True. Gridseeds have been the worst purchase I ever made in crypto.
Block erupters weren't exactly awesome either... what was your experience with the gridseeds? I almost bought some when they 1st arrived on the market.
The big hype initially was you could mine both scrypt and sha256 with them, at the same time, so you'd be able to mine both ltc and btc. Well, technically true but very hard on the devices. They'd burn out after a few days and be heatsinks or novelty paper weights for a desk.
Switching to just mining scrypt with them so they'd last a while means they run on very little power but also produce very little return. I've had 17 running for quite a while and they produce on average just over $1 about every 4 days on westhash. This of course means the thousands of dollars I spent for those 17 will never be recovered.
). That said, mining on NiceHash is very profitable even when it shows a few percents below regular Bitcoin mining price rate, because of our PPS payment system.
