Questions tagged [mining-profitability]

The economics of mining operations.

Questions using this tag should be asking about the costs of mining such as electricity and hardware costs, and the revenue that could be earned through mining. Questions can also ask about the profitability of cloud mining services.

Mining can be a profitable process, and most people who wish to mine Bitcoin or other currencies want to know how profitable it will be. In general, mining consumes a lot of electricity and is unprofitable in regions where the cost of electricity is high.

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How much Bitcoin will I mine right now with hardware X?

Say I have a given piece of hardware (CPU/GPU). Where can I find out how much Bitcoin will I mine per day?
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In the ASIC-age, is it worth starting mining Bitcoin at home?

I have recently learned about Bitcoin and would like to get rich quickly into mining. I have control of a laptop library full of ancient computers powerful gaming PC cluster of GPUs an old ASIC, I got for three times its worth off eBay a cluster…
Murch
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Is CPU mining even worth it?

I would like to start mining, but my GPU isn't the greatest and I don't really want to spend the money on a dedicated rig. Is mining from my CPU (in a Linux environment) still worth it? Or will I not be able to keep up?
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Is there any point to casual mining?

Is there any point to casual mining anymore? I recently discovered bitcoin and was wondering if there was any point to running mining software on my laptop while I work on essays or other non-computationally intensive task. I tried looking around,…
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Do these new ASIC miners really pay for themselves in 5 days?

The Bitforce 50GH/s miner costs $2,500 today, and according to the following calculation it would mine enough coins in about 5 days to pay for itself. I am sure I am missing something here. Why would they even sell this hardware at all? Surely it…
Simon
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Solo mining just for luck, realistic?

Just turned my attention to mining and the concepts are quite new to me. First of let me be clear: I realize that my hardware setup is far from ideal for mining. This is also the reason why I do not want to pool, I would simply provide a too small a…
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What is pool hopping?

What is pool hopping and how do pool hoppers affect other miners? Are there ways to prevent it?
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Why would anyone sell a Bitcoin miner instead of just mining themselves?

Every time I have asked Bitcoin experts about buying a "cloud mining" account, that is, paying fiat money to a company for them to mine Bitcoin for me, I get the response that it's a scam. "Why would they want to give you any Bitcoin when they can…
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How can I compute mining profitability?

It was asked elsewhere, but I'm re-asking the question in a less time sensitive way. Can you please list some of the techniques, charts, spreadsheets, calculators or other tools that help someone to compute mining profitability?
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Current FPGA Competitiveness

I know CPUs and GPUs can't really compete with ASICs anymore but what about FPGAs? Are they still reasonable? Anyone have a ballpark idea of what kind of Gh/s (or Mh/s) has been done with something like a Spartan 6?
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Does bitcoin miner heat as much as a heater

If someone want to heat a room or some water for a defined amount of time and without a worry about the sound produced. Can a bitcoin miner be a good subtitute to a modern heather with the same power consumption ?
Saxtheowl
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Solo Mining vs Pool Mining for users with high computing power

Let's say that a user has a decent amount of computing power. At the current difficulty of 1777774.4820015, he could have for example 10Gh/s (he would earn around 5 BTC per day according to a calculator). Is it more profitable for him to solo mine…
nmat
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Do USA-based miners need to register with FinCEN?

As seen in recent news, FinCEN has issued a statement on its classification of virtual currencies: http://www.fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html Hypothetically suppose I mine BTC and sell it on MtGox for USD. Do I need to…
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Can casual people still mine for bitcoins, now that the difficulty is much higher than it was?

Can casual people still mine for bitcoins? As of October 2012, the difficulty seems very high, being over 3,000,000. I've seen a ad for bitcoins, and watched the video. It said I could mine for them with my computer, so can I?
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Will the amount of electricity used for mining be huge if Bitcoin is widely adopted?

A quick and very rough estimation: If the USD/BTC exchange rate grows to $1000/BTC (not that far-fetched if Bitcoin is actually widely adopted) bitcoins for a value of $300000 would be produced every hour, given the current rate of 50BTC each 10…
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