Do any of you fags mine bitcoin? Is it worth it? How long does it take for the equipment to pay for itself...

Do any of you fags mine bitcoin? Is it worth it? How long does it take for the equipment to pay for itself? As I understand it its a setup and forget thing, you dont need to invest time in it day to day, is that true?

Too late

What? Why?

its oversaturated, you can't make decent money on it anymore

You are so late to the party I don't even have a slowpoke slow enough for this.

theoretically worth it if you use specialist hardware and get free power

so if you pick up a cheap asic rig and plug it in in the office you might generate a few cents

I'm not looking to make a living out of it but if its really a setup & forget thing and its gonna make me a couple hundreds dollars a month extra I'll be happy.

>couple hundred dollars a month
thats ganna cost you about 10k to start it and your ganna need to go back in time to about 2012

>a couple hundreds dollars a month extra
Look at this man, look at this man and laugh.

You shouldn't invest in bitcoins if uou don't know how they work.
You need exponentially more computing power at each bitcoin created in the world so it was lucrative only when it began ( and when the special chips came out).

The big boys with actual money have produced specialized chips that are made specifically for mining bitcoins. These are set up in a VAST array so they mine fast as fuck.

Bitcoin mining is about solving puzzles that get harder for each new puzzle. Only the fastest solver gets the prize. You have to beat every single miner out there in order to get anything. You don't have the funds to do so. It's not something the average guy can do anymore. Corporations own it now.

Didn't realise I was this late. If you guys have done it yourselves early on, how much did you used to make?

I didn't, I was too late as well ()

I don't know how to give link to diff bits of Sup Forums
Please go to /biz/

what if im an IT guy at work, and have access to a large network of servers that i dont have to pay electricity for

Copy / paste the url here from /biz

I was making them with my GPU and made 40 dollars per bitcoin...
I would invest in them just after an FBI raid on child porn websites or drug sites (on TOR) closing suddenly and running away with the bitcoins, it usually drops at these times.

Just make sure you install Adobe Reader and Google Ultron to avoid suspicion. If questioned, blame it on the Olympics.

I can't imagine it's profitable at all until currently. it's a future gains project: mine now, bank later when BC is ~$1,000.
>I tried mining on an old employers network of servers, and after a few months I only made about $20. Imagine the cost of electricity alone compared to that minor gain.

Then you can always have fun getting arrested.

Winrar

Bump?