I would like to get the opinion of both the QBK team and the community as a whole on something. Earlier this evening I was
giving some thought to ways in which we might start bringing income in sooner rather than later. Around the same time, I
was also checking my Bitcoin wallet and noticed that I'd received my daily earnings from NiceHash.com, where I rent my own
meager Scrypt hashing power when I'm not using my gridseeds.
Then it occurred to me...
I have proposed to the team that we purchase a couple of ASIC miners - at least 1 TH/s apiece - that could be used to
generate an income in any one (or combination) of three ways:
1. We use them to mine BTC directly.
2. We use them to mine any likely looking SHA-256 coins that come out.
3. We rent out the hashing power through NiceHash.com or similar outfit.
So whether we're mining or we're renting out the hashing power, we're still generating income.
What are your thoughts?
I've been looking at the following miner:
http://www.bitcrane.com/goods.php?id=1I welcome any advice / suggestions.
Thanks!
Cynthia
I don't think 1terahash rigs are profitable anymore after you account for the high power usage and the fact that you need to get like 30 of them to get some sort of ROI (this is not taking into account electricity, fees and whatnot). Even these cheap 6terahash rigs coming out are giving out poor ROI's (something like 5 months without accounting for difficulty increase).
If you're going the route of using mining as a source of ROI, then go for the new scrypt ASIC's. See if you can find someone with a GAW vaultbreaker preorder willing to resell to you. There's also cloud scrypt mining that you can purchase in the form of shares or yearly contracts. I've done the math for these before and you can get 4-6 month ROI's after accounting for difficulty increases of LTC and decreases in profitability over time.
Try using this:
https://bitcoinwisdom.com/litecoin/calculatorSet difficulty increase to 2% (should be more like 5% but I reduce it a bit because we want to mine the most profitable scrypt coin rather than LTC). Pool fee is 2%, and the power usage, hashrate, and price you should be able to fill in yourself depending on the rig you're looking at. Remember that you have to pay electricity costs PER UNIT, so it's much more cost efficient to buy a few big rigs, rather than a bunch of small ones, even if the price and hashrates come out the same.
Hope this helps you guys out a bit.
