Quote from: yetisalmon on December 06, 2013, 06:03:55 PM

Say I was to buy a machine like this:

http://advancedminers.com/bitcoin-mining-hardware/1-2ths-bitcoin-miner/?gclid=CKjFyaOSnLsCFYl9OgodXFMASQ

If I am really mining at 1.2 TH/s then I am generating roughly 25BTC per month....

From this standpoint, it seems like a no brainer....the machine cost $6K, so I would make it up in one week of mining.....

Am I missing something? I know the difficulty will be going up.....
And what happens in 2016? BTC gets halved every 4 years? What is that all about?

Any thoughts would be greatly appreciated.

Thanks,
RLF

http://btcinvest.net/en/bitcoin-mining-profit-calculator.php

Check out this site. 25BTC/month and 1 week for break even wont happen.

peterbyte

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