Christ, difficulty already at 156 while the price stays the same
Is the system designed to go up in difficulty along with price or with the amount of mining going on?
Because if the amount of miners is what changes difficulty it doesn't seem logical that so many new people get into mining with the difficulty spiraling upwards as it is.
I'd imagine mining right now for any individual is a net-loss, all things considered.
Topic: Is Mining REALLY worth it? - page 3. (Read 4592 times)
Worth it if you have a great mining rig,
But it wouldn't hurt to earn bitcoins by other means.
But it wouldn't hurt to earn bitcoins by other means.
Of course it's worth it; if you're a pool operator at least. 
I say depends which country you live in 
yea, if you want to make some money, wait until it drops down to $10 again and buy a bunch of coins. or you can buy some now at $15 and hope it goes to $30, but i think it will be a while before we see that again. prices seem to be averaging at around $15 over the last few weeks. ask yourself how much is it going to cost to get your rig going, and how many bitcoins you estimate it will mine in its lifetime minus electricity costs.. and then ask yourself how many bitcoins could i own if i used that rig / electricity money to buy them on the market.
At this point you should be doing it for fun because the profit level just really isnt there.
Bitcoin offers several things right now - a way to easily send, to send money discretely, and a few others. It does not offer free money. If you want to invest in Bitcoin (under the assumption that it will go up in price and you will make money) you can do that by putting money into equipment and mining at a loss for the time being, or buy simply purchasing and holding bitcoins. It is not a free money give away.
imo if it stays near $20 a coin then its profitable for me, otherwise if it keeps dropping to 13 or less then i'd think about stopping. I hear a lot that it will be going up in the future, this doesn't help me now if my power bill exceeds my cash flow
I see people post videos on youtube about how they paid off thier equiptment in the first month, and i see the uploaded date in youtube saying it was just 1 month ago.... Right now, I have about the same specs as that guy, and I don't see me paying this equiptment off for at LEAST 4 months if not more as the Diff level increases.
1.) The guy posted, and had well over 300 BitCoings for 1 month of mining..
2.) He showed the Mt. Gox website at $28 per Bitcoin.
I know this doesn't exist anymore... Just really discouraged today i guess... Wanted to get everyones input on the future of mining.
1.) The guy posted, and had well over 300 BitCoings for 1 month of mining..
2.) He showed the Mt. Gox website at $28 per Bitcoin.
I know this doesn't exist anymore... Just really discouraged today i guess... Wanted to get everyones input on the future of mining.
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