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Topic: Is it worth it? - page 2. (Read 1520 times)

newbie
Activity: 4
Merit: 0
August 19, 2011, 05:25:10 PM
#5
If your computer can do it, then why not? But, if you are looking to spend money on a rig, though, I would instead just spend that money on bitcoins right now. Bitcoin prices are only going to go up in the long run, and getting as many as you can right now is the best strategy IMO.
sr. member
Activity: 457
Merit: 250
August 19, 2011, 04:15:55 PM
#4
Is it $14 that you would've had otherwise?
jr. member
Activity: 62
Merit: 1
August 19, 2011, 03:23:44 PM
#3
Since you seem into it, and already paid for the equipment, and if your electricity costs less than what you stand to collect, then why not? Many folks do it just for fun, as long as it doesnt cost you an arm and a leg.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
August 19, 2011, 02:47:26 PM
#2
Well I'm planning on a fairly low speed mining rig myself, 200-300 and max ~900mhash depening on whenever I'd find "my cards" on ebay Wink

If you want to make profit you'd have to wait for the next rally but that could be a long time considering the current situation. The time where you could make direct profit was only during the peak of the rally and that was very short.

But that said I will probably never sell my bitcoins I make with current technology and wait till I can use them for barter or I can get my hands on something more efficient than gpus in which case I might sell some I don't need, but only to buy more of that stuff Wink
newbie
Activity: 11
Merit: 0
August 19, 2011, 02:33:06 PM
#1
 Is it worth it for people with low hash speeds to bitcoin mine?  With my lows speeds of about 100mhash/s, is it even worth it to mine considering on a mining calculator i'd only end up with about 14$ a month. lol   Is mining only profitable for ppl with expensive rigs pushing a high hash rate, or can someone like myself with a low speed make it a semi-profitable venture.   I think the concept is really cool and I'm enjoying playing with it.  Tongue    Anyways, thank you for your time and patience. Smiley   oh, and thank you in advance for any replies. Cheesy
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