Any ASIC worth for Investment? | Bitcointalksearch.org

eZc

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Quote from: mogrith on October 23, 2013, 02:52:40 PM

Your mining is just part of the pool 0% pool fee nothing to do with GH/s buy sell stuff.

Pointing 60GH/s at ghash.io pool will not put any GH/s in your account at cex.io. Pool payouts WILL go into your account as BTC.

the Sell GH/s is really Re-sell. can only sell what you bought on cex.io.

So this means only uber retards are gonna do this at this price. A sure loss!!!

mogrith

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Activity: 1470

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Use Coinbase Account almosanywhere with Shift card

Your mining is just part of the pool 0% pool fee nothing to do with GH/s buy sell stuff.

Pointing 60GH/s at ghash.io pool will not put any GH/s in your account at cex.io. Pool payouts WILL go into your account as BTC.

the Sell GH/s is really Re-sell. can only sell what you bought on cex.io.

eZc

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Activity: 74

Merit: 10

Quote from: klondike_bar on October 21, 2013, 12:46:54 PM

Quote from: Zaghomat on October 21, 2013, 07:51:39 AM

Quote from: eZc on October 20, 2013, 09:57:51 AM

Quote from: miffman on October 20, 2013, 05:02:26 AM

None of them. Buy and hold bitcoins

Yes it seems to be the best option atm. The only way to make profit atm with mining is to get a good BTC/GH miner instant on ebay or so ant then instantaneously sell all hash power on cex.io. However it could be risky since affaik you are obligated to offer this hashrate forever. However its likely that you can buyback the hashpower almost free in a few months. So you have the profit of the beginning margin - the elec costs - buyback costs = which is most likely profitable...

Else I didn't find anything which seems to be profitable. Please inform me when you find a way, since I really wanna make profit with mining :-)

I don't think you can sell your own hashpower on cex.io yet..

of course you can. theres a sell option right beside the buy option lol

Can you explain how it works with selling on cex.io?
Cuz I don't get it. So theoretically I could make acc sell all my hashpower, withdraw all funds - stop hashing. create new account sell again etc..... Making huge profits.
How does cex.io prohibit this behavior?? (To be exact: What do you have to do in order to sell and what are the penaltyes if you fail to deliver the sold hash rate?)

klondike_bar

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ASIC Wannabe

Quote from: Zaghomat on October 21, 2013, 07:51:39 AM

Quote from: eZc on October 20, 2013, 09:57:51 AM

Quote from: miffman on October 20, 2013, 05:02:26 AM

None of them. Buy and hold bitcoins

Yes it seems to be the best option atm. The only way to make profit atm with mining is to get a good BTC/GH miner instant on ebay or so ant then instantaneously sell all hash power on cex.io. However it could be risky since affaik you are obligated to offer this hashrate forever. However its likely that you can buyback the hashpower almost free in a few months. So you have the profit of the beginning margin - the elec costs - buyback costs = which is most likely profitable...

Else I didn't find anything which seems to be profitable. Please inform me when you find a way, since I really wanna make profit with mining :-)

I don't think you can sell your own hashpower on cex.io yet..

of course you can. theres a sell option right beside the buy option lol

eZc

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Activity: 74

Merit: 10

Quote from: Zaghomat on October 21, 2013, 07:51:39 AM

Quote from: eZc on October 20, 2013, 09:57:51 AM

Quote from: miffman on October 20, 2013, 05:02:26 AM

None of them. Buy and hold bitcoins

Yes it seems to be the best option atm. The only way to make profit atm with mining is to get a good BTC/GH miner instant on ebay or so ant then instantaneously sell all hash power on cex.io. However it could be risky since affaik you are obligated to offer this hashrate forever. However its likely that you can buyback the hashpower almost free in a few months. So you have the profit of the beginning margin - the elec costs - buyback costs = which is most likely profitable...

Else I didn't find anything which seems to be profitable. Please inform me when you find a way, since I really wanna make profit with mining :-)

I don't think you can sell your own hashpower on cex.io yet..

I'm also very confused with cex.io especially concerning the duration as well as the penalties of a failure to supply the promised hash rate. However I thought it would be possible that you can sell. When not then I really don't see any way to make profit with mining.

Zaghomat

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Activity: 66

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Quote from: eZc on October 20, 2013, 09:57:51 AM

Quote from: miffman on October 20, 2013, 05:02:26 AM

None of them. Buy and hold bitcoins

Yes it seems to be the best option atm. The only way to make profit atm with mining is to get a good BTC/GH miner instant on ebay or so ant then instantaneously sell all hash power on cex.io. However it could be risky since affaik you are obligated to offer this hashrate forever. However its likely that you can buyback the hashpower almost free in a few months. So you have the profit of the beginning margin - the elec costs - buyback costs = which is most likely profitable...

