You should think that's it quite logical that mining is not profitable. For the time it is, people would jump in. When it's not people won't take that jump. It will always balance itself to the point it's going to cost as much as you can earn with it.
Given that the price of Bitcoin not really correlates to the cost of mining, the only hope of it becoming profitable again is an increase in popularity of the coin.
Topic: Mining seems unprofitable...? (Read 746 times)
Almost all the articles I have read show that Bitcoin mining is not profitable. The only profit is from the rise in Bitcoin price, so you would be better off just buying Bitcoins and holding them, if you think they will go up.
I remember reading the same somewhere in the beginning of 2013. Now look at mining rush after jump-to-the-moon in November, and the total shortage of ASICs and other dedicated miners.
You get about half of the machine's worth the first month, then half of that the next month, etc.
GPU scrypt mining, CPU coin mining, and CPU Cloud mining are different of Your design.
Almost all the articles I have read show that Bitcoin mining is not profitable. The only profit is from the rise in Bitcoin price, so you would be better off just buying Bitcoins and holding them, if you think they will go up.
- Eric
- Eric
Well.. im pretty new as well... and what ive read and heard is that mining is not profitable.. however.. if everybody had that opinion.. will bitcoin still have teh potential people think??
Whilst i'm new to this and don't have any experience as insight. From conversations i've had with people in the know, it's better to focus on the new good looking alts that come out and they can be pretty profitable.
Mine some smaller alts and leave the Bitcoin mining to the bigtime miners.
Hi,
Lost the passwd to my account and now I need to go through n00b jail. Oh well..
So I thought I'd spend some EUROs on an ASIC miner. But you know what, almost all machines will only arrive march or april. By then mining doesn't seem to be profitable anyhow. You get about half of the machine's worth the first month, then half of that the next month, etc. For most ASICs you won't break even! See for youself http://mining.thegenesisblock.com/
Cheers!
Lost the passwd to my account and now I need to go through n00b jail. Oh well..
So I thought I'd spend some EUROs on an ASIC miner. But you know what, almost all machines will only arrive march or april. By then mining doesn't seem to be profitable anyhow. You get about half of the machine's worth the first month, then half of that the next month, etc. For most ASICs you won't break even! See for youself http://mining.thegenesisblock.com/
Cheers!
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