Linked Questions

1
vote
2answers
5k views

Mining Hardware lifespan is less than a year? [duplicate]

I have been exploring mining hardware at http://mining.thegenesisblock.com today. No matter what hardware I look at, all of them are making no profit by Oct 2014. How is this a good purchase? I ...
1
vote
1answer
4k views

How profitable is mining with a ~1GH/s miner? [duplicate]

I'm very new to bitcoin mining, so I just tried it out on my mac using MinerGate. I made about 0.000028 XMR in 7 minutes running at 200H/s, equating to $0.0008. I figured that at that rate of money ...
33
votes
9answers
7k views

I am new to Bitcoin, how can I get started?

I am new to both StackExchange and to the new online currency called Bitcoin. I understand what Bitcoin is and how it works, but I was wondering: how do you actually get started with Bitcoin? I have ...
55
votes
2answers
68k 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, I ...
8
votes
3answers
7k views

Is there a point where bitcoin mining will not be profitable?

A lot of news accounts are pointing out that bitcoin mining is getting more difficult over time, murch even said recently in chat its getting "exponentially harder". I am not sure if that is the case, ...
6
votes
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 ~...
4
votes
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 ...
1
vote
1answer
9k views

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

A Radeon HD 7950 has the following hash rates: Around 600 MH/s for Bitcoin Around 600 KH/s for Litecoin I used the profitability calculator at bitcoinwisdom to estimate revenue: Bitcoin: 0.06148 ...
4
votes
2answers
3k views

Which coins can butterfly-labs miners mine

Can I use a butterfly-labs miner to mine any crypto-currency?
5
votes
3answers
904 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 ...
2
votes
3answers
124 views

Do more miners imply less reward?

I'm trying to understand the following: There is a limited amount of mining reward for every currency and a precise amount is rewarded for every block a person wins per time. Since most people mine ...
1
vote
1answer
244 views

Will mining be viable after the halving?

So I don't understand the halving very well, will miners just make half as much? Will the price double or the difficulty change? Will bitcoin mining just become so hard it ceases to be cost effective? ...
0
votes
1answer
117 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 ...
0
votes
0answers
33 views

mining alt coins. trading/exchanges [duplicate]

I am interested in starting to mine alt coins. I have little in funds to invest in hardware, besides a laptop that I got from bestbuy. are there any coins that would be able to be mined from such a ...