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Questions tagged [mining-profitability]

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

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3answers
339 views

Worth investing in to a cloud mining companies?

Worth investing in to companies like hashflare.io or genesis-mining.com? Hashflare: During black friday there's discount - 1TH/s for 100$. Maintenance fee for 1 TH/s is 0.4$ == 0.0005 BTC. 1 TH/s ...
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0answers
64 views

Updated bitcoin mining energy usage

Is there an up to date and updated chart which tracks the entire energy used by bitcoin mining rigs worldwide? Looking for the energy used per t-hash.
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1answer
120 views

Can I find miner's payoff record in the Block Chain?

To my understanding after researching on the infrastructure of Bitcoin, the block chain maintains transaction records between two parties represented by their public keys. At the same time, the ...
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0answers
47 views

Bitcoin mining with rented rigs

Can someone please explain to me if mining with a rented rig is worth the investment. I recently mined but the server went down. Also where does the hashed data go and is it available for my viewing? ...
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1answer
50k views

Current FPGA Competitiveness

I know CPUs and GPUs can't really compete with ASICs anymore but what about FPGAs? Are they still reasonable? Anyone have a ballpark idea of what kind of Gh/s (or Mh/s) has been done with something ...
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1answer
277 views

How to start mining

I'm new to cyrptocurrency and heard that gpu's are obsolete for bitcoin mining and I hear gridcoin is a good alternative. How do I start mining? And how long long until I start to break even? Also, I ...
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1answer
968 views

BTC transaction cost vs fees

According to https://ethereum.stackexchange.com/questions/11/how-do-ethereums-transaction-fees-compare-to-bitcoin current BTC transaction fees vary anywhere from $0.01 to $0.09 USD. But according to ...
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1answer
159 views

Zero-BTC transaction fees, service-specific mining pools and external compensation

Bitcoin is a network that is proven to be stable, but if you want applications on top of Blockchains you have to play by the rules of the system. For notary use cases (for example), where you would ...
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1answer
240 views

How do I do the maths for starting a bitcoin mining startup in Kuwait?

Kuwait has the world's cheapest electricity which makes it a good choice for bitcoin miners. I am talking to a businessman in Kuwait who is interested in helping me move to Kuwait from Pakistan and ...
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1answer
548 views

Is GPU mining viable with any Cryptocurrency mining variations?

I have a GTX 960 2GB, and wouldn't mind some cash. I know mining bitcoin with it would maybe produce a few pennies a year, but someone told me there are other mining networks that aren't as inflated ...
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1answer
93 views

Bitcoin hardware

I want to start mining but I am not sure about my calculations. Is it worth to mine with 4 nvidia gtx titan X without paying for electricity? I calculated it with a bitcoin calculator and the money ...
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1answer
251 views

Minimal but profitable miner setup with solar energy

Im looking for 20W/h (at 5V) consuming system for running with solar panel. Is it possible with current miners? If you say it will never be profitable I say 5$ for a month is big target for me. The ...
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1answer
353 views

Why does getblocktemplate use priority for transaction selection?

I don't know how getblocktemplate works exactly, but it seems to include transactions based on priority. Selecting transactions based on priority isn't the most profitable method for building a block ...
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0answers
53 views

Getting started, how do I buy bitcoin [closed]

I live in Nigeria,probably a third world market. This would be the first in this region. Would like to strongly promote this exchange Inot these parts of Africa. Please help.
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1answer
56 views

Questions about bitcoin(or other crytocurrency) to satisfy my feeble mind [closed]

After a few days of research and reading about bitcoin and ethereum, I got interested on investing in these. Just small amounts to try it out.. maybe $30 - $50 for starters. I'm from a 3rd World ...
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1answer
2k views

How much bitcoin can be mined with intel core i5 pc with external graphic card? [duplicate]

I know ant miner is required to earn some cash, but am curious to know that how much bitcoin can be mined per day with a pc if it has the configuration like : processor= Intel Core i5 6600K 3.50GHz ...
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1answer
179 views

Is there a calculation for exchange rate stability?

Exchange rate stability can be used as an indicator to determine how consistently you will earn the same profit over a period of time when mining a cryptocurrency. My current thinking is that a chart ...
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2answers
9k views

How do I calculate expected earnings when mining a cryptocurrency? [duplicate]

If I have access to currency-specific variables/datasets for any cryptocurrency of choice (see below), how would I calculate which cryptocurrency (out of a fixed set of say 3-5 altcoins -- SHA-256 and ...
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1answer
511 views

Is the fastest Bitcoin ASIC miner available today still profitable after block halving?

As the title says, I was wondering if the fastest Bitcoin ASIC miner will be profitable after block halving?
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2answers
555 views

How do I reward a miner who made a block I like?

