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Bitcoin Mining

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  • 06-07-2015 11:53pm
    #1
    Storm99
    Registered Users Posts: 81 ✭✭


    Anyone got any recent experience with this ? I am considering giving this a go but would like to see if anyone is having any reasonable success with it ?

    Thanks

    :p
    Tagged:


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    #2
    él statutorio
    Registered Users Posts: 1,259 ✭✭✭él statutorio


    Unless you have access to a load of servers or custom GPU's I wouldn't bother. The time to mine bitcoins on a small scale was years ago.


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    #3
    ironclaw
    Registered Users Posts: 8,004 ✭✭✭ironclaw


    él statutorio wrote: »
    Unless you have access to a load of servers or custom GPU's I wouldn't bother. The time to mine bitcoins on a small scale was years ago.

    This. And you would actually need custom bitcoin systems at this point given the complexity now faced (Look up Butterfly labs etc)

    To give you an idea of the scale you would now need to better:

    https://www.youtube.com/watch?v=K8kua5B5K3I

    The exchange rate is also pants compared to what it was. Ship has sailed unfortunately.


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    #4
    L.Jenkins
    Moderators, Computer Games Moderators, Technology & Internet Moderators Posts: 19,240 Mod ✭✭✭✭L.Jenkins


    Given the cost of equipment to make any amount of money from mining, it would be some time before you'd break even.


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    #5
    pedroeibar1
    Closed Accounts Posts: 5,108 ✭✭✭pedroeibar1


    Storm99 wrote: »
    Anyone got any recent experience with this ? I am considering giving this a go but would like to see if anyone is having any reasonable success with it ?

    Thanks

    :p

    That is so like, 2013……… small guys in the Bitcoin game get raped (fool + money = soon x parted).
    Do explain how you can compete - power consumption & costs, data-centre speed and cost, against the current (falling) price of bitcoin. The bigger guys are offloading asap what they mine to buy better/faster mining resources in the hope of getting ahead of the curve. More supply is driving down the price. Look at the price falls – from about $1200 last year to less than $300 today…
    Bitcon is a scam, a spiral into oblivion. Discussion on it belongs in Afterhours or in the tiddlywinks section. Not here.


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