Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

I updated that forum post with new numbers showing that at the current difficulty it might cost over $700 to generate a single block, and at the estimated difficulty which will happen tomorrow, it will cost over $1000 to generate a single block.

Generating a block currently gives you 50 bitcoins that are worth about $45 at the current market price.



I guess you mean for CPU mining? Mining with a GPU is definitely profitable.

That's why the difficulty keeps increasing; mining is so lucrative that an ever increasing number of people are getting on board, which drives up the difficulty.


No, I was referring to mining on Amazon's GPU systems.




Consider applying for YC's Fall 2026 batch! Applications are open till July 27.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: