Topic: Are any ASIC miners making ROI anymore? (Read 4555 times)

Well BFL has made a nice little profit off you (and me) and with those funds they can easily purchase some competent mining gear for their own hidden farm.

Similar story here.  Purchased 3x upgraded 7GH jally's and 2x 30GH little single's.  Haven't even re-couped half of my initial investment on them and literally can't even sell them for 1/8th what I originally payed for them.  I suspect these kind of stories will get less common as asic technology reaches some of it's physical limitations but who really knows.  It appears as though quite a few people are addicted to this mining crap at this point and a great number of these people could really give two shits about ROI (being in a position where they don't really have to worry about it, i.e. have been mining since the good ole CPU days)

Right.  It's like miners buy the gear just so they can do something "cool."  However, they'd make more buying BTC with fiat straight up and then just hodling.

So, the point of the last sentences in this thread are that, as I said earlier, you should invest in 20-50 last-hash miners to ROI. Or in the best ways you can get 50% ROI instead. No matter what cost of power you have, stupid TH that will drive you as a Russian tank to your ROI.

But we all know that a medal has two sides. On the other side you could get only 50% ROI in a very very very good case. Even if you are going to sell them on ebay.

Mining is a such complecated game like chess, where on one hand are the ASIC (now ASIC yes, not GPU) manufacters (who are mining for the full mf power in their plants) and on the other are your strategy how to buy cheap (BTC or ASIC, no matter) and sell with some expensive interest.

Btw, I'm watching for the interesting cheap proposals miners in ebay and ali almost every day. Yeah, I'm a quite low now in a budget, but I can afford to buy some "hexes" 30Gh+ for 50-60$ + 15-20 delivery costs. Why??? I'm never ROI with them, because the delivery is so long to Russia from US, but I'm funky loving that small machines. May be I can buy a full computer instead to mine X11, X13 or even Scryot-N?.. Why not? Credit organisations will make their ROI faster ha-ha I'd love too, but I have a free power cord in my room, I'm not interested in computer! I like these machines which are blinking with ssh access leds power-cord-webs.

So, everyone chooses what his heart whants this time. But brain understands that this is wrong. That's like smoking may be...

So, let there be punk-rock and BTC! Oi!

If you had, things would have been different.

That's what bugs me about statements like this. It's not "If I got my miner 3 months earlier", it's "If I had gotten my miner and NO ONE ELSE HAD GOTTEN THEIRS 3 months earlier".... That doesn't make sense.

The pizza thing is the same. Yes it was a 10,000 bitcoin pizza, but if it had never been bought then Bitcoin would not have made CNN that first time and it would have gone the way of flooze or whatnot. It's because the person bought the stupid pizza that we are where we are.

Seriously, you can't change the past without affecting the present so don't bother.

C

IF ONLY I had known in December 2008 what I know now about Bitcoin, and how to mine it, buy it, and buy/sell on the major price pops and dips, I would have hundreds of millions of dollars at the very least, I could possibly even be a billionaire from nothing but Bitcoin.

It drives me crazy to think about it and "WHY didn't I know about it THEN?!?!?!?!?!"   

Exactly.  I can't help but think of the opportunity cost though, that I would have a lot more BTC if I had saved them instead of spent them on miners.

I invested in mining equipment on three separate occasions since April 2011.  GPU's, FPGA's, and ASIC's.  Looking back, in every instance, I would have been better off just buying BTC instead of mining equipment.

That said, I still have some BTC, and I still expect it to continue rallying long term, so I am excited for the future!  I can't "if only" my life away. 

That's exactly the same post as you wrote to me, do you just wait till thet question comes so you can paste your text?

Here: https://bitcointalksearch.org/topic/m.7850340

It all depends on the price of hardware. Maybe you will be able to get some cheap antminers, i have seen some guy selling them in bulks of 20 pieces for 230$ per piece, which could be ok, but still not good enough. If you find a good deal your ROI might be positive. Remember that guys selling hardware rather mine themselves than sell for cheaper than ROI.

The difficulty will increase since the ASICs were sold pretty fast. When more miners are in, the higher the difficulty rise. If everyone got their ASICs, it is possible that the total hashrate will increase and difficulty will also rise.

Chopstick, you have a different notion of ROI than what most miners envision.

Buying a miner for 10 BTC of fiat funds and mining 8BTC on it is a net loss - even if the coin goes to $1,000,000 per coin.

If you buy the miner for 10BTC and you mine 12BTC that is a +ROI, but very few miners did/do that.

If you're mining until the miners don't pay for themselves in power then you're never going to see anything close to ROI unless you have free or really cheap power.  However, if you time it right it's really easy to sell it way overvalued and make your money back.  You also are going to need to buy in bulk to get a decent price on it, so small miners are really out of the game at this point.  Unless you're putting down 10-20k on hardware you'll be spending way too much.

tl;dr not unless you have a lot of money and cheap power, then maybe

if you believe in the future of bitcoin and that it will hit 10K or more, then technically everyone here will make ROI assuming they hold their coin. The question is whether or not you would have made more bitcoin just from outright buying coins as opposed to mining.  Making lots of $$$ off mining in the short term is a very difficult if not impossible thing to do now.

The S3 boat has sailed since they have already sold 3 batches.  By the time you get 1 now you'll be at least 1 difficulty behind.

I believe antminer s3 is the closest to ROI if the difficulty did not increase much like the last one.

Overprice is a complicated word. If the asic companies priced it for less then more people would mine, difficulty would go up, and more people would complain about "not making ROI"

And people would buy the miners for less, then sell them on Ebay for "more" and pocket the difference. Who is adding more value here, the company who makes it or the middleman who marks it up for profit?

The root problem is Bitcoin mining is a perfect marketplace where the cost of entry is low and profits are not possible to make. That is a flat fact, and it is the lack of this kind of understanding that drives 99% of the Bitcoin angst here. :-)

Wait, we should build a miner powered by BITCOIN ANGST! :-)

ASIC sellers always overpriced their machine. Even if your $/Gh level is cheap, people would also be buying one of those hardwares and difficulty would rise easily. You also have to consider about the efficiency and the expected lifespan. Cooling may also be a problem.

btc roi is  meh.   if you have 10 btc today july 14th 2014  it is worth 6300 usd.

 if you have 7 btc Nov. 2013  it was worth  about 7700. 


 So   the guy with 7btc  then and 10btc now made a btc profit of 3 btc.

but he lost 1400.

Mining gear is about active investment .  buy and hold is about passive investment. 

 completely different  don't compare them it is a trap.

They key is cheap power and your $/Ghs ratio.  If you can attain a farm larger than 5Th/s under $1/Ghs for under $.10/Kw you should ROI in around 90 days,and turn a small profit before having it flatten out and turn negative.

No, that's nowhere near the 30-45 you'd like to see, but still, it will at least return something.  Plus if you liquidate the equipment after you're ahead of the game.

Not everyone can assemble that type of a farm for themselves easily, so that takes they hobbyist out of it.  But any semi-pro should be able to do it if they line up things properly.

This would hurt no one except the customers who had preordered the ASICs. The customers would have to wait longer for their orders to be filled, while the manufacturer would simply have to bear a small increase in their production costs as it does not cost very much to build these machines. The major costs are in the R&D phase of production.