Quote from: kokojie on July 04, 2011, 02:45:39 PM

Quote from: mouser98 on July 04, 2011, 01:46:45 PM

Quote from: killer2021 on July 04, 2011, 01:32:12 PM

Quote from: dreamer2008 on July 04, 2011, 01:22:25 PM

I just discovered Bitcoins a short while ago, and I would like to able to mine a little too.

I am not thinking about farms, just to upgrade my PC and mine, and try to earn back the money from my investment and maybe get a little profit. Is this realistic right now, or truly I am too late to start mining?

No I don't think you are late. However, at this point you have to have good rig design + cheap electricity.

If your electricity is higher than 10c/kwh then definitely don't even bother mining. You'll probably want a rate around 6-7c/kwh.

You'll also have to do some research into which setup is able to convert electricity into hashes at a high efficiency. Also factoring in cost of equipment.

this is true if the current price of BTC holds ($15-16) but if the price moves up in response to scarcity resulting from higher difficulty, then BTC mining will be potentially as profitable as it has been up until now. personally i believe btc are way undervalued. but, if i am right, then it might be simpler at this time just to speculate by buying up btc.

How long have you been mining? for the millionth time, PRICE DOES NOT MOVE IN RESPONSE TO DIFFICULTY, the only thing that determines the price of BTC, is the people's demand for it.

Indeed, the last 2 jump's it didn't increase but even dropped.