Collects questions about the economics of mining operations.

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0answers
23 views

Looking for best mining hardware (price / performance ratio, etc.) as of Jan 2016 [closed]

Starting from scratch with about $12 to $14K US and am looking for best mining hardware (price / performance ratio, etc.) as of Jan 2016 - - read a little about merged mining and am not clear about ...
0
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1answer
66 views

I'm not able to mine as much Bitcoin as I was able to a couple of months ago

I’ve been using two AntMiner S5 ~1155Gh/s and was able to mine about 0.02 Bitcoin. However, recently I’m just able to about 0.01 Bitcoin. I use F2Pool for mining. I thought first the other one isn’t ...
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4answers
383 views

How is mining profitable if a $10.000 ASIC will generate like $63.23 per month?

This $10k ASIC miner has 1TH/s and by this hashing calculator (I know they're not THAT precise but...) it'll generate like $63.23 per month? Why would anyone invest in this?
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0answers
16 views

Is bitcoin mining profitable? [duplicate]

I am a boy with aspiration of becoming rich i am from a middle class family in India I wanted to know if bitcoin mining is profitable,how to do it?
2
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2answers
2k views

Is 2016 a good time to buy an ASIC miner? [closed]

At first, I should add I am not looking at mining for income. I just want to do it for fun but I don't want to waste money either. In spite of difficulty increases there are a lot of people and ...
0
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0answers
13 views

Gh/s = to money [duplicate]

I am very new to the bit coin (mining) concept. I was interested in getting those small usb powered miners/ ASCI miners. Before I spend a dime I wanted to know how it works. Please Ignore the price of ...
0
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1answer
34 views

What are cash outlays & expected inflows for an individual miner?

I'm a student and a beginner interested in learning about Bitcoin. I am not interested in attempting to mine at this time, but I would like to know more about how it works. Per my understanding, ...
1
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1answer
131 views

Estimated profit of a $400 21's RaspberryPi-ASIC computer? [duplicate]

So I'm thinking of buying one of the newly-announced $400 USD 21's RaspberryPi-ASIC computer. How can I know the hashrate of its ASIC? How could I calculate the BTC profits I would get from it, per ...
9
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1answer
1k views

In the ASIC-age, is it worth starting mining Bitcoin at home?

I have recently learned about Bitcoin and would like to get rich quickly into mining. I have control of a laptop library full of ancient computers powerful gaming PC cluster of GPUs an old ASIC, ...
-3
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1answer
248 views

Is it possible to mine bitcoin to get a profit? [duplicate]

I really want to get into mining but I want to know if mining for bitcoin is even profitable anymore. I know that CPU mining isn't profitable at all but is there some way that I can still make a ...
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5answers
3k views

I've tried everything from mining bitcoin to litecoin to other altcoins…why do I have no luck?

I am a beginner in the blossoming culture of crypto-currency, and unfortunately, it's beginning to feel as if 2015 is too late of a year for a laptop-user such as I to be able to start mining. I'm ...
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1answer
157 views

Will the upcoming block size increase be more profitable for miners, or less so?

According to the article US vs. China: The 20 MB Miner War That Could Destroy Bitcoin (Op-Ed) critical decisions are about to be made regarding the size of Bitcoin blocks. Will this cause mining to be ...
1
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1answer
538 views

Does cpuminer do its work?

I have a question about using cpuminer to mine bitcoins. I know that it's not efficient, but I'm not about making any money from it (obviously), I just want to mine some fractions of a bitcoin. Now, ...
1
vote
1answer
188 views

Is there a reliable and accurate profitability calculator?

I've looked at the various profitably calculator sites and honestly I'm not sure how up to date they are. They don't seem very accurate. Is there one that's better than the others?
0
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1answer
4k views

Can you make a profit mining with CPU/GPU? [duplicate]

A Radeon HD 7950 has the fallowing hash rates: Around 600 MH/s for Bitcoin Around 600 KH/s for Litecoin I used this calculator https://bitcoinwisdom.com/bitcoin/difficulty ... so I would get : ...
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0answers
45 views

How does one calculate the profitability for a coin?

