Originally Posted by frickfrock999
Not even close. That's an area dominated by heavyweight backers who spend more on one bitcoin machine than the majority of us make in a year.
If you want to mine, go mine some Litecoins. That's what I'm doing soon.
I'm not making the same mistake I did 2 years ago by not taking advantage of such a big up and comer.
No no no. This is like bitcoin wasn't profitable a to mine a while ago, but suddenly the price goes from 5$ to 20$ to $1000 and what was once dismissed as unprofitable mining suddenly shows it would have been profitable after all.
You can only say it is unprofitable if you know what the price will turn out to be in the future - and I don't think anyone has that particular factoid.
So yeah - it may be profitable to mine even very small amounts - and don't let anyone say otherwise.
Can I run a poll here ?
I would ask -
What is the price of BTC in 5 years time ?
Would be interesting to see what people think.Edited by dogbiscuit - 11/19/13 at 2:23pm