are this time good to start mine burst ?

[Marksambalado]

well i see http://burstcoin.biz/stats availabe supply for burst still 17,2% unmined are this time good to start ? or maybe there other coin like burst ? thx

[socalguy]

Burst is a unique coin. It is still a good time to mine Burst. Get some while it's hot!

[PingOfd3ath]

@Marksambalado it will be several years before burst is completely mined

[zack]

@Marksambalado it's the right time to get in , before it become really hard to mine. now you can start with at low at 1TB and found the right pool for small miners.

[Marksambalado]

@zack said in are this time good to start mine burst ?:

@Marksambalado it's the right time to get in , before it become really hard to mine. now you can start with at low at 1TB and found the right pool for small miners.

ok i think i m gonna try 40 TB is that enough ?

[Marksambalado]

@PingOfd3ath ROI estimate ?

[PingOfd3ath]

with network difficulty rising so fast it might be up to a year, before this spike though it was about 5 months if i remember right
or do you mean estimated date burst will be completely mined?

[Marksambalado]

@PingOfd3ath yeah i mean ROI but i worried the mining burst will completely mined before i ROI

[PingOfd3ath]

roi before spike was 5-6mo, after spike maybe a year. all burst will be mined by the end of 2029

[Marksambalado]

@PingOfd3ath wew so difficult will be up so hard right ?

[PingOfd3ath]

here is network dificulty, see how it spiked.

http://burstcoin.biz/charts/estimated-network-size

[iKnow0]

@Marksambalado Its hard to work out an exact ROI, as the price of Burst may rise or fall, also the network difficulty will change also. The one thing that can be calculated into the future is the block reward. I calculated with an excel projection it will take aprox 18 Months to get full ROI at current network difficulty and Burst price. Also the cheaper your cost per TB, the better.

[daWallet]

It's never and always a good time to start burst mining. Depends on your time preference and if you look retrospectively at your mining rewards or on a daily basis.

Like in every investment you shouldn't do it solely for the profit. It may take longer (or even never) then you calculated or initially wanted.

[aitor]

@daWallet why you say that? Nobody is making money by mining then?

I have the same doubt as @Marksambalado , what will happen when all the coins are mined?