Bitcoin Mining, is it worth it?

[-HH-]

I was looking around at bitcoin mining and wondering whether it was worth it and what the payback time would be of getting a DECENT bitcoin mining rig? How much would this sorta rig cost?

 

[emdea22]

If it were 2013 then yes, otherwise GPU mining is dead.

 

[-HH-]

Due to the new ASIC chips, right?

How would this work, would it be viable or is it kinda stupid?

 

[smorizio]

hh look up on google bitcoin trader goes bankrupt...bitcoin trader loses millions in bitcoins. there was a larger trader that was the bitcoin market that all there coins were stolen and they went under. when they did they took the market with them. the other issue now is a lot of other vendors are starting up there own cryto curance.

 

[-HH-]

Right that makes a bit more sense now Smorizio.

Cheers, I was just thinking if there was a way to make some bonus money I wouldn't mind because I want to move out tbh.

Cheers for clearing it up lads.

 

[jasonkaler]

Due to the new ASIC chips, right?

How would this work, would it be viable or is it kinda stupid?

Even with "new" ASIC chips, the price you spend in electricity is higher than what you will get back in bitcoins.

 

[-HH-]

Fair enough, I just saw something about it in my break, wondered if it was anything decent.