Is it worth mining bitcoins with gpu

Bitcoin will help unite people even more and a system needs to help organize and oversee and regulate.I would make back my original and a little more, without losing the opportunity cost, right.

My first rig was a KNC Jupiter (approximately 1Th) and back then, things were pretty profitable, so I decided to invest in two new KNC Neptune units.

BitCoin Mining With A VPS - LowEndTalk

Bitcoin is an emergent system, its part of a natural progression to create higher and higher levels of organization.A sharp enough Bitcoin price drop could, effectively, cause enough miners to be turned off that it takes a very long time to mine enough blocks to reach the difficulty change.I feel for anyone that has this as an argument should not even touch bitcoin mining with a 10 meter pole.

I never expected to solve a block with my minimuscular resources.A large portion of the mining community, at that time, were not mining for profit alone.However, this is not nearly as important as it was while Bitcoin mining ASICs were experiencing incredibly fast leaps in efficiency.

I am stating that unprofitable miners should unplug and they are making network conditions worse, not better, by staying in for no benefit whatsoever.Miners (even small miners who lose money) contribute to the future of the bitcoin network.

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This leaves around 6,700 hours a year where a Nutanix GPU node is likely. each bitcoin is currently worth nearly as much.Those who are interested about the education and hobbyist aspects will be clear what they are getting into themselves.If you notice somebody abusing the subreddit rules, please message the moderators with the permalink in question.Also, these individuals would alter their system settings, as well as the settings for the Bitcoin mining software, to lower the stress placed on their hardware, as well as increase their power efficiency.

We will eventually have a larger more unified world government in the end.What Bitcoin needs most is a thriving real economy, where growth in value is driven by people actually buying things and not empty speculation.The secret is to mine Litecoin and convert it later - find out how.Everything is dynamic around us so there is no telling what will happen.I am not too sure that in itself is a good idea in the first place.

Others may be just trying to hedge their bets, and break even on their investment through a combination of the bitcoins they mined and revenue from the sale.Likewise, all moderators of this subreddit do follow the Modiquette.

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Bitcoin mining is profitable, but it is hard to keep it that way. Is it still worth it to mine Bitcoin in 2017.My thinking was, apart from learning a shit ton, that when that 1BTC eventually plops back into my account, it will be worth more than I would have sold for as a speculator.

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Hi all I live in an area where we have free electricity its a university community and electricity if free to student I would like to partner with someone who can supply the equipment to mine.

Bitcoin mining - reality or commercial

Bitcoin Mining, Ethereum Mining, Cloud Mining: 2016 Overview.

It can be done, but requires almost an unanimous decision to not fuck up the network.Yes, mining is worth it. This statement was much more true in the days of GPU mining.

Bitcoin mining on old GPU - Bitcoin exchange / Litecoin

I might order a USB miner myself for fun since they are cheap now.He wrote it in 1997 and the cypherpunks had discussed the idea dating back to the early 90s.I think, it could be possible that a bitcoin wallet would be the replacement for social security in terms of identity.

I expected to gain knowledge and experience -- a goal that I accomplished.But that being said. it is pure gambling buying mining equipment or buying bitcoin when the market is so extremely volatile.Your 20k investment into BTC mining is now a central heating system, amazing. hahaha I like how you stay positive in such shitty situations, more power to you bro.