Silk Road forums

Discussion => Newbie discussion => Topic started by: kgriffey on July 25, 2013, 12:56 am

Title: 2 Mine or not 2 Mine
Post by: kgriffey on July 25, 2013, 12:56 am
Reading about people mining coins but tons of machines are on back order .... is it worth it with the new modes ...electric is high where i live ?

Any feedback ?
Title: Re: 2 Mine or not 2 Mine
Post by: BillWithers on July 25, 2013, 06:28 pm
The difficulty will just adjust and make it harder to be profitable. The ASIC miners from what I've seen are probably being used right now to mine; I mean if a $3000 miner could profit $4000/month why the heck would you sell it, you would just run it yourself. Then when it starts to be not profitable, ship it to those who preordered. Then right when they start to get them, you dump a ton of BTC on the market and cause the price to drop.
Title: Re: 2 Mine or not 2 Mine
Post by: MoneyPakJack on July 25, 2013, 06:34 pm
Not worth the time bro.
Title: Re: 2 Mine or not 2 Mine
Post by: cryngie on July 25, 2013, 06:41 pm
Im waiting for my asicminer supposed to be shipped out next week fucking sick aye
Title: Re: 2 Mine or not 2 Mine
Post by: esoteric69 on July 25, 2013, 07:01 pm
Wouldn't bother mining BTC though you could mine some alternative cryptos. New pump and dump currencies are being made all the time on Bitcointalk.

I reckon you would be better off day trading on a BTC exchange
Title: Re: 2 Mine or not 2 Mine
Post by: Ero on July 25, 2013, 07:13 pm
At this point in time, I can guarantee that you aren't going to be able to successfully mine BTC with any equipment you have.