Bitcoin with ASIC can be profitable?

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Enrique Montilla Jimenez

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Jan 19, 2015
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Im willing to buy an Antminer S9 or a couple of them cost is around 2000$. Power is free cost is 0.
Can it be profitable this way or am i just wasting money?
Btw what is better way to farm another type of coin and then automatically exchange to bitcoin?
Like litecoing or other, but i guess antminer wont work there anymore. Any ASIC that works for lc?
What other equipment i need for this?
 
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TechyInAZ


Litecoin is the only other crypto currency...
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Epsilon_0EVP

Epsilon_0EVP

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Jun 27, 2012
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I'm not too knowledgeable on mining, but I do know that mining Bitcoin is essentially useless nowadays, unless you want to contribute to the project. Even without paying for power you'd take a long time to recuperate costs. I'd look at alternative cryptocurrencies instead, but unfortunately I'm not knowledgeable enough to say which would be best.
 
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photonboy

photonboy

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Jun 20, 2006
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It's not profitable unless you have a significant investment AND know what you're doing.

Where do you think the money comes from? (hint: other people that don't know what they are doing)

Not only that, but the price can fluctuate significantly. It's not well regulated for obvious reasons. I'm sure you heard about Bitcoin having Billions just disappear?

Basically:
If you're here asking basic questions like this don't even consider it.

I'm curious how the power is FREE... obviously someone is paying for it, so to sate my curiosity how were you planning on doing that?
 
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Enrique Montilla Jimenez

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Jan 19, 2015
21
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4,510


What about another criptocurrencys? Free energy is paid by the state in my country some places have free energy.
 
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TechyInAZ

TechyInAZ

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Jun 23, 2014
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Litecoin is the only other crypto currency I can recommend that is even valuable in today's market.
 
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