Okay so this has been hurting my brain all day. How do people make money. I have been looking up calculations of the cost of rigs vs the hash rate and no matter what configuration I make it always comes out either yielding no money at all or losing profit.
I just did a calculation of 4 5870 and their hash rates and power usage and it said it would take 1300 days to break even. WTF! why do people mine I have to bee overlooking something.
Bitcoin Died a Few Months ago, when a major trading house had their Database of users stolen, everyone decided that bitcoin is too risky, and now prices are awful.
I would Recommend just avoiding Bitcoin, as I lost over $300 in a PayPal Chargeback relating to one of our Pools.
Yeah guys just stick to Folding@Home, that's being ditched :P
it was profitable back in the day before silk road and the mt.gox hacking, $30 a coin and about a coin a day with a 5850, not anymore with barely half a coin a day with 2 5850s and 1 BTC@$4.80
Destroyed007 said:
Yeah guys just stick to Folding@Home, that's being ditched :P
every now and then when i have a long download on ill fold