Bitcoin initially did not require specialized hardware, but as new golden hashes get harder to find, mining costs more in electricity and depreciation without speciality gear (or a huge BITNET running for free). If scarcity drives up BTC value, maybe, but odds of finding one still declining as payoff increases. I haven't checked the calculation lately, it would be a good exercise: what would an AWS VPS mining cluster big enough to average 1 BTC mined per week cost to operate?
Which if any of the alt-coins have legit upside is not yet clear, and the most likely of them already requires a cluster and has had its first major scam. / bill On Jun 16, 2017 5:58 PM, "Greg Rundlett (freephile)" <g...@freephile.com> wrote: > My son is investigating crypto-currency mining and seems to think it's > incredibly lucrative. > > I've not delved into it at all. > > Comments? Anyone actually making money mining? > > From what I've previously gathered, I thought the amount of computational > power, expense and electricity just about squeezed out anybody but those > with super-specialized hardware. > > Greg Rundlett > https://eQuality-Tech.com > https://freephile.org > _______________________________________________ > Discuss mailing list > disc...@blu.org > http://lists.blu.org/mailman/listinfo/discuss >
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