Friday 1 July 2016

Will large scale, profession, bitcoin mining be profitable or worth it for the foreseeable future?

Im part of a startup with some substantial startup money and was thinking about setting up a big Bitcoin mining farm (300 TH/s +). Will Bitcoin mining be profitable and worth it for the foreseeable future? Will there eventually be a point when Bitcoin will no longer be mined? I know there is theoretically is a limit to how many bitcoins will be created but what will happen after that threshold is reached? Who will continue to encrypt the blockchain? Should we invest time, energy and money into mining hardware as well as keeping everything current or should we not even bother?



Submitted July 02, 2016 at 12:52AM by Zavross http://bit.ly/2965TnK

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