25 Sep '13, 8am

Can I Make a Living Off Bitcoin Mining? – Nah, Probably Not.

Can I Make a Living Off Bitcoin Mining? – Nah, Probably Not.

In part one I explained how you make money with mining Bitcoins, so read that, but to re-iterate the two variables we need to measure and estimate that determine how much cash you can make are: The difficulty rate (which will always increase, it’s just a matter of how fast) and the BTC-AUD exchange rate (which will hopefully go up over time, but as we saw lately, can crash). Measuring these accurately to predict what will happen next is very difficult/impossible, as these things are dynamic and always changing, but you can input (then hope) for trends.

Full article: http://decryption.wordpress.com/2013/04/13/can-i-make-a-l...

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