Topic: Thoughts on difficulty month-to-month growth... (Read 502 times)
Bitcoin mining is very volatile based on a number of factors. Forecasting profitability more than a month into the future is virtually impossible. Your best bet is to make an EDUCATED guess on the difficulty changes and hope you are somewhere in the ballpark.
Hello all. Newbie miner here considering joining the bitcoin rush. Here's a question for the veterans out there running a small to medium size mining facility (feel free to offer a description of what constitutes a small to medium size mining facility in your mind).
I've seen / used various calculators ie. coinwarz, whattomine etc. to determine a probable profit level for 20 & above S9s. They all seem to present positive results when approaching the game with high levels of hashing power, low cost of power, a consistent rate of difficulty and a favorable BTC value.
But if I try to adjust for future growth of difficulty, the profitability opportunity falls apart. How do others plan your investment to account for future conditions?
Thanks all for any help & insight you can offer on this subject.
Todd
I've seen / used various calculators ie. coinwarz, whattomine etc. to determine a probable profit level for 20 & above S9s. They all seem to present positive results when approaching the game with high levels of hashing power, low cost of power, a consistent rate of difficulty and a favorable BTC value.
But if I try to adjust for future growth of difficulty, the profitability opportunity falls apart. How do others plan your investment to account for future conditions?
Thanks all for any help & insight you can offer on this subject.
Todd
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