Are ASICs still worth investing in? - page 2.

QuintLeo

legendary

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Quote from: IanQuinn on September 17, 2015, 08:24:59 AM

Why not do cloud mining where you do not have to worry about equipment

Because most cloud mining "contracts" have been nothing but unprofitable ripoffs with zero percent chance at ROI much less a profit for the buyer, and the rest are mostly unprofitable at best?

Oh yeah, LOGIC, most "promoters" hate logic....

VirosaGITS

legendary

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Merit: 1068

I would recommend finding deals that you can break under 5 months including everything. You must include the PSU required if you do not have one, the shipping, the import fee, the time delays, the wiring and cooling. You must also include difficulty increase in that.

If its more than that, your electricity cost is probably too high and thus sound risky but not impossible. Got to keep in mind a block halving is happening next year as well.

If you give me/us more information on your situation, i/we may be able to better help you, OP.

Finksy

legendary

Activity: 1022

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^Buyer beware, if it seems too good to be true, it almost ALWAYS is. Negative trust left until any tangible evidence can be supplied that it is not a ponzi.

IanQuinn

member

Activity: 64

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-- Removed --

BlockC-Yan

newbie

Activity: 7

Merit: 0

If your break even is 10-11 months you should be looking at where you think the overall network will be in 10-11 months. If you're barely making a profit right now and the network grows you'll never make your money back. People always try to assume no network growth but that's simply not the case if you look at the history.

Regards,
Yan

notlist3d

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Activity: 1456

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Quote from: Finksy on August 28, 2015, 09:59:28 PM

^All I can add to that is hindsight is always 20/20. It's up to the individual to determine what level of risk and speculation they are comfortable with, the rest is a crap shoot.

It is a high risk investment for sure. Do no put what you cannot afford to lose in this game. It can give high returns, and high losses.

I'm excited to see the future of it all. But honestly when we get year, 5 year it's hard to tell. Traditional investment we have in some company's many many years of history. This entire section of digital money is really pretty new concept overall.

Finksy

legendary

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^All I can add to that is hindsight is always 20/20. It's up to the individual to determine what level of risk and speculation they are comfortable with, the rest is a crap shoot.

notlist3d

legendary

Activity: 1456

Merit: 1000

A lot is not known it is a risky investment. This is the year before having so what happens at having? We will see.

If coin values go up at having or around it those investing now will see an even bigger profit if they hold onto coins. If it tanks we will see more loss's. You would need to be able to see the future to really tell how investments will be in a year.

QuintLeo

legendary

Activity: 1498

Merit: 1030

Unless you have pretty cheap electric (I'd say under 8 cents a KWH, and might need to be closer to 6) don't get anything available now unless you can get it cheap. I'd wait ballpark a month for the release of the S7 and start buying those.

It's looking like the Sfards SF100 is going to be crazy high priced (they VASTLY overestimate the value of the dual mining on that unit IMO), and it doesn't look like Innosilicon / Lktec (probably using Innosilicon A3 chips) will have any miner units for sale before about December - at which point competition rears it's LOVELY (for us miners) head....

Finksy

legendary

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You can decide for yourself if it's a worthwhile investment, here is one of the better tools: https://bitcoinwisdom.com/bitcoin/calculator

Just do some reading on predicted difficulty rating over the coming months, your own assumptions on the price of bitcoin, and your electricity rates.

kae1078

member

Activity: 78

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Kupla Kudos Coming Ur Way!

Quote from: Searing on August 27, 2015, 05:15:19 AM

Quote from: abtekk on August 27, 2015, 03:35:54 AM

I've seen a few rather reasonably priced 675GH/s and above ASICs for bitcoin and wondering if it's still something worth investing in? I can't go for the high TH/s ASICs as I don't have that much money to put forward. I calculated my break even point would be about 9-11 months at CURRENT BTC prices.

Is this still something I can make a little profit from? Baring in mind I can set it up at work so I'm not paying for electricity.

I don't even have to invest in a BTC ASIC if you feel like a Scrypt ASIC would be more profitable. I'm open to all suggestions.

BTC
I would suggest the following TOY as the only legit ..low cost option out there...it does not mine very much but it is a cute little BTC Toy imho

https://bitcointalksearch.org/topic/run-2-closedsidehack-stickgekkoscience-compac-official-sales-thread-1126705

what the heck as you can see from the lights and such it is a cute little beastie

Soothing

The price is 25 bucks total plus 6 bucks shipping. I got two for 56 usd bucks with shipping...so you can't beat that!

anyway besides an over priced Bitmain 5+ which probably for the price you also won't ROI if you have to have a product for home miner addiction this is what I'd get

(me I need a cheap asic withdrawal device for when my home miners go to doorstop stage..the horror...also got a bitseed v2 node just to feel useful after this
whole asic miner at home stuff goes poof! (so sad so addicted)

my KNC Shrine to Titan Miners below

Man I drank too much of the kool aid back in the day

http://lostgonzo.imgur.com/

Good Luck

As a toy, this is a good candidate.

