for all you people new to bitcoin mining, it all evens out over time.
is mining for bitcoin still profitable? I stopped mining with my 1 th rig about 3 months ago because it was costing me more to run than i was making.
You were mining for the wrong reasons. It may cost you more to mine than you make
at the present moment, but if you have faith in the bitcoin
system then you'd know that in the long run you'll make more from your stashed away coins than you paid to mine them in the first place. That, ma friend, is the rub!
this is why I keep my lower efficiency machines running, but I also have higher efficiency machines which still make a profit.