1TH/s gets you around 1BTC/month and takes up an entire 15A breaker.
At currently rising difficulty rates how many spare 15A breakers does a home have?
Topic: 1 T/Hash miners? (Read 2703 times)
Mining for btc not worth the cost.
Is it worth buying right now, thinking in the long run. How long time will someone be able to mine with 1 T/hash before the difficulty becomes to hard? Seems like the last 3 months there is a big difference.
At the moment, it's normal to see a 1T rig
You may consider to invest in BTL (aka BitLeu) coin too:
https://bitcointalksearch.org/topic/m.6199965
https://bitcointalksearch.org/topic/m.6199965
At $500 and sub $500 levels doesn't make sense to invest all that BTC into a miner.
Just buy and hold and enjoy the ride.
Just buy and hold and enjoy the ride.
IT should be worth if you can buy cheap BTC and buy that 1th miner, BTC will be worth a lot more thanit is now.
Is it worth buying right now, thinking in the long run. How long time will someone be able to mine with 1 T/hash before the difficulty becomes to hard? Seems like the last 3 months there is a big difference.
Yes buy order those 3-10 TH ASIC which might come out after the 1-3 TH ASIC...
It's all a numbers game, current 1 th/s miners will return close to 6BTC. At $1000, that would mean the miner would cost 3BTC ($3,000) and return 6BTC for a 3BTC profit. But at $400, the miner costs 7.5BTC and would return 6BTC for a 1.5BTC loss. You're better off buying and holding.
The only caveat to that would be something like the S1 antminers, purchasable with btc that for awhile kept dropping in price to keep them an attractive option.
It removes (some) of the uncertainty around pricing if a miner can return more btc than it costs to buy (with some guesswork dif increase %) in a respectable amount of time before energy costs eat the value.
My uneducated guess of 20% increase, at the price I grabbed the miners, including PSU (x6) will, maybe, ROI in 87 days, year end btc profit of 39%
But!
Power supply=free
network connection=free
misc supplies=free
Only down side is the 100A service in the apartment. Been chatting up neighbors hoping they would let me mine for a share of profits.
Thank you for the answer. 
Thank Gmaxwell.
Any other questions?
Posted from Bitcointa.lk - #HeUo5R8Z1rYfD1nA
It's all a numbers game, current 1 th/s miners will return close to 6BTC. At $1000, that would mean the miner would cost 3BTC ($3,000) and return 6BTC for a 3BTC profit. But at $400, the miner costs 7.5BTC and would return 6BTC for a 1.5BTC loss. You're better off buying and holding.
https://bitcointalksearch.org/topic/caveat-emptor-504530 <--- read here.
Quote
Just don't rush in thinking you are going to make a ton of riskless
money. At current retail prices I doubt most hardware available will
break even unless the growth rate slows substantially, which seems
unlikely in the near term. I think the exuberance of miners has
fueled the irresponsibility in hardware companies and driven more
competent and cautious parties out of the market.
It's all our our responsibility to behave sensibly if we want bitcoin
to flourish. - Gmaxwell
money. At current retail prices I doubt most hardware available will
break even unless the growth rate slows substantially, which seems
unlikely in the near term. I think the exuberance of miners has
fueled the irresponsibility in hardware companies and driven more
competent and cautious parties out of the market.
It's all our our responsibility to behave sensibly if we want bitcoin
to flourish. - Gmaxwell
Seconded. Well said.
Thank you for the answer.
https://bitcointalksearch.org/topic/caveat-emptor-504530 <--- read here.
Quote
Just don't rush in thinking you are going to make a ton of riskless
money. At current retail prices I doubt most hardware available will
break even unless the growth rate slows substantially, which seems
unlikely in the near term. I think the exuberance of miners has
fueled the irresponsibility in hardware companies and driven more
competent and cautious parties out of the market.
It's all our our responsibility to behave sensibly if we want bitcoin
to flourish. - Gmaxwell
money. At current retail prices I doubt most hardware available will
break even unless the growth rate slows substantially, which seems
unlikely in the near term. I think the exuberance of miners has
fueled the irresponsibility in hardware companies and driven more
competent and cautious parties out of the market.
It's all our our responsibility to behave sensibly if we want bitcoin
to flourish. - Gmaxwell
Is it worth buying right now, thinking in the long run. How long time will someone be able to mine with 1 T/hash before the difficulty becomes to hard? Seems like the last 3 months there is a big difference.
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