Given, a coin has difficulty 'd', an exchange rate 'x'/BTC or 'X'/USD, and given that my hardware can do 'y' MH/s (scrypt), how would I determine the best coin that I could mine? Do I need to consider ...
0
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1answer
134 views

Calculating the mining profitability of Novacoin

I've been researching altcoins and keep coming across some staggering figures. I think it's just too early to do math, but if I were to farm novacoins for example calculator here and I have pretty ...
4
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3answers
519 views

Lottery Mining?

I know mining is extremely difficult now. I just wondering has anyone "won" by solo mining a block? How does the chances compare against say wining the lottery? Assume 3 Giga Hashes Per Second say. ...
7
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3answers
647 views

Why do people mine bitcoins when they are losing 20% a month?

Why do people continue to mine bitcoins independently of their hash rate if their ROI loses 20% every month at the going difficulty rate and the exchange rate BTC/USD is at best flat?
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1answer
441 views

What is the meaning of the field for “Profitability decline per year” in bitcoinx' profitability calculator?

In the Bitcoin mining profitability calculator at bitcoinx.com/profit, there is a field with the description "Profitability decline per year". What does this field mean in regard to the calculation? ...
3
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2answers
4k views

Is ASIC Bitcoin Mining Profitable? [closed]

I’m pretty well versed in Bitcoin trading but am really new to Bitcoin mining. I hear a lot of conflicting views regarding the profitability you can achieve with Bitcoin mining. I was wondering if I’m ...
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3answers
2k views

How long does it take to earn back the investment of a miner?

I was strongly considering buying one of the 25 GHash/s miners and hooking it up to my laptop or desktop when not using them, as in, leave the miner running overnight or while I'm at work. The mining ...
1
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2answers
522 views

Can mining with lots of laptops make money? [duplicate]

I have lots of laptops that are idle nearly all the time. Some of those laptops are new, some of them are old. Sometimes a word processor is opened and that's it. Is it possible to use these laptops ...
3
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2answers
3k views

Why do dustcoin.com and coinwarz.com give opposite results of profitability?

It's been several days in a row that I go to dustcoin and see Dogecoin being listed as less profitable than either Digitalcoin and BBQcoin, with the latest being the most profitable. But then if I go ...
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2answers
3k views

Profitability comparisons for Quarkcoin and Primecoin?

I've found sites where you can put your hash rate for scrypt and SHA-256 to check which cryptocurrency would be the most profitable for you to mine, such as: http://dustcoin.com/ ...
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2answers
1k views

Is it cost-effective to purchase an expensive card? [closed]

I was considering purchasing the Monarch BPU 300 C or the 600 C. However, neither of them are expected to ship before February of 2014 or later. If this calculator is to be trusted, it doesn't seem ...
6
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2answers
8k views

How does a difficulty increase affect a miner's income?

At the time I write this, there are a lot of people getting into Bitcoin mining for the first time. Many buy ASIC hardware and are later surprised that their mining income suddenly drops due to a ...
0
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2answers
173 views

Why are the results of the Coinish Bitcoin calculate so grim?

I am currently investing into a new gaming PC with a Radeon HD 7990. According to objective reviews (e.g. ExtremeTech Review) this card outperforms many the competitors on the market, especially when ...
5
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1answer
2k views

Mining profitability sounds too good, where is the catch?

I am a beginner looking into Bitcoin mining. I don't want to waste time (or electricity) so I started looking into hardware mining rigs, for example: Saturn priced at $3000 USD, 275GH/s, consumes ...
1
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3answers
719 views

Will ASIC miners hold the network “hostage” and demand a fee for their services?

I can see a trend coming where miners will likely hold the network "hostage" by mining blocks with no transactions in them... even when the block reward nears zero. This would leave transactions in ...
5
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3answers
7k views

What are the advantages and disadvantages of pooled mining?

Is it better to mine solo? Is pooled mining what is recommended now? I've heard you get about the same back either way, but I am confused and would like some help.
4
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3answers
6k views

Wouldn't the expected return of a mining pool be no more than solo mining?

I don't understand the advantages of pool mining if you want to maximize your return. It seems like all it does is even out your return to make it more predictable by paying you smaller amounts more ...
2
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1answer
2k views

Formula for calculating daily mining earnings

I have seen other formulas, but they all vary and don't work. Can someone please show me a formula where I can plug in the difficulty and hash rate and that will give me how many bitcoin I generate in ...
14
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6answers
25k views

Has anyone gotten rich mining bitcoins?

