Post
Topic
Board Altcoin Discussion
Re: Alt coin mining profitability - What am I missing?
by
PenAndPaper
on 30/11/2013, 13:25:09 UTC
Assuming a fairly low difficulty increase of 80%/month a block eruptor would make like $17 if it started mining today. Best prices on ebay are around $50. Well, assuming BTC hits like 3.5k it will break even. In which case it would have been better just buying bitcoins ...
You could have bulk purchased a while ago for less than that. Also if you use that logic (which is beyond any common sense), buying bitcoin is always better than buying mining equipment.

Obviously almost in all cases it's better to buy bitcoins directly than mining equipment. People buy miners because they can't do basic maths. Are you among them? Tongue