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: abtekk on August 27, 2015, 03:35:54 AM

I've seen a few rather reasonably priced 675GH/s and above ASICs for bitcoin and wondering if it's still something worth investing in? I can't go for the high TH/s ASICs as I don't have that much money to put forward. I calculated my break even point would be about 9-11 months at CURRENT BTC prices.

Is this still something I can make a little profit from? Baring in mind I can set it up at work so I'm not paying for electricity.

I don't even have to invest in a BTC ASIC if you feel like a Scrypt ASIC would be more profitable. I'm open to all suggestions.

BTC
I would suggest the following TOY as the only legit ..low cost option out there...it does not mine very much but it is a cute little BTC Toy imho

https://bitcointalksearch.org/topic/run-2-closedsidehack-stickgekkoscience-compac-official-sales-thread-1126705

what the heck as you can see from the lights and such it is a cute little beastie

Soothing

The price is 25 bucks total plus 6 bucks shipping. I got two for 56 usd bucks with shipping...so you can't beat that!

anyway besides an over priced Bitmain 5+ which probably for the price you also won't ROI if you have to have a product for home miner addiction this is what I'd get

(me I need a cheap asic withdrawal device for when my home miners go to doorstop stage..the horror...also got a bitseed v2 node just to feel useful after this
whole asic miner at home stuff goes poof! (so sad so addicted)

my KNC Shrine to Titan Miners below

Man I drank too much of the kool aid back in the day

http://lostgonzo.imgur.com/

Good Luck

kae1078

member

Activity: 78

Merit: 10

Kupla Kudos Coming Ur Way!

Quote from: abtekk on August 27, 2015, 04:15:36 AM

Quote from: kae1078 on August 27, 2015, 03:54:25 AM

I think investing is such a broad word, are you investing just because of curiosity, hobby or passive income?
Are ASICS still worth, yes I think they are still, specially the new Bitmains.
If you're planning to invest on a small hash rate as a hobby and just to satisfy your curiosity, then go for it but don't expect great rewards for it.

I was wanting to get one or 2 just to run in the background while I get on with my day to day life, and just make a small monthly profit. But long term I need to know if I'll continue to make profit or if I'll be spending more on ASICs before I actually have a chance to break even.

With the BTC volatility right now, ugh ugh nope maybe break even would be 11 to 12 months.
I think BTC is good for the early starters, those who have establish them selves, big investors, all of them have ROI already, so adding up a new miner is no problem.

Invest only the amount which you are comfortable, don't spend money you can't afford to lost.

abtekk

newbie

Activity: 2

Merit: 0

Quote from: kae1078 on August 27, 2015, 03:54:25 AM

I think investing is such a broad word, are you investing just because of curiosity, hobby or passive income?
Are ASICS still worth, yes I think they are still, specially the new Bitmains.
If you're planning to invest on a small hash rate as a hobby and just to satisfy your curiosity, then go for it but don't expect great rewards for it.

I was wanting to get one or 2 just to run in the background while I get on with my day to day life, and just make a small monthly profit. But long term I need to know if I'll continue to make profit or if I'll be spending more on ASICs before I actually have a chance to break even.

n2004al

legendary

Activity: 1134

Merit: 1000

I think that not only ASIC-s but all the process of mining for the single person is not profitable. There are to many (continues) costs and for more is even the difficulty of mining which go high every two weeks.

kae1078

member

Activity: 78

Merit: 10

Kupla Kudos Coming Ur Way!

I think investing is such a broad word, are you investing just because of curiosity, hobby or passive income?
Are ASICS still worth, yes I think they are still, specially the new Bitmains.
If you're planning to invest on a small hash rate as a hobby and just to satisfy your curiosity, then go for it but don't expect great rewards for it.

abtekk

newbie

Activity: 2

Merit: 0

I've seen a few rather reasonably priced 675GH/s and above ASICs for bitcoin and wondering if it's still something worth investing in? I can't go for the high TH/s ASICs as I don't have that much money to put forward. I calculated my break even point would be about 9-11 months at CURRENT BTC prices.

Is this still something I can make a little profit from? Baring in mind I can set it up at work so I'm not paying for electricity.

I don't even have to invest in a BTC ASIC if you feel like a Scrypt ASIC would be more profitable. I'm open to all suggestions.

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