How Profitable Is Bitcoin Mining Reddit Is Asic Mining Profitable

With the current price rises, yes, absolutely. I think that's something to go on. I don't know them and afaik they're the only ASIC suppliers. This Why Would Cloud Mining Share Profits Ultimate Altcoin Spreadsheet Download is not about general financial news. Do not beg for donations simply for lending a helping hand. If the cloud mining company gets hacked, your screwed too aka nicehash niceheist. I got a D3 I'm selling if you're interested. If the exchange rate really does increase, your BTC will increase in value. No referral links in submissions. As more and more people feel that, what options are there? If you're counting on the increasing exchange rate to buoy your mining rig profitability, then you really should be investing directly in BTC, not buying mining hardware. The funds already donated will be spent on some sort of advertising, as intended. You can also explore the Bitcoin Wiki: Log in or sign up in seconds. With Bitcoin, you can be How Fast Can I Sell Bitcoin On Coinbase Import Ethereum Price History own bank. As such, it is more resistant to wild inflation and Can You Predict Cryptocurrency Wordplay Crypto banks. It makes sense that profitability will balance on a knife edge, this design is intended. Be aware that Twitter. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Submit a new text post. Nobody should have to trust you before clicking on a link. Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted.

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Submit a new text post. Anybody caught violating the rules will be banned on sight. URL-shortener services serve no use on Reddit as there is nothing restricting the size of your comment string. ASICs are very loud and produce a lot of heat. It looks like the first batch of Avalons were an anomaly. Submit a new text post. Why more mining power is not added to the network? Please do your own research before selecting an exchange. Also, if it for any reason becomes unprofitable to mine BTC could I use it to mine other coins or somehow re-sell the machine for a reasonable price? No referral links in submissions. Welcome to Reddit, the front page of the internet. P and I had and still have no real idea on how to do it properly. Usually not something that people can just do from their homes relatively easily. You could pick up some GPUs and get ready for altcoin mining afterwards, but I wouldn't buy an S9 right now. Become a Redditor and subscribe to one of thousands of communities. Submit a new text post. We were at 6k in November. Nobody should have to trust you before clicking on a link. If you really have access to free electricity, then yes. How to get a refund via PayPal for your Pre-Ordered mining equipment? If you believe this will continue, then the numbers above don't look as bleak. Submit text NOT about price. Do not ask for other people to mine for your address. My advice for now is that investing is better than mining, and you should simply buy the coins and hold. I'd love to hop on the mining train I get free electricity but the cost of a miner is way too high considering you can get more bang for your buck if you just buy bitcoin. As such, it is more resistant to wild inflation and corrupt banks. Perhaps it's a dumb question, but I gave up mining back when CPU mining was still a thing. And Intel isn't a company known for leaving profit margin on the table. Take away the cost of electricity, and it's all profit if you have the rigs. It makes sense that profitability will balance on a knife edge, this design is intended. If you make a more efficient asic, the difficulty will just ramp up until only the people with the cheapest electricity will be able to mine profitably and you're back to where you're started. It doesn't matter the computer you have only Dag Cryptocurrency Gigabyte Gaming Rx 580 Ethereum should not sucks: Bitcoin comments other discussions 1. So sometimes you can make more money by mining an altcoin, then selling the altcoin you make for bitcoin. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. Comparison of all mining pools on the official Bitcoin wiki. Do not post your Bitcoin address unless someone explicitly asks you to. You can also explore the Bitcoin Wiki: I currently am minning through my personal rig which has a Fuck Bitcoin Trezor Litecoin and am making roughly around 2. The site has had bad data for months. Submit a new Binance Market Cap Stop Limid En Poloniex. Bitcoin comments other discussions 1. As of now, Submit a new text post. I don't have to like who they are or how they run their business but I can choose not to give them my money. Related communities Sorted roughly by decreasing popularity. No Promoting New Alt Coins. I don't know near enough to try to convince anyone else to do it. Meanwhile, your hardware will only depreciate and produce Danish Cryptocurrency Hyperv Ethereum Mining BTC over time It gives you about 10 coins to choose from though, and you set your mining intensity with a gui that has sliders and stat reports. Really easy for beginners to set up. Personally I would say mining with a cpu and several gpu's is worth it. With the current price rises, yes, absolutely. Large miners are not paying Bitmain usd, or whatever they are charging now, per This subreddit is not about general financial news. Bitcoin Blockchain Price Litecoin Scrypt Miner 900 Mh S example, submissions like "Buying BTC" or "Selling my computer for bitcoins" do not belong. If it's meaningfully more efficient than bitmain's product and I doubt it would be, since bitmain has been working on this problem for many years and has likely optimized it to where the only meaningful efficiency gain would Hashflare Fees For Bitcoin Mining Best Profit Mining Build from the semiconductor process it will be priced accordingly. This subreddit is not about general financial news.

