Quote from: StelioKontos on April 20, 2018, 07:17:35 AM

Quote from: iiiduncaniii on April 19, 2018, 03:34:32 PM

The problem is that 300 satoshi per mil is barely profitable for someone who is doing the mining. Anything less than that is only profitable for who hosts the pool, for the miners it's just a waste of time and money. Now if you dont pay for electricity is one thing, but if you do, then it's stupid to invest in something that doesnt pring anything back, unless u just love paying for your computer to mine.

It depends if you look for profitabiliy in short term or long term. Short term profitability is long gone, I don't think it exists anymore.

Infact I don't look for profitability in short term, I take for granted that I'm mining on loss for 95% of the times/coins I pick. So I don't expect to pay the electricity bill with what I just mined the very last month.

Instead, I go for the long term, I know I'm mining at loss now but I hope that BTC will gain a lot more value in the future so what I mine today will be a lot more valuable in 1-2 years.

Tomos instead is enjoying his holidays with what the people are still mining with him lol.

Ya i dont see bitcoins being very high in the future.... they are now because ppl are in a frenzy, so i dont hope for future profit either. Its not like btc will be like 1 million dollars one day, i think in the future they will stabilize and be much lower.
Right now if I do the math my setup would cost roughly $70 a month. i mine 1 mil satoshi every 15 minutes. if i would get 300 satoshi per mil ($0.025 in todays value 1btc = 8533.42usd) and mine 24-7, i would earn $72. So anything below 300 satoshi would be a loss period, i dont mine for losses.