Post
Topic
Board Mining speculation
Re: Minning Profit.
by
nwfella
on 02/02/2015, 05:20:05 UTC
I have been reading a lot on the internet then find this forum.
I'm going straight with my questions :

How big has to be the invest and how long will take to start some profit out of it ?  Millions of dollars (only mining farms literally producing their own ASIC's at this point have any real chance at profitability)

If that's not possible at the moment , there's people minning for fun ?   There sure are.  Most of your hobbyist miners (myself included) are making virtually nothing at this point relative to the investment they made in their hardware.  (<--this will eventually plateu as we reach hardware limitations on ASIC tech)

Does people that mine lose $ ?  Absolutely, these are the highly speculative types that are expecting bitcoin to reach and shatter it's previous all time high's of ~$1200/BTC


Anyhelp would be appreciated.

Will be looking foward.


Summary: Without free electricity it's highly likely that whatever you purchase through a manufacturer will even come close to ROI'ing at this point.  With free electric and a bulk hardware purchase that results in some serious discounts there's a slim chance you'll get close (but doubtful)