Post
Topic
Board Mining speculation
Re: Has Bitcoin mining ever been so unprofitable?
by
philipma1957
on 13/03/2018, 17:59:12 UTC
No offense phillip but not all of is have a solar array for power like u do. Mining was easily more than 2 times more profitable a few months back. The numbers are bad now and this is without taking into account future upcoming difficulty increaaes. There will be those who never break even. Mining at loss is no fun. Bitcoin holders have made alot more than miners in the last year.

it has gone up and down every year since 2012 when I started.

if you look at last years price of coin for march 12 2017   it was  1050  todays price is 9168   so

9168/1050 =  8.73 to 1


if you look at diff  for march 17 2017  475,705,205,061
if you look at diff for march 5 2018     3,290,605,988,754

so 3,290,605,988,754/475,705,205,061= 6.92 to 1


so  lets see price goes up  8.73 to 1 and diff goes up 6.92 to 1   this means you are doing great.

that is why the op is clueless.  he dates back to jan 2017  I just dated back to march 2017

and you can check every number  from jan 2017 to march 2017  and the op is far better off  today then he was during the jan 2017 to march 2017 time frame.

when I make a shock statement I am very careful to be able to back it up.

and anyone that thinks  that today march 13 2018 is worse then it was a year ago as the op said is clueless.


Now it goes without saying mining is not as good as dec 2017   but the op did the jan 2017-march 2017 time frame as his start point.

If he did nov 2017 or dec 2017  as his start point I would have agreed or not posted.



(Moderator's note: This post was edited by frodocooper to remove a nested quote.)