Alright, I'm getting a Jalapeno [QUESTIONS]

J35st3r

full member

Activity: 196

Merit: 100

Quote from: Kuroth on June 07, 2013, 07:49:52 PM

BFL Says all Back orders should be filled in 90 days... (will see if it really happens but they are shipping more and more each day)
Lets say if Diff is 100,000,000 in 90 days, which I doubt it will be that High(My Estimate is 100,000,000 by Nov 2013)
At 100,000,000 My 4 7 MH will get about $480 per month... I can live with that.. But yes it is a gamble and cutting it close..
Congrats to all those who took a chance and ordered last June.. They and doing real well right now..

Are you sure you did the math right? Using the calculator http://coinish.com/calc I get $3.09 (0.028BTC) per day at diff 100,000,000 for 5.5GHash/sec Jalapeno (ref https://bitcointalksearch.org/topic/jalapeno-raspberry-pi-36-watts-delicious-227101 which is a nice post). That's a lot less than $480 per month. Don't forget to play with expert mode to see the effect of difficulty rise on ROI.

I agree with your last point, the early orders will make a killing, just not anyone ordering today.

[Edit]Or maybe you meant to say you've ordered four BFL 7GHash/sec (the upgrades). That would be about right for $480/month (but you'' still need to account for difficulty rise in ROI calculation). How much did you pay for them?

rpg

hero member

Activity: 728

Merit: 500

nothing goes up in a straight line. bitcoins bubbled and will eventually crash hard. Remember you need new money into the system to maintain the current levels as most miners rush to cash in their coins. They are in fact taking money from the system that needs to be replaced with new money. As more large ASIC's go live the problem will only grow bigger. I can't guess where bitcons will end up trading, but it will not be pretty. This in return will shut down many mining operations, ASIC or GPU, that will lower the difficulty until a new world event will bring new scared money and the process starts all over again. So plan ahead, byte the dark days that are coming, when miners jump ship is the time to jump in. Run a mining operation at a loss, it may take awhile to cash in your bitcoins for a handsome profit, but I can assure you it will happen. I suspect within 6 month to a year you'll see ASIC's being dumped on Ebay. All IMO

Thedovahkiin909

newbie

Activity: 36

Merit: 0

Quote from: atariguy on June 07, 2013, 01:54:15 PM

If you really want to get started on $600, buy two 7950 GPUs and put them in your existing computer (it can't be any worse than the old P4 I'm using for mining). They'll break even before you ever get an ASIC that you order today.

Lol, they wouldn't even fit in my case! I was using the $600 to buy a new computer for gaming.

I'm going to put together a Bitcoin mining PC build, and put it through y'all and see what you think. Bit it seems that ASIC is the way to go.

Rampion

legendary

Activity: 1148

Merit: 1018

The fact that BFL is endlessly sucking in fresh money from poor noobs it's upsetting indeed.

I hope sooner or later Theymos gets up one day and says... "WTF, screw them!" And just removes their ads.

Thedovahkiin909

newbie

Activity: 36

Merit: 0

Alright, now I'm getting this one:
https://products.butterflylabs.com/homepage/25-gh-s-bitcoin-miner.html
No matter the difficulty of BTC.

How fast is mining getting harder? Like, if I bought that 2 months from now, how much would it make compared to now?

Kuroth

full member

Activity: 196

Merit: 100

BFL Says all Back orders should be filled in 90 days... (will see if it really happens but they are shipping more and more each day)

Lets say if Diff is 100,000,000 in 90 days, which I doubt it will be that High(My Estimate is 100,000,000 by Nov 2013)

At 100,000,000 My 4 7 MH will get about $480 per month... I can live with that.. But yes it is a gamble and cutting it close..

Congrats to all those who took a chance and ordered last June.. They and doing real well right now..

digital_gold

newbie

Activity: 9

Merit: 0

I ordered a Jalapeno and I'm not expecting it to arrive any time soon, maybe before the new year. By then the difficulty will be pretty high, and I don't imagine I'll break even on it for quite awhile, but it's a fun idea and I look forward to playing around with it.

BigPimpinSpendinCoins

newbie

Activity: 13

Merit: 0

I'm viewing my April 2013 order of 1 jalapeno as a device I can learn to mine on. It will be the first device of many in my farm. Everyone has to start somewhere.

suprabitz

full member

Activity: 148

Merit: 100

for sure, BFL says they will catch up on all backlogs within 2 months (which will probably turn into 4). So why spend $275 and get delivered about 2 weeks earlier than the in-stock buyers when you can buy a $275 GPU now and break even in about 3-4 months. At least you can resell a GPU when it stops paying, but ASIC miners can only do 1 thing.

EfficientSystems

newbie

Activity: 11

Merit: 0

I don't think BFL is going to deliver and if they do it'll be way out of spec and really late. You should consider the new USB miners on the market instead or if not then maybe take a look at the offerings my group is making soon.

atariguy

full member

Activity: 364

Merit: 100

If you really want to get started on $600, buy two 7950 GPUs and put them in your existing computer (it can't be any worse than the old P4 I'm using for mining). They'll break even before you ever get an ASIC that you order today.

Thedovahkiin909

newbie

Activity: 36

Merit: 0

Okay then. What the heck is up with this? http://www.ebay.com/itm/Bitcoin-ASIC-USB-Miner-not-BFL-or-Avalon-In-HAND-not-preorder-/271218634803?pt=LH_DefaultDomain_0&hash=item3f25e3f033 Is it a scam? It says 336MH/s!

