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Showing 2 of 2 results by No Skill
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Topic
Board Economics
Re: Buying an ASIC for mining
by
No Skill
on 21/11/2017, 16:46:19 UTC
Its really hard to compete with the big dogs these days. Once upon a time, in the early days, I remember when anyone could partake. But now it is very hard to turn a profit.

So even when u use nicehash or a mining pool, it's very hard to get your money back?
Post
Topic
Board Economics
Buying an ASIC for mining
by
No Skill
on 21/11/2017, 15:04:55 UTC
So after having some looks at bitcoin mining and setting up nicehash on my pc (single gtx 970) to have a look at how it works (ofcourse I won't be able to make any profit because of power consumption), I wondered if buying an Antminer S9 and starting to mine at home with a powercost of 0,26$/KwH would be profitable or will I just lose my investment.