Topic: Advice On Buying ASIC mIners (Read 1080 times)
don buy from bfl
+1 to waiting for the next gen from somewhere
At the moment it is better to buy bitcoin, rather than ASICs and mine.
Wait for next gen.
Wait for next gen.
This advice to simply avoid mining is stupid. I suspect it is given by miners that want to reduce their competition.
The truth is that as long as the amount you mine is more than the cost of the mining equipment and the power, then there is no reason not to mine.
There are two challenges. The first is to come up with a reasonable prediction of how much a miner will mine. This is not easy to do. A simple mining calculator is not sufficient. The second challenge is to actually find a miner that you can buy for less than it will mine.
Thanx for the advice guys. I'll take my chances waiting for the next gen 
Really appreciated
Really appreciated
I get my miner this October from KNC and untill now, perfect... 550Ghs Average
The only way today to have (probably) a ROI is on this model of business : https://cex.io/r/1/cesmak/0/ (this is my referral link, if you sign up with my referral and buy some GH/s i will be rewarded with a free GH/s) if you wanna help me.... or if you don't want, simply use the link https://cex.io
Advice on buying ASIC miners: don't. Wait for the next gen, with cheaper hardware, higher hashrate, and more chance of ROI.
I support this advice too! 
Don't waste your money on mining. Try some of the mining calculators and look at how much difficulty has been increasing. It's been increasing 30-40% every 2 weeks!
http://mining.thegenesisblock.com/
Right now I am not even sure buying and holding coins is a good idea. It's a bit of a bubble right now.
http://mining.thegenesisblock.com/
Right now I am not even sure buying and holding coins is a good idea. It's a bit of a bubble right now.
Some of the miner are worth while now as the Bitcoin price increases. Some was selling at 0.05 Bitcoin per GH/s and now it reduces this to 0.025...
Just run the numbers in that calculator and you'll see it is not worthwhile. A 30% difficulty increase every 2 weeks is a 70% increase every month! The last difficult increase was 41%!
The only scenario where mining would be worthwhile for us small fish is if you lived in a country where you couldn't buy bitcoins and the only way to get any would be by mining them. Also you could buy mining equipment in fiat. But that isn't the case at all. You need bitcoins to buy mining equipment so better to just hold onto the coins instead.
Hi Guys,
I'm looking to buy an ASIC Miner, probably a Block Erupter blade, But I have no Idea where to get relieable genuine sellers, I'm from Kenya, so I will require sellers who ship internationally.
Also advice on any other miners that I can get that are in the same price range as the Block Eruptor Blades will be greatly appreciated.
Thank you All
I'm looking to buy an ASIC Miner, probably a Block Erupter blade, But I have no Idea where to get relieable genuine sellers, I'm from Kenya, so I will require sellers who ship internationally.
Also advice on any other miners that I can get that are in the same price range as the Block Eruptor Blades will be greatly appreciated.
Thank you All
You should buy those really efficienct ASIC miner which cost only 2-3$ per GH/s. You would never ROI on Block Erupter Blade...
They won't be worth it for long... The difficulty is increasing too quickly.
Also, the value of bitcoins isn't very stable; if it is worth near $200 one day, there are no guarantees that it will be worth the same later.
Also, the value of bitcoins isn't very stable; if it is worth near $200 one day, there are no guarantees that it will be worth the same later.
Lets just assume the Bitcoin price is increasing every day... cause its deflation
They won't be worth it for long... The difficulty is increasing too quickly.
Also, the value of bitcoins isn't very stable; if it is worth near $200 one day, there are no guarantees that it will be worth the same later.
Also, the value of bitcoins isn't very stable; if it is worth near $200 one day, there are no guarantees that it will be worth the same later.
Don't waste your money on mining. Try some of the mining calculators and look at how much difficulty has been increasing. It's been increasing 30-40% every 2 weeks!
http://mining.thegenesisblock.com/
Right now I am not even sure buying and holding coins is a good idea. It's a bit of a bubble right now.
http://mining.thegenesisblock.com/
Right now I am not even sure buying and holding coins is a good idea. It's a bit of a bubble right now.
Some of the miner are worth while now as the Bitcoin price increases. Some was selling at 0.05 Bitcoin per GH/s and now it reduces this to 0.025...
Don't waste your money on mining. Try some of the mining calculators and look at how much difficulty has been increasing. It's been increasing 30-40% every 2 weeks!
http://mining.thegenesisblock.com/
Right now I am not even sure buying and holding coins is a good idea. It's a bit of a bubble right now.
http://mining.thegenesisblock.com/
Right now I am not even sure buying and holding coins is a good idea. It's a bit of a bubble right now.
Advice on buying ASIC miners: don't. Wait for the next gen, with cheaper hardware, higher hashrate, and more chance of ROI.
Well, the technology is always cheaper, higher hashrate and it continues forever...
Advice on buying ASIC miners: don't. Wait for the next gen, with cheaper hardware, higher hashrate, and more chance of ROI.
Looking at some of the manufacturers like CoinCraft or BFL i dont see prices lower than 7-8$ per GH/s. And those products wont be available until December or January, assuming there are no delays.And they would be barely profitable if you could order them today.
As for delays, as someone who preordered a rig last November from BFL, promised to ship in January, arrived yesterday, my trust in those deadlines is diminished, even if those manufacturers "have learned from the mistakes in the first generation and are now guaranteed to be on time".
I have seen the price go as cheap as 2$ per GH/s somewhere in the forum. Can't find it now, sorry
Those new knc seems good
Advice on buying ASIC miners: don't. Wait for the next gen, with cheaper hardware, higher hashrate, and more chance of ROI.
Looking at some of the manufacturers like CoinCraft or BFL i dont see prices lower than 7-8$ per GH/s. And those products wont be available until December or January, assuming there are no delays.And they would be barely profitable if you could order them today.
As for delays, as someone who preordered a rig last November from BFL, promised to ship in January, arrived yesterday, my trust in those deadlines is diminished, even if those manufacturers "have learned from the mistakes in the first generation and are now guaranteed to be on time".
Advice on buying ASIC miners: don't. Wait for the next gen, with cheaper hardware, higher hashrate, and more chance of ROI.
I think at the current situation the only good advice is dont buy a miner.
Unless you find a value of well below 10$ per GH/s and near instaneous shipping (that means NOT pre-ordering). Otherwise you are better off just buying bitcoins.
Unless you find a value of well below 10$ per GH/s and near instaneous shipping (that means NOT pre-ordering). Otherwise you are better off just buying bitcoins.
+1
Unfortunately, I don't have a U.S Bank Account, nor a linkable bank account, we don't have banks that provide such services here, the best I can do is WebMoney, who are also giving me a hard time with registration and all
I think at the current situation the only good advice is dont buy a miner.
Unless you find a value of well below 10$ per GH/s and near instaneous shipping (that means NOT pre-ordering). Otherwise you are better off just buying bitcoins.
Unless you find a value of well below 10$ per GH/s and near instaneous shipping (that means NOT pre-ordering). Otherwise you are better off just buying bitcoins.
+1
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