EDIT: Nevermind. Angry

greyhawk

hero member

Activity: 952

Merit: 1009

Quote from: Thedovahkiin909 on June 07, 2013, 12:50:40 PM

And what will 5GH/s get me now?

If you had one in your hand right this second? 536.37$ per months. 2 days ago it was still 600$ per month.

I think you need to see how long the order queue is.

This is the list of people waiting for their order before you: http://bfl.ptz.ro

Note this is only the small part of orders that we know about. There's lots more we don't know about.

Thedovahkiin909

newbie

Activity: 36

Merit: 0

Quote from: ktttn on June 07, 2013, 11:28:48 AM

Bitcoin, bitcoins. No capital C. This makes me stupid gooly eye crazy.
Perhaps this is advanced trolling and I am not in on the joke.
Anyone feel like clarifying?
Wish I could answer them there questions.

Haha, I just saw it spelled like that somewhere.

Any way, aren't there any ASIC machines for under $600 that I can buy right now? And what will 5GH/s get me now?

ktttn

full member

Activity: 126

Merit: 100

Capitalism is the crisis.

Quote from: Thedovahkiin909 on June 07, 2013, 12:45:16 AM

First of all.
Hello everyone! I just joined!

So I'm completely new to BitCoins, but I've made up my mind to get money from them. I'm wondering exactly what I'll have to do. So I have a few questions...

1.) What is the best mining program? (ASIC compatible?)
2.) What is the best free guild?
3.) My computer is a steaming pile of you-know-what, that won't affect my ASIC will it?
4.) How hard is setting it up?
5.) Should I get a 'secure' BTC wallet?
6.) Did I miss anything?

Okay so if you answered any of those, thanks a lot!

Now here is a scenario... Just tell me everything I got wrong, if it's not too much trouble. And if something will be really hard. (I'm what I'd call tech-savy, but not a genius)

I make an MtGox account and link it to my bank for selling.
I make a BitCoin wallet. (secure?)
I download the GPU miner of my choice.
I get the Jalapeno.
I install the software, plug it into the wall and my computer.
Somehow link it to my BitCoin wallet and GPU miner? (hard?)

That about right?
Thanks so much everyone! Now I can finally go to sleep.

Bitcoin, bitcoins. No capital C. This makes me stupid gooly eye crazy.
Perhaps this is advanced trolling and I am not in on the joke.
Anyone feel like clarifying?
Wish I could anawer them there questions.

Alexander The Great

newbie

Activity: 28

Merit: 0

Your going to eat a jalapeno?? Goodluck.

DickyWong

newbie

Activity: 15

Merit: 0

Diy Klondike miner better than waiting for the Jalapeno.

rolloffacliffpleaseanddie

newbie

Activity: 14

Merit: 0

Quote from: Thedovahkiin909 on June 07, 2013, 12:45:16 AM

First of all.
Hello everyone! I just joined!

So I'm completely new to BitCoins, but I've made up my mind to get money from them. I'm wondering exactly what I'll have to do. So I have a few questions...

1.) What is the best mining program? (ASIC compatible?)
2.) What is the best free guild?
3.) My computer is a steaming pile of you-know-what, that won't affect my ASIC will it?
4.) How hard is setting it up?
5.) Should I get a 'secure' BTC wallet?
6.) Did I miss anything?

Okay so if you answered any of those, thanks a lot!

Now here is a scenario... Just tell me everything I got wrong, if it's not too much trouble. And if something will be really hard. (I'm what I'd call tech-savy, but not a genius)

I make an MtGox account and link it to my bank for selling.
I make a BitCoin wallet. (secure?)
I download the GPU miner of my choice.
I get the Jalapeno.
I install the software, plug it into the wall and my computer.
Somehow link it to my BitCoin wallet and GPU miner? (hard?)

That about right?
Thanks so much everyone! Now I can finally go to sleep.

lmao, congrats

bumpk1nK

sr. member

Activity: 265

Merit: 250

Quote from: J35st3r on June 07, 2013, 08:46:58 AM

Quote from: Thedovahkiin909 on June 07, 2013, 08:29:51 AM

Also, I have devised a get-rich-quick scheme (nobody ever got rich quick without one!). I am going to buy a new ASIC machine EVERY single time I get enough money. When BitCoins get too hard for the average Joe, I want to have a section of my house filled with ASIC machines.

Unfortunately its this attitude (yes, I know you're only j35t1ng) that has caused the spike in ASIC pre-orders, subsequent price hike and is contributing to the huge rise in difficulty. In a Gold Rush only those that sell the shovels get rich. Take care and do the math on your ROI.

The huge rise in difficulty is very good for Bitcoin. Thanks for the gamblers who preorders months (sometimes a year) in advance the ASIC devices. If everyone took my conservative approach, wait and see when the ASIC devices are in stock the difficulty would be a lot lower = less secure Bitcoin

J35st3r

full member

Activity: 196

Merit: 100

Quote from: Thedovahkiin909 on June 07, 2013, 08:29:51 AM

Also, I have devised a get-rich-quick scheme (nobody ever got rich quick without one!). I am going to buy a new ASIC machine EVERY single time I get enough money. When BitCoins get too hard for the average Joe, I want to have a section of my house filled with ASIC machines.

Unfortunately its this attitude (yes, I know you're only j35t1ng) that has caused the spike in ASIC pre-orders, subsequent price hike and is contributing to the huge rise in difficulty. In a Gold Rush only those that sell the shovels get rich. Take care and do the math on your ROI.

Topic: Alright, I'm getting a Jalapeno [QUESTIONS] (Read 1253 times)