Some decisions miners make are reflected in the blocks they solve. Is it possible to send those miners some extra BTC without knowing who they are? It seems obvious that you could just send some ...
9
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2answers
3k views

Why do leading ASICs manufacturers sell their chips? [duplicate]

I understand that some people have access to cheaper electricity than others. However why not just open mining facilities in the parts of the world offering the lowest cost structure? If that is not ...
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1answer
833 views

What can be done with old (unprofitable) ASICs? [duplicate]

GPUs used for bitcoin mining have many other purposes and can generally be sold after they are no longer mining enough Bitcoin to meet variable (electricity, etc) costs. What uses do old ASICs have ...
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1answer
136 views

if I have 1 M/Hs mined for me how does this translate into a bitcoin?

I was offered 1 M/Hs per day for 37.00. What do I do with this in terms of turning it into a bitcoin. I am new to this and trying to make sense of all the mathematical gibberish
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1answer
250 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? ...
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1answer
2k views

How profitable was GPU mining in 2011-12?

I am not interested in mining myself, I just want to know how true my friend's claims are since Bitcoin is a subject that I try to follow and understand. He says he mined 31 bitcoins in 7 months ...
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1answer
318 views

How to calculate monthly income in bitcoin mining? What is bitcoin difficulty? [duplicate]

I'm pretty new to mining. I bought a Raspberry Pi. And I want to know how much bucks I will make when I do mining. The hash rate of Raspberry Pi is 0.4 Mhash/sec (I found on google). However, when ...
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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 ...
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3answers
14k views

Javascript Bitcoin miner is it even worth it?

I know that mining bitcoins via JavaScript is just pointless at this point in time, but is there any other altcoin that is worthwhile mining via a GPU/CPU via a JavaScript embedded into a web page? ...
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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?
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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 ...
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1answer
60 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, ...
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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 ...
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1answer
269 views

Mining for nil-transaction blocks only - gaming the incentive scheme by rogue miners / consortium?

I understand that there is incentive to include transactions where the output is less than the input so that the block creator can pocket the difference. But I'm wondering if that is really worthwhile ...
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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 ...
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0answers
587 views

What are realistic expectations for an ethereum miner on AWS? [closed]

I've configured the large (8x) GPU image on AWS at 2.60/hour. I ran it goes few hours after setup and mined nothing. This was my first foray into mining. Does this size instance give me a ...
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3answers
69k views

Is Gpu mining still an option?

My friend asked me to do a research for him on bitcoin mining, I don't know a lot so I'm asking. He's consider buying either NVIDIA gtx titan or NVIDIA gtc 980. Decent motherboard and internet speed. ...
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1answer
120 views

where can I get the NEW Hardware? to make profit [closed]

Currently 2015 mid-October, how can I get the NEW hardware to actually make profit, after paying the electricity bill, ventilation, the cooling and all the extra cost? I'm not aiming for $100 per day, ...
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3answers
14k views

Can we use google cloud service as a virtual server to mine bitcoins and is there any profitability of using their service? [duplicate]

Our computers has very less power when we compare it to the difficulty level of mining and it's very hard to get one bit coin. But to overcome the second issue there are "pools". But still the first ...
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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 ...
2
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1answer
729 views

i have good pc can i mine on it, if i don't have to pay for electricity? [duplicate]

i have gtx 970 g1 gpu and intel i7 4790k cpu. i dont have to pay for my electricity costs. i used to play games but now i don't play them any-more. i was hopping someone will tell me if i can make a ...
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1answer
143 views

If price increases over a time period, what is the best explanation(s) if hash rate goes down?

The price of bitcoin is up ~30% over the last three months, but the network hash rate is only up ~5%. How can this be explained? I assume that new, highly efficient mining chips have been produced ...
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5answers
44k 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
124 views

Embedding P2Pool technology in Bitcoin Core

As far as I understand, P2Pool is a way to decentralize mining. I don't know all the details, but it allows to distribute the mining rewards by the parties involved, fairly and without a centralized ...
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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 ...
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1answer
104 views

What is the waste ratio of the overall network?

The answer to the question "Why do I have to wait 10 minutes before I can spend money I received?" in the FAQ of Bitcoin contains the sentence "For example, if it takes miners 1 minute on average ...
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2answers
3k 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, ...
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1answer
1k 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?
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2answers
1k views

BTC/hashes/second rates for various pools

Do all pools have the same average BTC/hashes/second rates (for individual members of the pool)? For example, this profitability calculator says 4 Th/s hash rates will produce 0.04 BTC per day, yet I'...
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2answers
530 views

Is mining difficulty leveling out (Spring 2015)? How does this affect the economics of Bitcoin?

Bitcoin mining difficulty has been through some interesting ups and downs lately. (I've supplied snapshots below to give context for future readers) Considering its long history of pretty much only ...
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1answer
866 views

What is the difference in speed between a GPU and an ASIC per dollar of cost?

I realize it depends on the ASIC as well as GPU.. Just want an estimate for some calculations I'm doing. Talking about Bitcoin mining, not an altcoin. Thanks!