4 ms·

I like the calculator at http://mining.thegenesisblock.com/ http://mining.thegenesisblock.com/ better. Using the defaults for network and all that it seems to g

by cgi_man 13y ago

I like the calculator at http://mining.thegenesisblock.com/ http://mining.thegenesisblock.com/ better. Using the defaults for network and all that it seems to give around $23,000 profit for the year.

skore 13y ago
What amazed me about that: Within 9 months, your profit drops below $1k/m. Barely three more months later and you're down to $250/m. So after a year, you're fast approaching the point at which the energy you put into the device costs more than the bitcoin money you get out of it. Play with the knobs some more and you realize: If you purchase the 400 GH/s August device in December, you will never make back the 7.5k that the thing costs. Wait "only" until November and you barely get a 60% ROI. That's some fast, fast market right there.
- GigabyteCoin 13y ago
  You're assuming that the value of Bitcoin stays fixed at $100.
  - skore 13y ago
    Just like the model probably doesn't include what it means to add a large number of 400Gh/s devices to the playing field.
  - cgi_man 13y ago
    There's a field to change the bitcoin exchange rate over time.