I received my Jupiter on the 10th October. If difficulty increases by 35% each time then:
If $ / BTC = 130 I will break even on 18th January (3 months). Last profitable day 12th May. Net ROI $661.
If $ / BTC = 150 I will break even on 15th December (2 months). Last profitable day 12th May. Net ROI $1,928.
If $ / BTC = 180 I will break even on 25th November (1.5 months). Last profitable day 26th May. Net ROI $3,832.
If difficulty increases by 45% each time then:
If $ / BTC = 130 I will make a loss of $450.
If $ / BTC = 150 I will break even on 1st January (2.75 months). Last profitable day 1st April. Net ROI $649.
If $ / BTC = 180 I will break even on 29th November (1.5 months). Last profitable day 14th April. Net ROI $2,284.
Net figures include cost of hardware, shipping and electricity.
Why am in mining? It looks like it'll be profitable, even if it's not, it's an interesting project.
Topic: Why are you mining BTC? - page 2. (Read 4348 times)
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To earn profit, I mined using middlecoin so my profit is higher then you mine BTC directly 
5 million dollars are wasted each day in electricity
Well, that's your choice. You must be a rich kid or something.
5 million dollars are wasted each day in electricity
I am not a miner myself. However, as far as I understand from the charts, mining BTC has not been profitable the last months. Actuall the profit margin is abt -500%! This means the cost is 5 times the profit. I have previously believed that the mining cost would align itself close to the bitcoin price, due to people start mining when profit is good, and leaving it when its negative. Apparently this is not the case - or? Would like to be enlightened on this matter (I find it very interesting).
Even a USB eruptor will be better off. Just stop wasting your electricity please
Simply as thinking the selling cost is higher than mining cost. I personally think the selling prince is 35% higher than searching cost. However, according to the hashmining.com's speeches, 200% (120USD/ 60USD) at least. Which makes me to mine in order to reduce the problem.
Well, don't mine it with GPU as its too energy consuming, mine it with ASIC
How much more profitable is the ASIC? Any references on this?
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Well, profitable wise, ASIC is 100x much better then GPU (Just google bitcoin ASIC and you will get all the information you want)
But I still suggesting not buying ASIC cause the difficulty rises too fast and you won't ROI.
Well, don't mine it with GPU as its too energy consuming, mine it with ASIC
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How much more profitable is the ASIC? Any references on this?
I am not a miner myself. However, as far as I understand from the charts, mining BTC has not been profitable the last months. Actuall the profit margin is abt -500%! This means the cost is 5 times the profit. I have previously believed that the mining cost would align itself close to the bitcoin price, due to people start mining when profit is good, and leaving it when its negative. Apparently this is not the case - or? Would like to be enlightened on this matter (I find it very interesting).
Well, don't mine it with GPU as its too energy consuming, mine it with ASIC
Mine to protect the decentralized network! You get the emotional value of improving the world. The BTC reward is just a nice bonus
I am not a miner myself. However, as far as I understand from the charts, mining BTC has not been profitable the last months. Actuall the profit margin is abt -500%! This means the cost is 5 times the profit. I have previously believed that the mining cost would align itself close to the bitcoin price, due to people start mining when profit is good, and leaving it when its negative. Apparently this is not the case - or? Would like to be enlightened on this matter (I find it very interesting).
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