactions aka: double spending".
Why does the bitcoin's worth keep dropping and the mining difficulty keeps increasing?
Guys is it too late to get involved in Bitcoin mining ?
Its not too late it just need more hashrate :-)
more hash-power=more investment(HW+power and money) to be considerd
Guys is it too late to get involved in Bitcoin mining ?
Its not too late it just need more hashrate :-)
As you can see, the difficulty of mining has increased out of the normal users hands for BTC. There are many alternative coins that you can mine now with GPU's and trade them for BTC.
But, setting up GPU and everything how much is that? I dont have like $3,000 like some people are selling their rigs for..
You know where I can find, used GPU`s? besides ebay..
As you can see, the difficulty of mining has increased out of the normal users hands for BTC. There are many alternative coins that you can mine now with GPU's and trade them for BTC.
I'll peep in to humbly recommend Cognitivemining.com. The CEO of Cognitive is managing orders for many people, and will have an operation larger in size than Icedrill (mentioned above) in a few months.
We're about to get a huge shipment of hardware from Cointerra (28 terahashes per second worth) and shares are competitively low at https://www.havelockinvestments.com/fund.php?symbol=COG
Cheers
We're about to get a huge shipment of hardware from Cointerra (28 terahashes per second worth) and shares are competitively low at https://www.havelockinvestments.com/fund.php?symbol=COG
Cheers
If you can link to the "Coin terra conversation of 28 THs order", that would be great.
with current price, you cant make any profit? am I right?
you gotta look at how much the hardware cost, and willing to hope the value of btc will rise.
No one can predict that value, but to give you an idea minimum entry $6,000-9,000 for 2 THs.
with current price, you cant make any profit? am I right?
With the recent drop in bitcoin prices, you'll get a better ROI by simply buying bitcoins directly now and waiting for them to appreciate in price over the coming year.
I'll peep in to humbly recommend Cognitivemining.com. The CEO of Cognitive is managing orders for many people, and will have an operation larger in size than Icedrill (mentioned above) in a few months.
We're about to get a huge shipment of hardware from Cointerra (28 terahashes per second worth) and shares are competitively low at https://www.havelockinvestments.com/fund.php?symbol=COG
Cheers
We're about to get a huge shipment of hardware from Cointerra (28 terahashes per second worth) and shares are competitively low at https://www.havelockinvestments.com/fund.php?symbol=COG
Cheers
Oh yeah...have to compete with these guys too...
http://dealbook.nytimes.com/2013/12/21/into-the-bitcoin-mines/?_php=true&_type=blogs&_r=0
http://dealbook.nytimes.com/2013/12/21/into-the-bitcoin-mines/?_php=true&_type=blogs&_r=0
This topic link may better help answer your question. If you are going to mine, better bring some seriously heavy artillery...
https://bitcointalksearch.org/topic/--7216
https://bitcointalksearch.org/topic/--7216
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