Post
Topic
Board Beginners & Help
Re: Would it be worth it to start to mine?
by
kwoody
on 28/11/2012, 07:19:30 UTC
The block reward is dropping to 25 so that means you do the same work as regular that you would usually get 50 and now you will only get 25 for doing the same work?
Yes, the same work will soon be worth half as much. At Bitcoin's current value, you will lose money mining with a GPU unless you live very close to a power station and have cheap/free electricity. However, don't let that discourage you. If you want to try mining, by all means, go for it, but don't invest a bunch of money into GPU-based mining equipment at this stage in the game. That 72GH/s device you were looking at has been delayed for production until January 2013 at the earliest, so it's possible that you can make some coins before then. Once ASIC devices hit the market, combined with block reward halving, mining with anything but an ASIC will make very little sense unless BTC value goes up.