i published my first article about Bitcoin mining – Howto find best paying pool? on bitcointalk.org and got positive, but also negative feedback, that my article is just based on luck and it does nothing say about the earnings of each pool.
Of course luck has a greater impact if i use data of 2 weeks than i would use data of – lets say – 2 month. I also stated often that it is not a mathematically safe or laboratory science safe review. you can find the ongoing discussion at bitcointalk.org here:
So i started a second experiment, a live realtime mining pool comparison where i eliminate as much luck as possible by using the following setup:
Unfortunately, i started mining with my own hardware only 4 weeks ago, so i missed the “great times” where mining was easy and you could not lose money. Today its a bit more complicated – you have ASICs (Application Specific Integrated Circuits) mining hardware, which is designed for mining SHA-256 coins (=Bitcoin) in the 3rd generation like the antminer s4, next year the 4th generation will be released with more power and less energy consumption. But so i can give you very actual numbers for december 2014 that i have proved and you can profit from this brand new numbers.
First ask yourself from basic maths what can i earn as maximum by mining bitcoins?
First i want to say this is a private site where i want to share my experiences of earning bitcoins – i am not an “official” Bitcoin representative. On the other side Bitcoin is build and designed to be not owned by any central party, but being a decentralized and safe money system supported by individual people like me.
Starting 2 years ago i discovered more and more about the Bitcoin world – it’s a small, developing world like 20 years ago the internet.
If you want to earn bitcoins and want to know something about Bitcoin affiliate sites, you learn the hard way that there is much scam and false projects outside where you can lose your bitcoins.