A number of questions on this site ask whether it's possible to make money mining bitcoins and the expected profits. However, I'd like to know if there are real-life stories of people becoming ...
0
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1answer
210 views

Online Mining Calculators using prebuilt machines data [duplicate]

I've read many comments that mining is not profitable, or barely. Using the machines' data at Hardware Comparison in online mining calculators do show some with good profits. Am I missing something ...
27
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6answers
120k views

Do these new ASIC miners really pay for themselves in 5 days?

The Bitforce 50GH/s miner costs $2,500 today, and according to the following calculation it would mine enough coins in about 5 days to pay for itself. I am sure I am missing something here. Why would ...
18
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7answers
6k views

Do USA-based miners need to register with FinCEN?

As seen in recent news, FinCEN has issued a statement on its classification of virtual currencies: http://www.fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html Hypothetically suppose I mine ...
2
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1answer
2k views

How can pool operators reduce the number of orphaned blocks that they mine?

Every time a pool mines a orphaned block, that is wasted effort for the pool. In an interest to increase pool efficiency and overall network efficiency, what can a pool do to increase efficiency ...
1
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1answer
263 views

What ultimately happens to mining if blocks contain mostly non-Bitcoin data?

I'm trying to understand what can happen if A block consists entirely of 3rd party (xCoin) data like Namecoin There are no Tx fees to collect since they are on alternate chains. Assume that the ...
2
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2answers
3k views

Average cost of mining per BTC over time

Are there any approximations to the average cost of mining of a BTC over time? The reason I ask is because I think that as this ratio will affect the general availability of Bitcoins on MtGox, and ...
4
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2answers
13k views

Is CPU mining worthwhile for Litecoin? FPGA? GPU?

I'm interested in solo mining on Litecoin. Where can I learn about (or what math is required) two tell if this is feasible/profitable? Currently I have 30+ CPUs running as solo miners for 40 hours ...
5
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2answers
257 views

If miners pay income tax, could a change in tax laws affect network security?

Assuming that more than half of the Bitcoin miners pay taxes on revenue gained, could a increase in income tax laws (or similar) cause those ethical miners to go out of business? ... and the Bitcoin ...
3
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1answer
250 views

What Bitcoin profitability calculators account for taxation on miner income?

If I were to run a miner, I want to be ethical and pay all relevant income tax and gain all required licensing, etc for my country. My miner income is probably taxed at a 1099 income rate or lower, ...
3
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4answers
371 views

How to get the general population to pay more in transaction fees?

When mining becomes less profitable* what options are there for miners and mining pools to persuade or insist that end users pay more in transaction fees? I'm interested in Specific code changes ...
6
votes
3answers
374 views

Is the current network difficulty algorithm appropriate for “Peak transaction-only mining”?

At some point in the future miners will depend more on the Tx fee than per-block payout. Right now people turn on and off their equipment based on local trends such as price of electricity, etc. On ...
2
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1answer
2k views

What GPU-APU configuration should I buy for mining Bitcoins? [closed]

I want to make own computer for mining bitcoins. I read a lot of it but I have some questions. I want to buy APU + Graphic card and I am wondering when I my computer is mining is using for that CPU + ...
14
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3answers
9k views

What is pool hopping?

What is pool hopping and how do pool hoppers affect other miners? Are there ways to prevent it?
18
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4answers
36k views

Can casual people still mine for bitcoins, now that the difficulty is much higher than it was?

Can casual people still mine for bitcoins? As of October 2012, the difficulty seems very high, being over 3,000,000. I've seen a ad for bitcoins, and watched the video. It said I could mine for them ...
5
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3answers
826 views

Must mining be profitable for Bitcoin to succeed? If no, what are the mitigations?

It is clear that mining is responsible for securing the network, and it is incentivised by block payouts and transaction fees. I've also seen discussions regarding different incentives for miners ...
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1answer
968 views

Is this a good time to enter mining? [closed]

This is a question that has been on my mind for a while. I was going to buy a server farm to mine Bitcoins and I was wondering if it would be practical to jump on the mining bandwagon at the current ...