Block erupters absolutely waste of money now? - page 2.

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

Quote from: Wendigo on December 04, 2013, 10:56:05 AM

Quote from: niothor on December 04, 2013, 10:49:06 AM

Quote from: Wendigo on December 04, 2013, 10:42:43 AM

Quote from: PenAndPaper on December 04, 2013, 10:20:56 AM

Quote from: Wendigo on December 04, 2013, 05:03:44 AM

I decided to buy cloud hashing power at Cex rather than buy obsolete hardware that will have no value whatsoever in 2014.

And how exactly buying hashing power over at Cex is any better? Do you have any numbers to back this up?

I have 5 gh/s at Cex.io for around 350$.
I will leave the googling for Red Fury prices and mathematical equations to you my friend Wink

LOOOOOOL
70usd/GH.
You must be joking.

And what is the funny thing here dude?
Which asic are you using?

I've gone with Knc.You can do the math at least once.
But it's 7 times cheaper.

Wendigo

legendary

Activity: 2604

Merit: 1036

Quote from: niothor on December 04, 2013, 10:49:06 AM

Quote from: Wendigo on December 04, 2013, 10:42:43 AM

Quote from: PenAndPaper on December 04, 2013, 10:20:56 AM

Quote from: Wendigo on December 04, 2013, 05:03:44 AM

I decided to buy cloud hashing power at Cex rather than buy obsolete hardware that will have no value whatsoever in 2014.

And how exactly buying hashing power over at Cex is any better? Do you have any numbers to back this up?

I have 5 gh/s at Cex.io for around 350$.
I will leave the googling for Red Fury prices and mathematical equations to you my friend Wink

LOOOOOOL
70usd/GH.
You must be joking.

And what is the funny thing here dude?
Which asic are you using?

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

Quote from: Wendigo on December 04, 2013, 10:42:43 AM

Quote from: PenAndPaper on December 04, 2013, 10:20:56 AM

Quote from: Wendigo on December 04, 2013, 05:03:44 AM

I decided to buy cloud hashing power at Cex rather than buy obsolete hardware that will have no value whatsoever in 2014.

And how exactly buying hashing power over at Cex is any better? Do you have any numbers to back this up?

I have 5 gh/s at Cex.io for around 350$.
I will leave the googling for Red Fury prices and mathematical equations to you my friend Wink

LOOOOOOL
70usd/GH.
You must be joking.

Wendigo

legendary

Activity: 2604

Merit: 1036

Quote from: PenAndPaper on December 04, 2013, 10:20:56 AM

Quote from: Wendigo on December 04, 2013, 05:03:44 AM

I decided to buy cloud hashing power at Cex rather than buy obsolete hardware that will have no value whatsoever in 2014.

And how exactly buying hashing power over at Cex is any better? Do you have any numbers to back this up?

I have 5 gh/s at Cex.io for around 350$.
I will leave the googling for Red Fury prices and mathematical equations to you my friend Wink

PenAndPaper

sr. member

Activity: 252

Merit: 250

Quote from: Wendigo on December 04, 2013, 05:03:44 AM

I decided to buy cloud hashing power at Cex rather than buy obsolete hardware that will have no value whatsoever in 2014.

And how exactly buying hashing power over at Cex is any better? Do you have any numbers to back this up?

tescomatty

full member

Activity: 143

Merit: 100

Quote from: ignesandros on December 04, 2013, 08:20:46 AM

Anyone tried to get a mining contract from Butterfly Labs? It was supposed to kick in at the end of November and still hasn't. Looks like sometime Q1, 2014 now.

What a surprise. Mining contracts are bad, bot this and Cex.io as well. You cant mine the BTC back...

tierbrave

newbie

Activity: 2

Merit: 0

like the usb block erupter?

Wendigo

legendary

Activity: 2604

Merit: 1036

I am with Cex.io and having fun with it for now plus it's like an exchange and you can sell your shares back.

