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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: longnshort who wrote (709018)	4/13/2013 3:32:27 PM
From: i-node	Respond to of 1572334

Right. If a person is serious about it, they can spend a small amount of money ($1500-2500) on a 25 or 50GH/s "black box" for the mining process. For example: butterflylabs.com One of these $2,500 devices can mine on average a thousand a month, so if you had 98 of them you might get to 98,000. The problem is that as more bitcoin is mined, the "difficulty" increases such that it takes more computing power to find the next block. I think it would be exceedingly difficult to do this profitably at this point. Although, if you were going to do it, ASIC is probably the way to go.