[Discuss] Any miners?

[Bill Ricker]

Bitcoin initially did not require specialized hardware, but as new golden
hashes get harder to find, mining costs more in electricity and
depreciation without speciality gear (or a huge BITNET running for free).
If scarcity drives up BTC value, maybe, but odds of finding one still
declining as payoff increases. I haven't checked the calculation lately, it
would be a good exercise: what would an AWS VPS mining cluster big enough
to average 1 BTC mined per week cost to operate?

Which if any of the alt-coins have legit upside is not yet clear, and the
most likely of them already requires a cluster and has had its first major
scam.

/ bill

On Jun 16, 2017 5:58 PM, "Greg Rundlett (freephile)" <greg at freephile.com>
wrote:

> My son is investigating crypto-currency mining and seems to think it's
> incredibly lucrative.
>
> I've not delved into it at all.
>
> Comments? Anyone actually making money mining?
>
> From what I've previously gathered, I thought the amount of computational
> power, expense and electricity just about squeezed out anybody but those
> with super-specialized hardware.
>
> Greg Rundlett
> https://eQuality-Tech.com
> https://freephile.org
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> Discuss at blu.org
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>
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