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Need knowledgable crypt-expert

Discussion in 'CryptoCurrency' started by cryptexicebone, May 13, 2015.

  1. cryptexicebone

    cryptexicebone Regular Member

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    Occupation:
    Baller
    Location:
    los angeles, ca
    I have an opportunity to mine with 0 electrical cost or bandwidth costs.

    basically the only operational costs are the initial hardware, facility is completely free and large enough to accommodate plenty of processing stations.


    I have several questions, if anyone can provide me with some answers Id love to talk with you.


    PM me, and we'll get in touch through Skype. or post in the thread
     
  2. BTCnet

    BTCnet Newbie

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    I have my fair share of knowledge , I was into bitcoin mining from 2012-2014. if you have that advantages, you have to calculate the ROI of the equipment. There are a tons of Bitcoin mining calculators but the best is bitcoinwisdom.... /bitcoin/calculator , you just have to fill the boxes and see if you will eventually have postive ROI or not.

    They have a default Difficulty Increment: of 20 % but latetely it has not been that high, a good way to calculate the difficulty increment is to visit bitcoinwisdom... /bitcoin/difficulty and create an average of the changes in the last 3-4 months. Filling all the data you will get a pretty good idea of your earnings through mining.

    Bottom line is , unless you have a sweet deal , it would be better to buy and hold the bitcoins instead remember that in 2016 the block reward will be cut in half. Good luck
     
  3. AgentKaiju

    AgentKaiju BANNED BANNED

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    I would honestly discourage mining. It's just a lost cause at this point. There are way too many people trying to mine that it makes it excruciatingly difficult.
     
  4. Mr Jack

    Mr Jack Junior Member

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    If the hardware is really, I mean really powerful. Sure go ahead, but a normal i7 machine - forget it.