How much money do you think I could make in 1 month...
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I have a 1TB hard drive that I am plotting now. I'm going to be gone for a month and want to mine Burstcoin. On a mining calculator online, it says I will make about a dollar in 1 month! Is that solo? How much would I be making if I joined a pool?
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@burn1ngf1re Long term - about the same, and that $1 is based on current price which is low compared to it's norm.
H.
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what is its normal price?
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@burn1ngf1re Currently it's at 27 satoshi, normally it's 40+
H.
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@haitch so would that make it like 2 dollars a month? or like 1.5 or something even less? Should I invest in assets?
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@burn1ngf1re Yeah, about $2. Assets (well at least the trusted ones) provide a steady income, but the ROI on most of them is quite long., but you can always re-sell to recoup your initial investment.
H.
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@haitch so is it even worth it to mine with 1TB?
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@haitch also oh no! my computer fell asleep for a second when i was plotting my drive! I hit power instead of backspace. Did that ruin it? Do I have to restart?
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@burn1ngf1re If it was just sleep and not a restart, you're probably okay. If the plotter didn't error, then leave it alone.
As for wether it's worth mining at all? That's something you need to decide. The cost of mining (assuming your PC is normally on 24x7) is about 1/10th of a penny/day. And while the value of Burst is currently low, remember that a guy once paid 10,000 bitcoin for a pizza. ( Those Bitcoins are today worth $7.7M )
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@haitch no error. Yes we gotta believe
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@haitch so the sleep thing happened at 5%. Its been on 8% for a long time now... wonder if something is up. The drive isn't working as hard now, fan and noise wise lol
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@burn1ngf1re If it moved on then I'd let it run. You can check task manager to see if it's still working.
H.
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I like to look at it like this, if I have 100 Burstcoin today and let's pretend each Burstcoin is worth 2 cents. I have $2.00 but, if in 6 months the Burstcoin appreciates to a value of 30 cents per Burstcoin I now have $30.00. A little Burst now can become a very large pay off later.
It's all a matter of the waiting game. I for one am expecting the Burst has nowhere to go but UP at this point! I say keep mining!
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@Dedsyte +1 for your comment
