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Topic: MINING difficulty increasing (Read 531 times)

newbie
Activity: 42
Merit: 0
September 26, 2017, 10:41:40 AM
#3
this  certainly a balancing act....generally speaking, can one make enough on a monthly basis to cover all these cost and still earn a bit to maintain a near average standard of living?
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
September 26, 2017, 07:42:28 AM
#2
with the level of mining difficulty increasing fro bitcoin, what's the best approach to mining and which equipment's provide the best results in the process
  you are new and can not join this contest


https://bitcointalksearch.org/topic/difficulty-contest-sept18-prize-a-sealed-trezor-wallet-picks-are-closed-2188103


but I ran them for years

difficulty ebbs and flows but in general it goes up.

realize  you don't  know more then a few weeks and also realize  with the pressure cause with the creation of BCC/BCH

all known rules of the diff have been altered.

I try to thread water  cash most of the coins earned  and hold some coin.

Hoping to make some money  each day.   but if coins go way up I have the extra coin for big profit.

New gear is not important  as gear will no longer get much better.
Working gear
Low power
slow exspansion

how to handle the coin you earn

1)hold some of the coin  to be cashed only when price moves up a lot.
2)sell enough coin to turn  a monthly profit over  monthly costs
3)sell some more coin to pay off the machines you have
4)sell some more coin for slow expansion
5) sell some more coin to replace dead gear

newbie
Activity: 42
Merit: 0
September 26, 2017, 07:25:21 AM
#1
With the level of mining difficulty increasing for bitcoin, what's the best approach to mining and which equipments provide the best results in the process.
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