There was never any "mining for massive profit. That is just a legend. Mining has never been more than slightly profitable.
Oh, it was. :) 
Topic: What every miner should know about - page 2. (Read 4688 times)
I believe the mining for a massive profit is a thing of the past. Difficulty rises too quickly to expect any profit at all. The sad thing is most buyers of asics will not realise that until they have bought one and mined with it.
There was never any "mining for massive profit. That is just a legend. Mining has never been more than slightly profitable.
I believe the mining for a massive profit is a thing of the past. Difficulty rises too quickly to expect any profit at all. The sad thing is most buyers of asics will not realise that until they have bought one and mined with it.
The irony is a lot of the people contributing to the massive difficulty, making it unprofitable, are never even going to realize a profit themselves because they will give up and likely sell their mined coins at an overall loss.... then resell the used equipment to some new bagholder...
This is almost like 20 people cramming onto an elevator that can only support 10 people.
Wow the minerscube looks really good on charts.
If the company is legit.......
Also, Peercoin.
I believe the mining for a massive profit is a thing of the past. Difficulty rises too quickly to expect any profit at all. The sad thing is most buyers of asics will not realise that until they have bought one and mined with it.
Difficulty is working as intended, well done Satoshi Nakamoto.
The problem is mainly the absurd cost of these devices. Sort of like GPU mining; people that paid $100-150 for high hashing GPUs back before Black Friday last year are sitting pretty while people who paid $500+ for those same cards a few months later may find it difficult to break past their initial investment.
i guess im just one of those weird guys that just like having something put back for future gains and dont mind a lose now. Because to me anything that can benefit you in the future during a bad turn is better then gloating over your loses now. And if it dont work out it dont, not like i lost my house over it
Stop pushing Minerscube 15 or whatever it is you're trying to sell to unsuspecting noobs.
I'm not pushing anything to anybody.If it looks like pushing, maybe I should offer advertisment to minerscube’s guys? :)
Any pre-order you buy today will not break-even or take months/years.
This is why I wrote this: Minerscube 15 (1666 Mhash/s/$) will make profit for you if you'll buy it todayAnd "buy today" means "got today".
I don't know anything about pre-orders or delivery time. For me it's just a number, and this number looks good.
So what is the best thing to mine bitcoins with now days? give me an example for let's say $10000. 
my abacus miner will rock.... i get the practice my finger dexterity
If you buy a mining rig today after reading this, you deserve to lose everything, including the shirt on your back.
Don't be so categorical. Minerscube 15 looks quite a good. Of course, if you will not get it in six months. 
Stop pushing Minerscube 15 or whatever it is you're trying to sell to unsuspecting noobs. Any pre-order you buy today will not break-even or take months/years.
Plus one for taking the time to spell it out for those who are unaware!
It seems the OP is a little biased toward the miners cube?
I don't know anything about minercubes except they got 1666 Mhash/s/$. :)
It seems the OP is a little biased toward the miners cube?
Honestly I think any Bitcoin mining equipment purchased at this point will be hard pressed to make a profit. The prices and difficulty rising and price being unpredictable at best have all contributed to that.
Honestly I think any Bitcoin mining equipment purchased at this point will be hard pressed to make a profit. The prices and difficulty rising and price being unpredictable at best have all contributed to that.
If you buy a mining rig today after reading this, you deserve to lose everything, including the shirt on your back.
Don't be so categorical. Minerscube 15 looks quite a good. Of course, if you will not get it in six months.
If you buy a mining rig today after reading this, you deserve to lose everything, including the shirt on your back.
Wow the minerscube looks really good on charts.
Which rate do you choose?
Just check out the second chart. I drew 5%, 20% and 30% lines. And I drew the first chart so everybody can see how difficulty grew up in past.I can't say something for exactly, but I did my best to provide a clear vision of entire situation.
You can only mine finite amount of bitcoins with ASIC miner
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A miner will mine a finite amount because it will stop working at some point.
As a rule of thumb, an estimate of mining revenue that assumes exponential growth is useful, but it is only an estimate. The problems with using the exponential model are that the rate of increase is not constant, and that the prediction can vary wildly depending on the rate you choose. Just a few months ago people were estimating that the difficulty would increase by 40%. Now it looks like it might be only 20%. At some point, limits will be reached and the rate is going to drop below 10%. Moore's Law is around 3%. Which rate do you choose?
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