If you think Bitcoins will rise in price, determining the value of Bitcoins mined today is massively subjective.
Then, of course, you'll be free to buy new equipment of your own!Īnother consideration is future value.
CAN YOU MINE BITCOIN ON MAC FULL
No calculator tells the full story, though, because you can sell your used gear on Ebay or Craigslist when it still has value to someone coming up the Bitcoin ladder. I like the Bitcoin Mining and Profitability Calculator at the best. Search for Bitcoin Mining Calculator, and you'll find a ton of them. In other words, if you spend $1,000 on mining equipment, how long will it take to generate $1,000 worth of Bitcoins- after you also pay for electricity. The question that experienced/serious miners look at is what their return on investment (ROI) will be. : Use coupon code " MacObserver" to get 7.5 percent off your order. JonesGear: Use coupon code " MacObserver" during the month of April to get 5 percent off your order. In the Wild West world of Bitcoin mining, that's worth a lot.īetter yet, both companies set up discount codes for you, my gentle reader, to use. I got one defective (manufacturer's defect) piece of gear from each company, and they both promptly replaced it. I've bought several times from both retailers. retailers- JonesGear and -that not only offer excellent customer service, they back up the gear they sell. You can buy on Ebay, but I've found two U.S. The most intimidating thing about Bitcoin mining is where to buy that gear. If you need more information on Bitcoins, check out my Bitcoin Primer, my review of a Bitcoin poker site, and my list of Bitcoin faucets that actually pay. On mining Bitcoins: it's an unending rat race.
Today, however, you'll need to buy specialized mining gear based on ASICs (application-specific integrated circuits), but the good news is that there are several entry-level options available, and you can run them from your Mac, a Windows PC, or a Linux box.
You used to be able to mine with your CPU, and then GPUs ruled the roost for a couple of years. The world of Bitcoin mining can be confusing if you're new.
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