Re: MINING IS PROFITABLE by
on
21/02/2011, 23:04:09 UTC - Value of a BTC will always be related to the cost of power to produce it, since that's directly related to difficulty, which in turn is related to Bitcoin's popularity wrong why?
- I am assuming today's BTC's are worth 57 cents, despite 0.85 at MtGox wrongThen mining is more profitable than I say it is
- I am assuming difficulty will rise 30% every ten days dunnoRise less? make more BTC. Rise more? BTC worth more. Which?
- I am assuming my two 5970's will always give me 1.2 GHash/sec could vary through driver updatesbut of course, you won't install a driver that reduces output, will you?