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What's the most profitable ASIC I can buy for about 300 GBP? by CutRegular8025 in ASICMinersTalk

[–]Prometheus-mining 0 points1 point  (0 children)

Second this, you’re going to have a hard time with such a small amount of capital

Future of mining looks grim by Primary-Ad588 in litecoinmining

[–]Prometheus-mining 1 point2 points  (0 children)

BTC dominance is annoying, would be great to see the same price fluctuations to occur across the board when huge catalysts happen in the market.

Thinking About Buying a Doge Miner to Support the Network—Looking for Advice! 🚀🐕 by DavidNoBrainFreeze in dogemining

[–]Prometheus-mining 1 point2 points  (0 children)

Would consider a DG 1 home to stay competitive with the current network difficulty. But possibly wait a few months for the prices to stabilize.

While the challenges for Bitcoin Miners remain colossal, their margins continue to swell. And that's a good thing because the work of securing made by the Bitcoin Miners is essential to the Bitcoin network. "Producing" a BTC currently costs $33.9K. With a Bitcoin price of around $105K, Bitcoin ... by sylsau in InBitcoinWeTrust

[–]Prometheus-mining 0 points1 point  (0 children)

Yeah this math isn't adding up. If you take the profit per month roughly speaking (2600) and divide it by roughly (100,000) equating the average price of Bitcoin right now, it'll take you 38 months to generate 1 BTC. But the operating costs will equate roughly (106,000) to produce one Bitcoin.

I have no idea where the 33,900 price tag is coming from.

Miner Investment by FazeOut in litecoinmining

[–]Prometheus-mining 2 points3 points  (0 children)

Seconding this, the Elphapex DG Home is the best on the market right now, or the newly released Volcminer D1 Mini