Questions tagged [mining-profitability]

This tag should be used for questions about the economics of mining operations.

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35
votes
3answers
17k views

Is there any point to casual mining?

Is there any point to casual mining anymore? I recently discovered bitcoin and was wondering if there was any point to running mining software on my laptop while I work on essays or other non-...
10
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2answers
13k views

How to choose the most profitable pool?

Say I have a moderate amount of hashing power and I want to maximize my profit by using the pool that would give the best rewards for mining with them, what should I look at when choosing a pool?
10
votes
4answers
4k views

Why does mining profitability tend towards zero?

Why does mining profitability tend towards zero? Is it different for short term miners than it is for long term miners? Example: if I mine now and sell them next year, they may be worth more as ...
7
votes
1answer
3k views

Can I CPU mine other coins to win Bitcoins?

I have a useless Nvidia, until now, unconfigurable to mine (7300) So, if I mine just with CPU, can I get more coins mining others coins like NMC,LQC,LTC,SC, or whatever, and trading after for BTCs?
-2
votes
2answers
32k views

What's the current $/Mhash [closed]

Just curious. My plan is to buy 5 of these So I should use this card right? http://www.amd.com/us/products/notebook/graphics/ati-mobility-hd-5800/Pages/hd-5830-specs.aspx Install them all in one ...
-1
votes
1answer
990 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 ...
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 ...
18
votes
4answers
43k 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 ...
25
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3answers
23k views

What is pool hopping?

What is pool hopping and how do pool hoppers affect other miners? Are there ways to prevent it?
2
votes
1answer
3k 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 + ...
6
votes
3answers
459 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 ...
3
votes
4answers
415 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 ...
3
votes
1answer
261 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, ...
5
votes
2answers
287 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 ...
5
votes
2answers
14k 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 ...
2
votes
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 ...
1
vote
1answer
276 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 ...
0
votes
1answer
228 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 ...
4
votes
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 ...
5
votes
3answers
14k 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.
1
vote
3answers
773 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 ...
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 ~...
1
vote
2answers
2k 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 ...
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 ...
7
votes
3answers
3k 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?
1
vote
1answer
319 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 ...
-3
votes
1answer
383 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 ...
1
vote
2answers
14k 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 ...
2
votes
4answers
2k 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?
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 ...
1
vote
1answer
5k 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 ...
1
vote
0answers
116 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 ...
3
votes
2answers
4k 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 ...
0
votes
1answer
388 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 ...
15
votes
1answer
273 views

Why are the mining rewards set to reduce in such dramatic steps?

The mining rewards are scheduled to drop from 50btc to 25btc. The next drop again will be from 25 to 12.5btc. In each of the steps into a new "era" the mining reward is reduced by 50%. This seems ...
3
votes
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/ http://www.coinwarz....
0
votes
2answers
193 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 ...
3
votes
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 ...
6
votes
2answers
755 views

Is there a uniform measure of “difficulty”, that when multiplied by price, will give “profitability of one hour of mining”?

I recently open Bitcoin Pie, a site that compares crypto-currencies. Given the exchange rate in BTC, I would like to add another column that tells "relative mining profitability", regardless of the ...