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Beginners & Help
Re: Why do I keep hearing mining is unprofitable?
by
Damnsammit
on
04/12/2013, 18:32:28 UTC
Quote from: itayl2 on December 04, 2013, 06:27:16 PM
Quote from: Damnsammit on December 04, 2013, 06:23:52 PM
Quote from: ajax3592 on December 04, 2013, 06:14:52 PM
Honestly,
Bitcoin mining is not profitable anymore.
Any coin's mining returns good ROI in its initial stages.
Except that it is...
Buy a Cube, run it for 2 months, sell the Cube. You will end up with more BTC than you started with. I guarantee it.
Details / Links?
https://bitcointalk.org/index.php?topic=349787.60
Buy it for 1BTC, run it for a little bit... you should be able to mine close to 1BTC + electricity costs in 2 months... then anything you can sell it for is profit.
Note: It does come from a rare ASIC company that actually ships its orders out.