If so...what would one reccommend as far as an ASIC Miner for getting started in a pool. I'm like...say I were to buy a miner. For me to make a profit, what would a good setup need to be to remain profitable to the changing difficulty?
Like say I joined a pool now with the intention of contributing enough to the pool to say make 1btc a month...how much would my initial investment need to be? That's more processing power than monetarily natured.
Then, with the increase in difficulty, how much supplemental processing power would need to be added to keep up the changing difficulty to remain at say 1btc a month.
or even 1/2btc a month.
My thing is if it costs me $0.60 USD to run my machine for say...24 hours. In that 24 hours, that machine will have needed to be powerful enough to exceed my cost of $0.60/day. So to make a profit of say $0.40/day I'd need to mine ~.00214btc a day...which only equates to ~$30 a month. For this to be a wroth while endeavor I'd want to make say $200 USD in BTC a month which at current exchange is .427BTC. which equates to about .0142BTC a day, which is what I'd ideally HOPE to be able to mine.
so...what would I need to say mine .014BTC a day?
Like say I joined a pool now with the intention of contributing enough to the pool to say make 1btc a month...how much would my initial investment need to be? That's more processing power than monetarily natured.
Then, with the increase in difficulty, how much supplemental processing power would need to be added to keep up the changing difficulty to remain at say 1btc a month.
or even 1/2btc a month.
My thing is if it costs me $0.60 USD to run my machine for say...24 hours. In that 24 hours, that machine will have needed to be powerful enough to exceed my cost of $0.60/day. So to make a profit of say $0.40/day I'd need to mine ~.00214btc a day...which only equates to ~$30 a month. For this to be a wroth while endeavor I'd want to make say $200 USD in BTC a month which at current exchange is .427BTC. which equates to about .0142BTC a day, which is what I'd ideally HOPE to be able to mine.
so...what would I need to say mine .014BTC a day?
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