Bitcoin Hash Rate Rapidly Growing Despite Price

Re:Bitcoin Hash Rate Rapidly Growing Despite Price by cdiddy2 on Friday July 13, 2018 @02:21PM (#17525382)

I sort of doubt that, you would want to use the mining equipment as soon as you get it because more efficient equipment would/could come out between now and then making your profits a lot less or even your equipment obsolete

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Re:Bitcoin Hash Rate Rapidly Growing Despite Price by tboyd47 on Friday July 13, 2018 @03:30PM (#17525957)

This is true. They could also be mining a different coin or chain then switching over. All speculation I guess.

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Re:Bitcoin Hash Rate Rapidly Growing Despite Price by bwbw223 on Saturday July 14, 2018 @01:39AM (#17529001)

Not with bitcoin - ASICS are the only profitable way to mine. They only work on sha256 coins, and generally crypto currencies that use the same POW have similar difficulty/profitability.

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