You need to use calculator like on bitcoinx. To estimate profit
would coinwarz work?
Topic: Mining? - page 2. (Read 1300 times)
would coinwarz work?
Can anyone recommend a good(the best) miner hardware in the markets right now? The best bang for your bucks of course. Is it even worth mining anymore? Estimated ROI?
The best way to make money on bitcoins is to buy as much coin as you can afford right now.
Most people believe the price of bitcoin will go up.
You then sell the coins for a lot more profit than you will make mining.
This is pretty spot on.
Most cant afford it anymore esp with the TH`s in the thousands, last time I saw a terraminer going for $8,000.
Then again price drops can happen, which is what I`m waiting on.
I probably wont buy a miner now, but just focus on making dollars to buy bitcoin.
Mining bitcoins requires an up-front investment, and the equipment you get should mine more than its cost. Right now, you will probably not make a profit if you pay more than 5 BTC per TH/s, assuming the difficulty increases 20% each time.
It is possible to make money mining alt coins if you already have the equipment, and probably not if you must buy equipment.
Seriously? difficulty goes up 20% each time? that's damn high, how often It increases? It is possible to make money mining alt coins if you already have the equipment, and probably not if you must buy equipment.
I want to congratulate you for asking the two most important questions regarding mining profitability. Unfortunately, most new miners don't bother doing any research on profitability and end up losing money.
Bitcoin difficulty changes every 10 - 12 days. The average increase has been 25% - 30% over the last year, but it has been lower lately.
You can check the historical difficulty at the bottom of the page https://bitcoinwisdom.com/bitcoin/difficulty
The increase each period was 20-30% in Dec2013 and Jan2014, and became 15-20% recently.
Mining bitcoins requires an up-front investment, and the equipment you get should mine more than its cost. Right now, you will probably not make a profit if you pay more than 5 BTC per TH/s, assuming the difficulty increases 20% each time.
It is possible to make money mining alt coins if you already have the equipment, and probably not if you must buy equipment.
Seriously? difficulty goes up 20% each time? that's damn high, how often It increases? It is possible to make money mining alt coins if you already have the equipment, and probably not if you must buy equipment.
I want to congratulate you for asking the two most important questions regarding mining profitability. Unfortunately, most new miners don't bother doing any research on profitability and end up losing money.
Bitcoin difficulty changes every 10 - 12 days. The average increase has been 25% - 30% over the last year, but it has been lower lately.
You are extremely unlikely to make ROI on any hardware (unless you have free electricity).
Try using this site to work out ROI:
https://tradeblock.com/mining/
This should give an indication. Difficulty in unpredictable and you will never know how much is currently on pre order.
Try using this site to work out ROI:
https://tradeblock.com/mining/
This should give an indication. Difficulty in unpredictable and you will never know how much is currently on pre order.
Mining bitcoins requires an up-front investment, and the equipment you get should mine more than its cost. Right now, you will probably not make a profit if you pay more than 5 BTC per TH/s, assuming the difficulty increases 20% each time.
It is possible to make money mining alt coins if you already have the equipment, and probably not if you must buy equipment.
It is possible to make money mining alt coins if you already have the equipment, and probably not if you must buy equipment.
Seriously? difficulty goes up 20% each time? that's damn high, how often It increases?
What about GPU mining ASIC-resistent (scrypt-n for example) altcoins?
The price of them isn't high, mostly pump and dump alt coins. 
What about GPU mining ASIC-resistent (scrypt-n for example) altcoins?
You need to use calculator like on bitcoinx. To estimate profit
Can anyone recommend a good(the best) miner hardware in the markets right now? The best bang for your bucks of course. Is it even worth mining anymore? Estimated ROI?
It's really hard to even hit ROI since the difficulty is increasing so hard+ your powercost and time taken to manage it. The worst part is that some of them don't even deliver their ASICs. 
Can anyone recommend a good(the best) miner hardware in the markets right now? The best bang for your bucks of course. Is it even worth mining anymore? Estimated ROI?
The best way to make money on bitcoins is to buy as much coin as you can afford right now.
Most people believe the price of bitcoin will go up.
You then sell the coins for a lot more profit than you will make mining.
Mining bitcoins requires an up-front investment, and the equipment you get should mine more than its cost. Right now, you will probably not make a profit if you pay more than 5 BTC per TH/s, assuming the difficulty increases 20% each time.
It is possible to make money mining alt coins if you already have the equipment, and probably not if you must buy equipment.
It is possible to make money mining alt coins if you already have the equipment, and probably not if you must buy equipment.
Can anyone recommend a good(the best) miner hardware in the markets right now? The best bang for your bucks of course. Is it even worth mining anymore? Estimated ROI?
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