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
The link to the shared document.
NOTE: If network difficulty stays below 20% for the next two retargets then the document will be revised to 10% and 5% estimate results.
https://docs.google.com/spreadsheet/ccc?key=0AmeuPljmUNHCdEpqX2RmMDFwemJyLURVUWFtZ3J3aGc&usp=sharing