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If it reaches $1000, will mining bitcoins be considered a worthwhile endeavor again?
by adamb_ 13y ago
If it reaches $1000, will mining bitcoins be considered a worthwhile endeavor again?
- brownbat 13y ago1. As profitability goes up, more people join in, increasing the difficulty factor, reducing the profitability. 2. If deflation continues, you're probably better off just investing in coins. Here's a profitability calculator where you can play with values (it starts with some reasonable defaults). (I can't tell if it accurately captures earnings from transfer fees though...)
- brownbat 13y agoEDIT: http://www.bitcoinx.com/profit/ http://www.bitcoinx.com/profit/