2000$ to invest, right now? - page 3.

lekoles

newbie

Activity: 3

Merit: 0

Quote from: ooTiGeRoo on December 20, 2013, 02:00:25 PM

Use this calculator to see if it's worth it.

http://mining.thegenesisblock.com

Also take into account how long it'll take to get to you and setting it up to mine.

I dumped $7k into building my rigs. I would've made more if I just bought $7k worth of coins. Plus my electricity bills are $3k per quarter. So yeah, I'd buy coins instead.

Hope that helps. =)

Nice site u have given me thanks alot! I will do some more research before buying it.

Ardenyham

legendary

Activity: 980

Merit: 1000

Don't Hesitate to Tip me for My Helps and Guides.

Quote from: rglinvest on December 20, 2013, 03:08:43 PM

Think... now who have 300GH is making money, in 3 months most of those miners will have 3TH, so what about those people with 1-2GH? They will be like 337MH right now.
Somebody agree with those thoughts?

Yes, mining is crazy business, you need faster and faster miners to keep mining the same amount of Bitcoins as time goes on.

rglinvest

newbie

Activity: 6

Merit: 0

Thanks everyone for reply every post is eye opening, for me electricity is included in rent so not the problem, but for simple calculation 60GH will mine from 650$ to 500$ monthly and I can have this from second hand like even today, but as most of You say, its not a good idea.
What I think is, now price of BTC is high, when those ASIC companies will start to sell they equipment, they will also starts to sell BTC and the price can drop, only after some time when they gonna sold some BTC and when Difficulty Factor will be high as hell, price of BTC can jump to sky, because of lack of miners. Think... now who have 300GH is making money, in 3 months most of those miners will have 3TH, so what about those people with 1-2GH? They will be like 337MH right now.
Somebody agree with those thoughts?

BigShot

newbie

Activity: 14

Merit: 0

If I were you, I wouldn't mind bitcoin. I'd mine either dogecoin or worldcoin. Both of those are new and seem decently promising for price increase in the future.

honky1492

member

Activity: 118

Merit: 10

Quote from: lekoles on December 20, 2013, 12:04:29 PM

Hello guys I am a newbie with this mining hardware.

I understand well and i have done some research about the actual mining. So the difficulity rate goes up.
Now I am looking to buy the new terraminer IV with its 2000 GH/s. I am thinking of buying 2 at once
that will be somewhere around 10k. Will it take long to get ur ROI? Can someone help me out because I
searched alot and made some calculations and with the current bitcoinrate I should be able to get my investment
back in somewhere around a month or maybe 2. Somebody have some decent advise for me?

I thank everybody sincerly for helping me out!

1st It is preorder
2nd Mining difficulty increases over time

Do you factor both these things in your calculation ?

ooTiGeRoo

newbie

Activity: 5

Merit: 0

Use this calculator to see if it's worth it.

http://mining.thegenesisblock.com

Also take into account how long it'll take to get to you and setting it up to mine.

I dumped $7k into building my rigs. I would've made more if I just bought $7k worth of coins. Plus my electricity bills are $3k per quarter. So yeah, I'd buy coins instead.

Hope that helps. =)

lekoles

newbie

Activity: 3

Merit: 0

Hello guys I am a newbie with this mining hardware.

I understand well and i have done some research about the actual mining. So the difficulity rate goes up.
Now I am looking to buy the new terraminer IV with its 2000 GH/s. I am thinking of buying 2 at once
that will be somewhere around 10k. Will it take long to get ur ROI? Can someone help me out because I
searched alot and made some calculations and with the current bitcoinrate I should be able to get my investment
back in somewhere around a month or maybe 2. Somebody have some decent advise for me?

I thank everybody sincerly for helping me out!

maurya78

hero member

Activity: 490

Merit: 500

Buy the bitcoins, forget about mining

infinitybo

newbie

Activity: 28

Merit: 0

It's prolly better to wait intill a brand new stuff be available then buy it, Rglinvest.

server

legendary

Activity: 892

Merit: 1002

1 BTC =1 BTC

Quote from: wachtwoord on December 20, 2013, 11:22:35 AM

Just buy Bitcoins directly.

+1

iPaulito

full member

Activity: 150

Merit: 100

1EDwkxCjCMGGNQqZdxa8FwheMHXSoQe4TU

Quote from: rglinvest on December 20, 2013, 07:24:03 AM

Hi! I have opportunity to buy Bitcoin miner Butterfly Labs SC 60GH for about 2000$, do you guys think this is good investment right now?
It's better to mine before march 2014 or wait til new stuff will be available to buy? OR just buy BTC? I am little fresh for this topic but digging knowledge right now?
What is your opinion?

Do not go with buterffly labs, use search function to find out more. If you want to mine, go for scrypt altcoins and mine the most profitable ones selling them right away for BTC http://www.coinwarz.com/cryptocurrency. Or the best solution is to buy either BTC, or LTC - this should be the safest bet or slightly more safe putting it into NMC, XPM, PPC or curecoin

wachtwoord

legendary

Activity: 2324

Merit: 1125

Just buy Bitcoins directly.

icem3lter

sr. member

Activity: 281

Merit: 250

Quote from: rglinvest on December 20, 2013, 07:24:03 AM

Hi! I have opportunity to buy Bitcoin miner Butterfly Labs SC 60GH for about 2000$, do you guys think this is good investment right now?

It is very high price. Butterfly Labs offered this SC 60GH for preorder for about this price one year ago when difficulty was 500x lower. You had to receive this months ago to profit a bit

Kasandra

member

Activity: 68

Merit: 10

I would invest in NXT instead of buying asics.

Leahcim

newbie

Activity: 36

Merit: 0

Hi,

check out -> http://minr.info
You will notice, that butterfly labs has the worst money/GH ration in the list.

Bye
Michael

Jmattes

full member

Activity: 168

Merit: 100

I agree with the guys above that you have a better chance to make money in an investment then in a Bitcoin Miner..

Even mining LTC is starting to be a bad investment unless you want a gaming rig in a month or so..

Good Luck!

GB2000

newbie

Activity: 3

Merit: 0

I would get it ready in a payment method from which an exchanger could change you the money instantly and wait for another crash.

nette

newbie

Activity: 14

Merit: 0

Maybe you shuold inves that cash into dogecoin. Check the last stats. It has best growth in the last days. Since today it's on the vicurex

dg2010

sr. member

Activity: 462

Merit: 250

Buying mining hardware is a fools game, sorry. The only guys who made real money on asics got in on day 1 and mined before the rest of the mugs were able to turn their units on. The rest that made money, only made it because they mined and stashed their coins whilst waiting for the uptick in price. In which case you are better off investing $2k directly into Bitcoin.

Some people who don't pay for their power might say otherwise, and yes if you have zero power charge mining may be profitable in the long term if it can sit there for 12+ months and not cost a penny to run but that is not the norm. Most people have to pay for their power.

ss7

newbie

Activity: 2

Merit: 0

Any current mining gear really isn't a good investment.

A 60GH miner might, possibly, be able to generate you somewhere in the region of 0.05BTCs per day, but that is only at the current mining difficulty level. However the difficulty level is rising at a rapid rate - it's generally over 20% more difficult to mine every two weeks, and of course this rise is exponential.

The raw maths says that even without an increase in difficulty it would take over two months for you to earn your money back at the current exchange rate. Factor in the difficulty rising and that gets pushed out much longer. Plus when the next generation of ASIC miners come along the difficulty rate will likely take a big step up.

Unless you're getting a guaranteed instant delivery of this 60GH miner you will struggle to break even, let alone earn a profit.

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