Author

Topic: The price and time it takes to get Mining Gear Profitability (Read 1780 times)

newbie
Activity: 40
Merit: 0
|Good enough or lucky enough Wink

Actually, you are probably right Cheesy
Most fund managers are no better than index, but they convince their clients with “special” trading strategy.

here is the website to for LTC calculation

http://bitcoinwisdom.com/litecoin/calculator
newbie
Activity: 40
Merit: 0
sr. member
Activity: 244
Merit: 250
|Good enough or lucky enough Wink

Actually, you are probably right Cheesy
Most fund managers are no better than index, but they convince their clients with “special” trading strategy.
legendary
Activity: 1512
Merit: 1057
SpacePirate.io
So I've seen a few(many) posts regarding people getting their mining equipment months, sometimes a year after they ordered it, by which then the difficulty to mine Bitcoin has already increased, rendering their bought mining rig useless. So, can someone please explain how much of a profit do they make off mining Bitcoin? How much did your rig/asics cost? How much Bitcoins do you make a day average? Is it possible to mine solo instead of in a pool and how much would it cost to do it efficiently?

Xdigital had it right, there are calculators that will tell you when you will pay off your investment in hardware. I make a 90% profit return on mining after paying fixed expenses (power, etc).  Mining equipment varied in price over time, from $5k to as little as $500 depending on when it was purchased. Focus on pooled mining, I don't know anyone who mines solo anymore.
newbie
Activity: 5
Merit: 0
no alt coin mining is profitable
full member
Activity: 127
Merit: 100
|Good enough or lucky enough Wink
sr. member
Activity: 244
Merit: 250
Are there any advantages to mine solo instead of in a pool?

It's like fund manager VS index.  If you are good enough, you will be able to beat the pool.
newbie
Activity: 24
Merit: 0
Are there any advantages to mine solo instead of in a pool?
newbie
Activity: 14
Merit: 0
Yeah it doesn't pay near what you may think!!
legendary
Activity: 1092
Merit: 1000
newbie
Activity: 41
Merit: 0
sr. member
Activity: 462
Merit: 250
Lux e tenebris
So I've seen a few(many) posts regarding people getting their mining equipment months, sometimes a year after they ordered it, by which then the difficulty to mine Bitcoin has already increased, rendering their bought mining rig useless. So, can someone please explain how much of a profit do they make off mining Bitcoin? How much did your rig/asics cost? How much Bitcoins do you make a day average? Is it possible to mine solo instead of in a pool and how much would it cost to do it efficiently?

not much. a lot. not many. yes and a hella lot.
hero member
Activity: 504
Merit: 500
eidoo wallet
So I've seen a few(many) posts regarding people getting their mining equipment months, sometimes a year after they ordered it, by which then the difficulty to mine Bitcoin has already increased, rendering their bought mining rig useless. So, can someone please explain how much of a profit do they make off mining Bitcoin? How much did your rig/asics cost? How much Bitcoins do you make a day average? Is it possible to mine solo instead of in a pool and how much would it cost to do it efficiently?
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