Unless you're an Asic Manufacturer and create your own chips and hash boards, the answer is a resounding NO.
Just buy BTC at this undervalued price, you won't regret it!
Topic: Is mining still profitable? - page 3. (Read 5956 times)
it is profitable if you have big ASIC for mining and have some patient for return of your investment
if you are thinking amount mining with small hardware like GPU or small asic then you should avoid this
if you are thinking amount mining with small hardware like GPU or small asic then you should avoid this
Depends on your budget and proper setup.
Yes, in ccertain situations, and with cheap hardware
Cloudmining is so stupid I cannot understand why anyone would do it. You are basically buying coins delivered in the future and you are paying more than if you just bought the coin and received delivery of the coin that day.
What about hosted mining? I'm doing it right now and don't see a huge difference between buying a whole miner that is hosted and buying shares.Example, if you are paying $200 US per month to host your miner with someone else there could (likely) will come a day, when you owe the host MORE than the coin that was mined.
What do you do then? Does he get to keep the miner? Do you ship the miner back to yourself (to do what with it?)?
You can simply make scenarios in your head with a combination of difficulty and price where this happens (and sooner rather than later). Do yourself a favor and figure out how many coins per month your miner is production with the 245,000 TH/s that the network now is (1 TH/s / 245,000 TH/s X 3600 coins a day = 0.0147 coins a day). The network is still growing but let's pretend it is not growing. You are currently receiving 0.44 Bitcoin per month for that 1 TH/s miner. It does not take bitcoin to drop much lower before you cannot even pay your hosting bill let alone ever get the money back from the miner purchase.
Cloudmining is so stupid I cannot understand why anyone would do it. You are basically buying coins delivered in the future and you are paying more than if you just bought the coin and received delivery of the coin that day.
What about hosted mining? I'm doing it right now and don't see a huge difference between buying a whole miner that is hosted and buying shares.
I do not think at any time since the batch 1 avalons anyone can make a case that it was more profitable to buy miners than to have just bought the bit coin with the same amount of money. The only possible exception to that is likely the people that used bit coin at $1000 to buy from KNC and then received US $ refunds (which is not mining).
Cloudmining is so stupid I cannot understand why anyone would do it. You are basically buying coins delivered in the future and you are paying more than if you just bought the coin and received delivery of the coin that day.
Cloudmining is so stupid I cannot understand why anyone would do it. You are basically buying coins delivered in the future and you are paying more than if you just bought the coin and received delivery of the coin that day.
Depends on assumptions:
https://bitcointalksearch.org/topic/the-expected-lifetime-of-hashing-power-800842
Right now, you are probably better off just buying BTC.
https://bitcointalksearch.org/topic/the-expected-lifetime-of-hashing-power-800842
Right now, you are probably better off just buying BTC.
Or unless you have free electricity, but even with free electricity newer miners like the S4 would take over a year to ROI at 15% difficulty increase.
Not for individuals
If you buy actual mining hardware then no. You will be eaten alive in cooling and electricity cost.
If you use cloud mining, IE Gaw Miners hashlets, then potentially. I just hit 85% ROI today after 35 days of mining and will reach 100% soon. Also if you're new to mining, never ever buy pre-orders they essentially never work out. If you going to buy hardware instead of cloud mining I'd suggest bitmaintech as they deliver SHA-256 items very quickly. If your going to buy scrypt hardware either wait for Bitmaintech's new device to actually be SHIPPED (do not pre-order) or buy from Gaw miners.
TLDR: I'd suggest cloud mining or buying bitcoin directly.
If you use cloud mining, IE Gaw Miners hashlets, then potentially. I just hit 85% ROI today after 35 days of mining and will reach 100% soon. Also if you're new to mining, never ever buy pre-orders they essentially never work out. If you going to buy hardware instead of cloud mining I'd suggest bitmaintech as they deliver SHA-256 items very quickly. If your going to buy scrypt hardware either wait for Bitmaintech's new device to actually be SHIPPED (do not pre-order) or buy from Gaw miners.
TLDR: I'd suggest cloud mining or buying bitcoin directly.
I don't want a 10 page answer please!!
Please make your answers as short as possible, a simple yes/no will do.
Please make your answers as short as possible, a simple yes/no will do.
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