Thursday, 25 May 2017

With BTC high, good time to mine?

With Bitcoin hitting all time highs does that have an impact on the profitability of mining?

I get free power and based on tradeblock calculator if I ran an Antminer S9 I could break even in November and see about $1300 in profit by this time next year -- and that's with conservative BTC value estimates and not accounting for additional value gains.

Of course, things could rebound and prices go down but let's pretend for a moment prices stay as is or go up -- does the high value mean that mining can be profitable for little guys like me again?



Submitted May 26, 2017 at 09:19AM by Mr_TheW0lf http://bit.ly/2qhSUgs

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