We previously collected donations to fund Bitcoin advertising efforts, but we no longer accept donations. Log in or sign up in seconds. Instead, please report rule violations. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Bitcoin subscribe unsubscribereaders 13, users here now Bitcoin is the currency of the Internet: The site Delta App Cryptocurrency Btce Crypto had bad data for months. Please do your own research before selecting an exchange. If you buy a asic its used and broke Log in or sign up in seconds. Be aware that Twitter. Don't know about. Bitcoin comments other discussions 1. Bitcoin is the currency of the Internet: I live in a high cost of power state CA , too. Submissions that are mostly about some other cryptocurrency belong elsewhere. I think that's something to go on. No compilations of free Bitcoin sites. As such, it is more resistant to wild inflation and corrupt banks. Submit link NOT about price. Please direct posts about exchange issues to the respective megathread posts. It doesn't matter the computer you have only it should not sucks:. What matters is the cost of electricity. It's just below the submission or comment body. No compilations of free Bitcoin sites. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: You can also explore the Bitcoin Wiki: Is building the PC an option? If you don't have anything nice to say, it's best not to say anything at all. Almost all Bitcoin wallets rely on Bitcoin Core in one way or another. If you have ideas for the remaining BTC, see here for more info. Losing all mining power isn't a threat unless bitcoin becomes worthless. If you believe this will continue, then the numbers above don't look as bleak. Those boxes that can only mine a few or even only one currency. You can also use Bitcoin Core as a very secure Bitcoin wallet. Well it is getting colder in my office, I can waste the electricity on the heater, or I can turn on an old miner. I don't know near enough to try to convince anyone else to do it. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Submit a new link. Nobody should have to trust you before clicking on a link. For example, submissions like "Buying BTC" or "Selling my computer for bitcoins" do not belong here. Everyone ultimately moves to the more efficient miners cancelling out any advantage. P and I had and still have no real idea on how to do it properly.

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If you have a fairly powerful computer that is almost always online, you can help the network by running Bitcoin Core. If you have to phrase the question as "is it even worth it? Instead, please report rule violations. As such, it is more resistant to wild inflation and corrupt banks. Anything above that and your just throwing money away. I'd love to hop on the mining train I get free electricity but the cost of a miner is way too high considering you can get more bang for your buck if you just buy bitcoin. Be aware that Twitter, etc. You can also explore the Bitcoin Wiki: Remember, we were all newbies once. I currently am minning through my personal rig which has a R9 and am making roughly around 2. Do you believe it is more likely to be worth more in the future? Could you maybe point me to a proper tutorial on how to setup GPU mining? It makes sense that profitability will balance on a knife edge, this design is intended. If there is a new alt coin out, this is not the place to discuss or promote it. I would suggest doing that, at least temporarily, if you still feel like an S9 is your preferred route. Want to add to the discussion? Want to add to the discussion? Bitcoin subscribe unsubscribe , readers 13, users here now Bitcoin is the currency of the Internet: Become a Redditor and subscribe to one of thousands of communities. Do not post your Bitcoin address unless someone explicitly asks you to. Bitcoin will probably endure. If all you want to do is Why Does Binance Sell Coins So Slow Poloniex How To Buy Bitcoin as much money as you can, just buy coins. I did that for 3d rendering and when I don't have to render it mines for me. Current block difficulties, they pull. I would have to invest in a miner I guess. Want to add to the discussion? News articles that do not contain the word "Bitcoin" are usually off-topic. For example, submissions like "Buying BTC" or "Selling my computer for bitcoins" do not belong. As common as it is in Bitcoin Mining, it is far to risky to be carried out over reddit. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. The price going so high so fast is usually followed by the other side of the rollercoaster. BitcoinMarkets comments other discussions 1. I would suggest doing Professional Litecoin Advice Matt Trainer Cryptocurrency, at least temporarily, if you still feel like an S9 is your preferred route. New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted. You'd be better off simply buying bitcoins. Altcoin discussion should be directed to our Slack Group or the appropriate subreddit. Click the "report" link.