Quote from: aurel57 on March 16, 2015, 06:55:01 PM

Quote from: notlist3d on March 15, 2015, 11:28:27 PM

Quote from: jonnybravo0311 on March 15, 2015, 10:47:07 PM

Quote from: notlist3d on March 15, 2015, 09:16:56 PM

Quote from: goosoodude on March 15, 2015, 08:33:22 PM

Quote from: n1ght5had3 on March 14, 2015, 02:07:51 PM

thank god for that xD
so with the new updated price will i see any profit do you think?

You will see a profit if you mine now and then BitCoin price gors up a lot. In that case you will be making a bigger profit if you simply buy BitCoins now. It is also a lot less work.

I would not promise that. With "electricity cost: £16.82 KWh" and less than 250 GHz of gear it will be hard. Chances are you will be lucky to pay off the gear even at that electricity price and miners you mentioned.

Hard? Check out my post above showing the numbers. Even not factoring in initial hardware costs at current BTC->GBP conversions OP is losing money every day by turning those miners on. Even if BTC went up to £350 OP would barely be covering the electricity to run the miners - and that's given the current difficulty, which is going to change in less than a week's time.

Maybe I was not clear. But I was not referring to your post. I was referring to the post i quoted.

I meant it is hard for BTC to go up and make this profitable. This is because of the amount of money being lost mining each day, it would take a drastic change in price.

And if it's going to take for a price increase in BTC to make this profitable then a person would be much better off to just buy the coins in the first place.

That would be true in this case. Some people are better off mining. Yes number is getting fewer and fewer but still are some out there.

It varies between miners depending on cost of mining. Lower the electricity better off you are. Also more efficient gear helps. USB miners are mostly a item you will never make back. It is good to learn mining with, just not enough powere for money.