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?
)I'd take some serious time learning more about bitcoin before you invest a cent. The difficulty changes after every 2016 blocks. Here is a list of the historical increases.
https://bitcoinwisdom.com/bitcoin/difficulty
In the last 6 months it has gone from ~3 million to ~19 million. SO NO WAY you will be making anything close to $1.6/100GH/day in 6 months.
Bitcoin mining is nothing more than an "arms race". You need to keep increasing your hash rate to keep up with the increasing difficulty if you are looking for "steady" income.
That is the best analogy I have heard yet, and just like the arms manufactures the mining manufactures are making the $$$$.