Post
Topic
Board Mining speculation
Re: Minning is wasting money, why still minners?
by
allcoinminer
on 06/10/2014, 12:55:24 UTC
is there anybody purchasing new hardware or cloud hasing contracts?

I haven't seen any cloud hashing contract profitable after doing 2-3 calculations.

Why invest money in ASIC cards or any other brand, when the bitcoin price is trending down?

I haven't seen any hardware that you can purchase now and get at least the money back even with free electricity

Am I missing something?

I'm using this calculator:

http://mining-profit.com/advanced-calculator

if anyone is making positive returns, can you show here with numbers?


Your views are current in the current situation of BTC at $300 levels.
No hardware or cloud-mining can profit at this time.
Getting back even a 50% of money spend on the above will not see back at this situation.
In-short, for now no mining is profitable for common people.
This will change if btc value goes above $600 and mining hardware companies are ready to drop their prices to some meaningful levels.