What do you /g/uys think of bitcoin mining? Any experiences with it?

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>>55711067
No point in really doing it unless you're going to go big imo. I know that they are doing a halving sometime soon, unless it already happened.

https://www.youtube.com/watch?v=K8kua5B5K3I

>>55711067
I use to mine a bit in 2013, but I never bought any equipment for it. I just used what I had, which was just a shitty GPU. I got in way, way too late for my meager setup to do any good.

>>55711067
>Bitcoin mining in end of 2016
You might wanna get some AMD GPU's and mine Ethereum.

it's nothing more than a pyramid scheme

You're 10 years too late

If it wasn't dead before the reward halving, it certainly is now. Only people that can make money mining is million dollar enterprises that already have a solid datacenter infrastructure and can aquire mining hardware super cheap, like mining hardware manufacturers themselves.

Too late for hobbyist mining.
You need a warehouse if you want to make a profit over the electricity bill.

the chinese own it now.
pick something new

>>55713579
Who pays electricity?

>>55711067
Everybody know that Bitcoin mining is too hard. But what about altcoin mining? Anyone has experience with Ethereum, Litecoin or something else?