Silk Road forums
Discussion => Newbie discussion => Topic started by: kgriffey on July 25, 2013, 12:56 am
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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 ?
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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.
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Not worth the time bro.
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Im waiting for my asicminer supposed to be shipped out next week fucking sick aye
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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
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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.