Quote from: kysejoy on April 11, 2014, 02:58:13 AM

Quote from: STT on April 11, 2014, 02:40:57 AM

Looks like you can just put it into a calc and see yourself

10 contracts at 0.0185 each is 0.185 btc
That gives 10gh
Pays 0.0008 btc each day to you

So thats 231 days to break even at current difficulty. Or $7.40 to earn $0.033 daily per contract I think it is

Thank you
I knew it would be an easy calc but didn't know where to look for the current difficulty, as I said I have no idea on mining but think I will be spending serious time learning as it really interests me.

Start here:

https://bitcoinwisdom.com/bitcoin/difficulty

Look at the historical difficulty increase numbers. Basically its rising 20% every two weeks and will continue to rise at that pace. For example recently 1TH/s miners were released. If you buy a mining contract at these prices you will loose money.