I don't think you could sell back what you buy with Butterfly Labs Wink

dustofdeath

member

Activity: 98

Merit: 10

in case of cex.. the ghs you buy may become less valuable when mining... but you can actually sell it back to the system. Unlike buyign for exampel 3 block erupters for 3x the price that basically noone wants to buy when they are not effective.

Forexperiments

sr. member

Activity: 259

Merit: 250

Quote from: niothor on December 04, 2013, 07:42:22 AM

And there are both stupid and crazy people on ebay.

I meant, the crazy ones are the one that are betting on ebay to raise the auction for such an high price

ignesandros

newbie

Activity: 1

Merit: 0

Anyone tried to get a mining contract from Butterfly Labs? It was supposed to kick in at the end of November and still hasn't. Looks like sometime Q1, 2014 now.

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

Quote from: Forexperiments on December 04, 2013, 07:30:36 AM

There's people renting a block erupter mining for just a week on ebay, and the average auction price is around $20
Crazy

Well , I can sell you 1 satoshi for 20$. I'm not the crazy one. The crazy one is the person that would pay such an amount.
And there are both stupid and crazy people on ebay.

Forexperiments

sr. member

Activity: 259

Merit: 250

There's people renting a block erupter mining for just a week on ebay, and the average auction price is around $20
Crazy

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

Quote from: hunnaryb on December 04, 2013, 05:20:10 AM

Quote from: sssubito on December 03, 2013, 10:50:03 PM

2050??? No need to step so far into future. Who knows how the race goes on in 2014/2015?

Best case would be that some kind of saturation accurs and difficulty turns into linear growth but that's very optimistical. I agree it's sad that one needs quite a lot of GH/s for reasonable mining.

Not at all, if the miner is cheap and power effecient, you can mine profitably very long. I waiting for 2014 if the miners will be cheap finally, so far very expensive for small piece of hardware...

Why will the miners be cheap? Any reason for it?
Miners will have their price based on the cost of manufacturing and also on the return they can get.
I see no reasons right now for cheap miners with 25000usd reward every 10 minutes.

niothor

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Activity: 826

Merit: 501

in defi we trust

Quote from: Wendigo on December 04, 2013, 05:03:44 AM

I decided to buy cloud hashing power at Cex rather than buy obsolete hardware that will have no value whatsoever in 2014.

And you Gh will be worthless with a difficulty increase that will happen very soon. Hf is supposed to start shipping also BA.

niothor

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Activity: 826

Merit: 501

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Quote from: Mondy on December 03, 2013, 10:58:32 PM

Mining is a waste of money now,
dont do it

If mining is a waste of money , Why do people still mine?
Maybe because it's profitable?

hunnaryb

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Activity: 506

Merit: 500

Quote from: sssubito on December 03, 2013, 10:50:03 PM

2050??? No need to step so far into future. Who knows how the race goes on in 2014/2015?

Best case would be that some kind of saturation accurs and difficulty turns into linear growth but that's very optimistical. I agree it's sad that one needs quite a lot of GH/s for reasonable mining.

Not at all, if the miner is cheap and power effecient, you can mine profitably very long. I waiting for 2014 if the miners will be cheap finally, so far very expensive for small piece of hardware...

Wendigo

legendary

Activity: 2604

Merit: 1036

I decided to buy cloud hashing power at Cex rather than buy obsolete hardware that will have no value whatsoever in 2014.

dustofdeath

member

Activity: 98

Merit: 10

bitcoin was a game of chance aswell.

You cant expec the coins to be easy to mine and cost 1000$ instantly.

Itun

full member

Activity: 238

Merit: 100

Quote from: Sniperdude on December 03, 2013, 11:11:07 PM

Quote from: Mondy on December 03, 2013, 10:58:32 PM

Mining is a waste of money now,
dont do it

that's not 100% true. If you mine an Alt coin like say beta coins or something easy and it takes off it might be worth it.

Right now I am mining Beta coins (BET) not worth too much but with one 333 Mhs erupter ive gotten about 5 in 1 day.

Yeah, but it's a game of chance.

If the alt coin does not get popular, you wasted time and money.

Topic: Block erupters absolutely waste of money now? - page 2. (Read 2382 times)