since there are so many miners here and I want to buy ANTMINER S3 I'll post my question here. Is there a chart of multipool mining profitability in fiat over a long period of time (6-12months)? If not maybe you can tell me from your experience..
I want to know whether the current $1.6/100GH/day is somewhat stable and can be expected to stay that way the coming 6 months.
(I'm a newbie regarding mining, so with this miner I can use it for multipools right?
)
I want to know whether the current $1.6/100GH/day is somewhat stable and can be expected to stay that way the coming 6 months.
(I'm a newbie regarding mining, so with this miner I can use it for multipools right?
)No, it won't. You can expect the income (in BTC) to drop 20-30% every 10 days or so. Go and read up on 'difficulty'
Whats this 20-30% witchcraft?
I see the last diff jumps were 3% and 8%, Here's hoping they stay around that rate!!
Bitcoin Difficulty: 18,736,441,558
Estimated Next Difficulty: 19,526,251,935 (+4.22%)
realistically i expect to see 9-12% for the next 2 jumps - difficulty is slowing but i think the last two weeks were a nice low hop from variance and the massive 20% jump before that. another jump under 9% would be amazing though, and almost surely lock in a profit for mining
I was actually asking about profitability from multipools mining other sha256 coins, and was hoping the average difficulty increase could be better than with bitcoin since there is always some new coin with high profitability. But I'm guessing people now mine those too just as often as bitcoin and the profitability would decline just the same..?