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New Miners: it's NOT profitable to build a rig today -- a more realistic calculator

Every day on the bitcoin irc channels, I hear people talk about the profitability of mining according to some calculator.
Lets face it: The easy money came and went a couple months ago and the gold rush is over.
I hate to see people deluded by false information, because of calculators that don't take into account the rising difficulty.
Here's a more realistic calculator for 1 GH/s if someone were to build a mining rig today, and the price remained constant. It accounts for a 25% difficulty increase each period, which is reasonable.
Link: A More Realistic Mining Calculator
Don't enable "Predict exchange rate", because that part is seriously flawed.
So please, save your money. Don't throw it away on a rig that probably won't be able to recuperate its original value.
submitted by vigilyn to Bitcoin [link] [comments]

I have a few Bitcoin Mining questions...

I decided to look into Bitcoins and Bitcoin Mining a few days ago and tonight I decided to install BitMinter and get my feet a little wet. So far I'm seeing a hash rate of between 1.29 Mhps and 1.65 Mhps. I'm aware this is very low, but how low? Am I looking at roughly 1 Bitcoin per day at this rate? If I wanted to turn a profit on Bitcoin Mining over my investment within, say, one to three months, what sort of upfront investment in hardware would I be looking at? And what hardware would you guys recommend?
Found this calc: http://www.alloscomp.com/bitcoin/calculator
submitted by oakley56fila to BitcoinMining [link] [comments]

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USI Tech Calculator google sheet

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