Quote from: joyjeet on December 05, 2014, 06:24:35 PM

Quote from: zen2 on November 23, 2014, 12:34:31 PM

Hi i see the network of bitcoin have not many miners like i thought because of pools i guess, is it possible then
to start solo mining for example with 25 TH/s and catch block with little luck??

Thank you in advance for your time.

I think neither solo mining nor cloud mining is profitable, hence mining in itself is not profitable for a long run, and now as time passes by with less BTC for miners as rewards for finding block chain would come into existence hence it would be more and more risky to gain something out of mining

When the price of Bitcoin rises, buying new equipment can become profitable so people are buying new equipment and the network power increases.

The high maintenance cost will be less in BTC if the price of Bitcoin rises and mining Bitcoin can become more profitable.

You can ROI on cloudmining websites that offers GHS for a cheap price and have low maintenance costs.