Post
Topic
Board Mining
Re: Who mines for a living?
by
sheebang
on 30/09/2013, 20:44:02 UTC
just curious, has anyone given up their day job and actually mining as a living ?

Hi,

sorry to ask, but what do you call for a living?

In India - $ 1,000 a month may be a high income.

Here in the US it is more like $ 10,000 per month to make a living, unless you dont have kids that go to Harvard or other Ivy league Schools (you need more bucks than). Also quite a difference whether you are living in downtown NY or somewhere in Kansas.

For a living in the US you will approx. need 800 ppm of the actual hash rate throughout a year ($120 per BTC, 60,000 blocks per year, 40 blocks or 1,000btc earned per year). So after all not more than 1,000 People can live from mining under US Standards and 10,000 acc. to chinese. Given that the three major pools have more than 10,000 miners and that there may be 100,000 miners out there mining Atlantis, nobody seriously can state that he can can make a living from mining.   

At the moment nobody can make a living from mining, or he will spend more then he earns. So consider it a nice hobby.