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Re: Already made it post# 25847

Sunday, 07/13/2014 12:39:49 AM

Sunday, July 13, 2014 12:39:49 AM

Post# of 57991
You are not going see that many. When I started mining exactly one month ago at 6 TH/s, I was being rewarded .32 BTC a day. Since then the difficulty has increased by 15% and I am averaging around .18 BTC a day. In another month, I will probably get between .12 to .15 BTC a day. There is definitely diminishing returns as the difficulty increases. Next week, I am going get another 6 TH/s for a total of 12 TH/s and I should be getting around .40 BTC a day. It is a good idea to get as many TH/s as soon as possible because a year from now the network will have a lot more hashing power and the BTC return will not be that profitable for us small miners. I am hoping to average .15 during the next year that will produce around 55 BTC. Still very profitable. Even at .10 BTC a day the miners pay for themselves. The other reason to get started as soon as possible is that as the price of BTC increases, miners will be much more expensive and harder to obtain. You will enjoy mining BTC and probably, like me, find it very addictive. BTW, MELY will make a ton of money. You have to understand BTC to understand the potential here. This is not a flipping stock. The flippers and people who don't understand this BTC will sell MELY and buy back at much higher prices. My anology to MELY is AOL. People who understood the internet knew AOL was going to make a ton of money because they understood the potential of the internet.

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