<div dir="auto">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?<div dir="auto"><br></div><div dir="auto">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. </div><div dir="auto"><br></div><div dir="auto">/ bill</div></div><div class="gmail_extra"><br><div class="gmail_quote">On Jun 16, 2017 5:58 PM, "Greg Rundlett (freephile)" <<a href="mailto:greg@freephile.com">greg@freephile.com</a>> wrote:<br type="attribution"><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">My son is investigating crypto-currency mining and seems to think it's<br>
incredibly lucrative.<br>
<br>
I've not delved into it at all.<br>
<br>
Comments? Anyone actually making money mining?<br>
<br>
>From what I've previously gathered, I thought the amount of computational<br>
power, expense and electricity just about squeezed out anybody but those<br>
with super-specialized hardware.<br>
<br>
Greg Rundlett<br>
<a href="https://eQuality-Tech.com" rel="noreferrer" target="_blank">https://eQuality-Tech.com</a><br>
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