Else I didn't find anything which seems to be profitable. Please inform me when you find a way, since I really wanna make profit with mining :-)

I don't think you can sell your own hashpower on cex.io yet..

petersiddle98

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Activity: 272

Merit: 250

Quote from: miffman on October 20, 2013, 05:02:26 AM

None of them. Buy and hold bitcoins

Missed the boat, looks like its too expensive to buy right now..

eZc

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Activity: 74

Merit: 10

Quote from: rograz on October 20, 2013, 09:48:23 AM

Quote from: franky1 on October 18, 2013, 10:44:56 PM

avalon 60Ghash for 6BTC = $900 = £570

Questionable, had you gotten them from the Tradehill auction on the other hand they would be profitable. Captain hindsight has been taunting me the last few days about that, 2.21 btc/unit with free shipping like wtf Sad

OK 2.21 BTC inc shipping and instant (delivered within 5 days) I pay for 60GH.... This would be profitable

eZc

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Activity: 74

Merit: 10

Quote from: miffman on October 20, 2013, 05:02:26 AM

None of them. Buy and hold bitcoins

Yes it seems to be the best option atm. The only way to make profit atm with mining is to get a good BTC/GH miner instant on ebay or so ant then instantaneously sell all hash power on cex.io. However it could be risky since affaik you are obligated to offer this hashrate forever. However its likely that you can buyback the hashpower almost free in a few months. So you have the profit of the beginning margin - the elec costs - buyback costs = which is most likely profitable...

Else I didn't find anything which seems to be profitable. Please inform me when you find a way, since I really wanna make profit with mining :-)

rograz

hero member

Activity: 575

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Quote from: franky1 on October 18, 2013, 10:44:56 PM

avalon 60Ghash for 6BTC = $900 = £570

Questionable, had you gotten them from the Tradehill auction on the other hand they would be profitable. Captain hindsight has been taunting me the last few days about that, 2.21 btc/unit with free shipping like wtf Sad

miffman

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PGP ID: 78B7B84D

None of them. Buy and hold bitcoins

zvs

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https://web.archive.org/web/*/nogleg.com

no,

why price it at a range that may be profitable (for the consumer) when you can just mine with it yourself

but you can price gouge

Noruka

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Activity: 910

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Quote from: franky1 on October 19, 2013, 08:45:14 AM

Quote from: eZc on October 19, 2013, 05:51:55 AM

Quote from: franky1 on October 18, 2013, 10:44:56 PM

avalon 60Ghash for 6BTC = $900 = £570

i ordered it wednesday night and got my tracking number today (friday night/saturday morning) so i expect it to arrive on wednesday. from estimates

hardware breakeven = 36 days Cheesy

cha ching

Good luck with that! You get 0.0878 BTC a day. In begining. Diff inc 40% each time... so do the math. So even when diff would not increase you would use 68 days for HW break even. When you consider diff and elec you probably never get your 6 BTC back.... -> fail investment

such a noob response.. if only you knew lol,

ill be getting more then that, but goodluck with your calculations

funny because i am hashing at that rate right now and i can tell you that you wont be earning it back in just 36 days.
/facepalm

Xian01

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Christian Antkow

Quote from: polarhei on October 19, 2013, 09:40:11 AM

My personal recommendation is, Do not direct contact with ASIC unless you intended to obtain at least 20Th/s. Use cex.io or cloudhashing first.

I was just thinking about this with respect to cex.io; mine there, and reinvest the mined BTC into more GHs for a while and see how that works out for a few weeks...

I'm hesitant to leave BTCGuild though. Great pool IMO.

Also, mining difficulty 512 shares with Erupter USB's @ ghash.io gives me indigestion.

halcy0n3

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Activity: 31

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Quote from: franky1 on October 19, 2013, 08:45:14 AM

Quote from: eZc on October 19, 2013, 05:51:55 AM

Quote from: franky1 on October 18, 2013, 10:44:56 PM

avalon 60Ghash for 6BTC = $900 = £570

i ordered it wednesday night and got my tracking number today (friday night/saturday morning) so i expect it to arrive on wednesday. from estimates

hardware breakeven = 36 days Cheesy

cha ching

Good luck with that! You get 0.0878 BTC a day. In begining. Diff inc 40% each time... so do the math. So even when diff would not increase you would use 68 days for HW break even. When you consider diff and elec you probably never get your 6 BTC back.... -> fail investment

such a noob response.. if only you knew lol,

ill be getting more then that, but goodluck with your calculations

n00b response? hardly, eZc is not wrong.

