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Ask HN: Can you make real money in crypto-currency mining?

3 pointsby basdevriesover 11 years ago
Hi HN,<p>I was wondering if anyone of you is actively mining for BTC&#x2F;LTC or anything else, and if someone is really able to turn a profit out of it, or if it&#x27;s just a hobby thing.<p>Thanks really much! Really looking forward to your comments

2 comments

justinirelandover 11 years ago
I think the days of independent mining are over. Used to be you could mine several hundred BTC&#x2F;month with a nice multi GPU setup. If you held on to those BTC then it would have been very profitable.<p>But as difficulty increases it requires more and more specialized hardware for less output. It is to the point now where you cannot expect to make money mining unless you are willing to invest millions in equipment and facilities.
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gesmanover 11 years ago
If you&#x27;re producer of mining equipment - yes. You sell shovels to gold diggers and make tons of cash, optionally by delaying prepaid shipments to end users (dirty tactic) until usability of your mining equipment diminishes greatly.<p>If you&#x27;re gold digger - we all know where it ends.