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Old 03-28-2013, 12:57 PM  
MikeRoth
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Join Date: Jan 2011
Location: Washington DC
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Quote:
Originally Posted by DWB View Post
I've seen some crazy set ups on Youtube but never seen any real numbers from anyone. On average, how many btc does the average miner mine per 24 hours?
When I first started mining a year ago I was making about 1 bitcoin a day, I believe they were worth about $20 then before it crashed to less than $1. Today with the same GPU I mine 0.01 bitcoins per day.

As far as the average miner it's hard to say. It all depends on how many miners they have and their hardware. Since the difficulty to mine them goes up along with the total hashrate a lot of people were re-investing into additional mining rigs to try and keep a steady flow of bitcoins. Otherwise you'll be mining less and less bitcoins.

CPU mining became obsolete once GPU mining started roaring. Now that ASIC miners are starting to hit after a while GPU mining will become obsolete.

As always the first people to start using new mining technology always make the most money. (One of the first ASIC miners reported making $1,300 in 9 days) Once the market becomes flooded with the new technology profitability drops like a rock.
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