where are your calculations that show a 36 day roi? i'd love to see them. please dont use http://www.bitcoinx.com/profit/ its maths wrong. just to begin with profitabilty decline of .61 per year? 61% per year?!? its droping by 30% per 10 days... http://bitcoinwisdom.com/bitcoin/difficulty

try this http://www.bitreturn.com/ put in your avalon that draws 650W for 65gh/s and change the network growth rate to 82% per month which is what it has been over the last 8 changes in difficulty. Then tell us all how delicious humble pie tastes.. yummy... pie...

Xyver

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Quote from: eZc on October 19, 2013, 05:51:55 AM

Quote from: franky1 on October 18, 2013, 10:44:56 PM

avalon 60Ghash for 6BTC = $900 = £570

i ordered it wednesday night and got my tracking number today (friday night/saturday morning) so i expect it to arrive on wednesday. from estimates

hardware breakeven = 36 days Cheesy

cha ching

Good luck with that! You get 0.0878 BTC a day. In begining. Diff inc 40% each time... so do the math. So even when diff would not increase you would use 68 days for HW break even. When you consider diff and elec you probably never get your 6 BTC back.... -> fail investment

Nah, he's golden. 0.1 BTC/gigahash was an excellent buy. He may be one of the few late buyers that makes ROI Tongue

polarhei

sr. member

Activity: 462

Merit: 250

Firing it up

My personal recommendation is, Do not direct contact with ASIC unless you intended to obtain at least 20Th/s. Use cex.io or cloudhashing first.

To start,

You will need to wait not more than 72 hours if you new to use the virwox way (Linden to bitcoin, which is my case due to AML issues), Which is still a reasonable way as this is known as golden hours.

Secondly, Use coinbox.me while you wait. You will see the effects immediately once you receive the bitcoin bought from virwox and the coinbox.me I personally use this to remove transfer errors as No one wants to wait more than 10 seconds if in small sum (Bigger sum like 1 grand, may be worth to wait)

Why pryamining is discouragement? You deposit, You need to wait more than 24 hours before adding up. I personally not to use this on early stage in order to chop.

eZc

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Activity: 74

Merit: 10

Quote from: franky1 on October 19, 2013, 08:45:14 AM

Quote from: eZc on October 19, 2013, 05:51:55 AM

Quote from: franky1 on October 18, 2013, 10:44:56 PM

avalon 60Ghash for 6BTC = $900 = £570

i ordered it wednesday night and got my tracking number today (friday night/saturday morning) so i expect it to arrive on wednesday. from estimates

hardware breakeven = 36 days Cheesy

cha ching

Good luck with that! You get 0.0878 BTC a day. In begining. Diff inc 40% each time... so do the math. So even when diff would not increase you would use 68 days for HW break even. When you consider diff and elec you probably never get your 6 BTC back.... -> fail investment

such a noob response.. if only you knew lol,

ill be getting more then that, but goodluck with your calculations

?
When the gear arrives the diff will be (or very soon be) 345158085 (next est.). So with 60GH/s you're getting 0.0874 BTC/day.

1. Why was my response noob?
2. Well you're getting probably less than that not more since there are pool fees etc (go to allchains if you don't believe).

franky1

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Quote from: eZc on October 19, 2013, 05:51:55 AM

Quote from: franky1 on October 18, 2013, 10:44:56 PM

avalon 60Ghash for 6BTC = $900 = £570

i ordered it wednesday night and got my tracking number today (friday night/saturday morning) so i expect it to arrive on wednesday. from estimates

hardware breakeven = 36 days Cheesy

cha ching

Good luck with that! You get 0.0878 BTC a day. In begining. Diff inc 40% each time... so do the math. So even when diff would not increase you would use 68 days for HW break even. When you consider diff and elec you probably never get your 6 BTC back.... -> fail investment

such a noob response.. if only you knew lol,

ill be getting more then that, but goodluck with your calculations

eZc

member

Activity: 74

Merit: 10

Quote from: frankenmint on October 18, 2013, 04:21:24 PM

Sure Cex.io is worth it (My knowledge so this is a referral link)

Well it seems to me like a GH/S exchange. But i don't understand how long you get this GH/s when you buy. However Price per GH is even higher as with Avalon.

Topic: Any ASIC worth for Investment? (Read 4011 times)