Topic: Serious minning inquire (Read 948 times)
Anybody who orders now will probably never get their money back. Just buy BTC with that money instead.
It's hard to take you serious when you spelled mining with an extra "n"
Check this article out: http://http://bitcoinsbs.wordpress.com/2013/06/27/quick-math-what-will-my-mining-rig-bring-in/
It's a way of ball parking the income from a miner given the total network hash rate and BTC price.
There 3 variables that determine your icome
1) Your hash rate
2) Total network hash rate
3) Price of BTC
The article talks about some tricks to quickly figure out what you might make. Its a better way to look at it than the online calculators.
It's a way of ball parking the income from a miner given the total network hash rate and BTC price.
There 3 variables that determine your icome
1) Your hash rate
2) Total network hash rate
3) Price of BTC
The article talks about some tricks to quickly figure out what you might make. Its a better way to look at it than the online calculators.
Your questions are the same as everyone else's, and the answer is the same: no one knows for sure.
Bitcoin mining is a risky investment. However it's highly unlikely that you're going to get rich by adding yourself to the bottom of BFL's (or anyone else's) pre-order list.
But no one knows. The price of bitcoin could jump to $500 by the time you get your miner or it could stay stable (or crash) while the difficulty continues to climb.
Mining calculators can't predict the exchange rate of bitcoin which makes it hard to tell if you'll ever make a profit on your miner.
Good luck, and make sure you don't invest more than you can afford to lose.
Bitcoin mining is a risky investment. However it's highly unlikely that you're going to get rich by adding yourself to the bottom of BFL's (or anyone else's) pre-order list.
But no one knows. The price of bitcoin could jump to $500 by the time you get your miner or it could stay stable (or crash) while the difficulty continues to climb.
Mining calculators can't predict the exchange rate of bitcoin which makes it hard to tell if you'll ever make a profit on your miner.
Good luck, and make sure you don't invest more than you can afford to lose.
Hi everyone,
I'm just starting to get in the bitcoin mining bandwagon having just purchased a new mining device.
However, trying to plan ahead, I run the calculator on TGB: http://mining.thegenesisblock.com/
and things look pretty grim.
I was planning on getting a 50 GHZ miner at the end of the year, or perhaps beggining of the next. The calculator shows me absolutely no revenue from that. Ever. Due to difficulty increase.
I was, in the long run, planning to get a 500 GHZ as well, but things look pretty bad aswell.
That calculator shows me that I will never ever get revenue if I start mining with a 500 GHZ in the next few months and since I know for a fact the difficulty will increase due to the increment of people mining, can't help but wonder: What's next. Is that even possible? Will difficulty increment that fast and in such big jumps? Will the ASIC technology be enough? I was totally prepared to do this but Now I'm a little discouraged (just a lil).
Will the future of mining is combining hardware with others? New technology?
I know it's just a calculator that gives estimates. Seem spretty legit though.
Looking forward to your answers.
I'm just starting to get in the bitcoin mining bandwagon having just purchased a new mining device.
However, trying to plan ahead, I run the calculator on TGB: http://mining.thegenesisblock.com/
and things look pretty grim.
I was planning on getting a 50 GHZ miner at the end of the year, or perhaps beggining of the next. The calculator shows me absolutely no revenue from that. Ever. Due to difficulty increase.
I was, in the long run, planning to get a 500 GHZ as well, but things look pretty bad aswell.
That calculator shows me that I will never ever get revenue if I start mining with a 500 GHZ in the next few months and since I know for a fact the difficulty will increase due to the increment of people mining, can't help but wonder: What's next. Is that even possible? Will difficulty increment that fast and in such big jumps? Will the ASIC technology be enough? I was totally prepared to do this but Now I'm a little discouraged (just a lil).
Will the future of mining is combining hardware with others? New technology?
I know it's just a calculator that gives estimates. Seem spretty legit though.
Looking forward to your answers.
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