47 0 0 0 13 6. Is it time for the average investor to get some skin in the game? Only if you’ve got cash to spare, says Mark Cuban, the billionaire investor and Is it still worth investing in bitcoin Tank host.
Cuban said of buying Bitcoin in a recent interview with MONEY. 15,000 or zero and maybe both on the same day. 13,000, and experts are split on whether the cryptocurrency is a good investment or not. Daily Money Sign up to receive the latest updates and the smartest advice.
3 billion, and assets like the Dallas Mavericks, he can afford to take some risks. Which is essentially his mantra right now on how regular people should approach Bitcoin. If you have money you can gamble with, then it’s worth taking a shot. Money may receive compensation for some links to products and services on this website.
Offers may be subject to change without notice. Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. P Index data is the property of Chicago Mercantile Exchange Inc. Powered and implemented by Interactive Data Managed Solutions.
It is a question asked often. Let’s get straight into the crunchy numbers. We’ll assume that you’re an average person who wants to mine some bitcoins. You have a typical desktop computer at home, and you plan to only run one miner. Efficiency in terms of gigahashes per watt is key, as a lower efficiency will make the miner obsolete more quickly. The longer your miner runs, the more time you have to recover the initial cost.
85074029 BTC in a month, assuming no downtime. Given these numbers, your break-even point is less than 7 months away. Well, it is on the surface, but the difficulty changes, usually in the wrong way. Essentially, no matter how few or how many machines are mining, Bitcoin attempts to self-regulate and only release 3,600 bitcoins per day.
As additional miners are added to the Bitcoin network, the difficulty is automatically increased to compensate. Those same 3,600 bitcoins are split between more and more people. It is difficult to predict the future of the Bitcoin difficulty. 2010 and one two-week period in 2011, the difficult has never dropped. You can probably count on it continuing to increase as long as Bitcoin is considered valuable. That said, we can do our best to predict future difficulty changes using past difficulty changes. Certainly, this cannot be entirely accurate, especially as we approach the point at which miners will begin to stop purchasing new mining hardware and the next point where miners will actually start to turn off equipment, but we can perhaps come up with some reasonable expectations.