Buying a Bitcoin Miner | Bitcointalksearch.org

DrG

legendary

Activity: 2086

Merit: 1035

Quote from: xstr8guy on June 28, 2014, 06:02:26 PM

An R-Box is going to earn a whopping $0.63 per day for the next 11 or 12 days before it drops again. You should have a positive ROI in...

Never.

Well one thing to note for new people... we commonly refer to ROI as basically getting your money back. If you spend $25 on a miner, you expect to make back at least $25. But there's no point doing it other than to support the network if you don't make some profit.

ROI should be considered as making BTC net positive.... meaning you earn more BTC mining than you would buying coins. Currently this is not possible with any of the miners.

You may be able to make more fiat if BTC prices go up, but ultimately buying coins seems like the more sound investment currently... hence the quoted truthful statement.

xstr8guy

hero member

Activity: 784

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Glow Stick Dance!

An R-Box is going to earn a whopping $0.63 per day for the next 11 or 12 days before it drops again. You should have a positive ROI in...

Never.

frigidformself

newbie

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I am currently using cgminer-4.3.3-update-v0.3.1 with my R BOX on a Win7 64bit if that helps.

jjdub7

hero member

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Quote from: -ck on June 28, 2014, 07:29:18 AM

Quote from: jjdub7 on June 28, 2014, 05:37:40 AM

No - you have to download ROCKminer's customized version of cgminer from their github.

Not at all. The current mainline cgminer supports R-Boxes.

I don't know if its the SI Labs drivers or what (and I think it is), but I still haven't been able to get your latest release to recognize it on a Mac

-ck

legendary

Activity: 4088

Merit: 1631

Ruu \o/

Quote from: jjdub7 on June 28, 2014, 05:37:40 AM

No - you have to download ROCKminer's customized version of cgminer from their github.

Not at all. The current mainline cgminer supports R-Boxes.

jjdub7

hero member

Activity: 938

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No - you have to download ROCKminer's customized version of cgminer from their github. You'll also need to buy a PSU (I use a 12V 5A 2.5mm computer charger that I bought for maybe $5 on Amazon including overnight shipping).

Dogie's guide explains the whole process: https://bitcointalksearch.org/topic/guide-dogies-comprehensive-rockminer-r-box-setup-hd-639030

Overall, a pretty decent miner. It uses ASICMINER Gen3's, which I've found to be pretty reliable. Share-solving variance can be pretty high, especially on stratum, meaning that the R-box's hashrate appears to bounce from ~26 GH/s to around 35 GH/s, depending of course on how you set up, cool, and configure for the computer you're using.

OneManWorld

newbie

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Thanks for all the help! What pool program are you guys in? Im in Slushes and Eclipsemc. I will most likely be buying the R-Miner! Its only $70 now. The R-Miner will work on EasyMiner, right? Thats the only program I have tried out. Its really nice since its so simplistic, Thanks for everything

jjdub7

hero member

Activity: 938

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Quote from: DrG on June 28, 2014, 02:31:48 AM

Quote from: OneManWorld on June 28, 2014, 02:25:58 AM

I would happily support the network if I earned some profit, but I cannot do it for free. Thanks for helping!

You will not be earning a profit most likely. I can't guarantee that but considering what the manufacturers say they will be delivering you cannot profit.

Having said that, you can still buy some hardware. I would start off cheap to get your feet wet and learn. The R-box is a nice little miner and here's a review:
https://bitcointalksearch.org/topic/guide-dogies-comprehensive-rockminer-r-box-setup-hd-639030

You could find an old Antminer S1 but they are noisy as hell but probably a better value keeping to the $1/GH rule.

Spend the rest of your $600 on an exchange and get some bitcoin directly from other miners. Make sure to learn how to protect those coins.

I got my R-box using Amazon gift cards, so it was essentially "free" and I also have 4 U2's - brings in about 80k satoshi per block (and falling hella fast) mining on Bitminter. That being said, its a great miner once you get it up and running (use a PC - if you can get that thing configured and running, you can get any miner set up).

jjdub7

hero member

Activity: 938

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Quote from: OneManWorld on June 28, 2014, 02:08:48 AM

I am looking to buy a bitcoin miner for a cheap price. I was really looking into a butterfly labs 10GH/s for $250 Link(https://products.butterflylabs.com/homepage-new-products/10-gh-s-bitcoin-miner.html) Is it worth it? I know a decent amount of information about bitcoins and such, but I dont have a big budget here. Only about $600 Max. What should I get or should I get one? If I get one I will be joining a pool. But how much bitcoin(s) can I make which a certain amount of GH/S? Thanks and I wish many bitcoins to you!! Feel free to respond and give me advice.

dude, just buy 4 Antminer U2's and overclock 'em to 2.5 GH/...should only cost you about $60 at this point...don't buy from Beyond Fuckin' Lazy unless you intend to start mining next November...

DrG

legendary

Activity: 2086

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Quote from: OneManWorld on June 28, 2014, 02:25:58 AM

I would happily support the network if I earned some profit, but I cannot do it for free. Thanks for helping!

You will not be earning a profit most likely. I can't guarantee that but considering what the manufacturers say they will be delivering you cannot profit.

Having said that, you can still buy some hardware. I would start off cheap to get your feet wet and learn. The R-box is a nice little miner and here's a review:
https://bitcointalksearch.org/topic/guide-dogies-comprehensive-rockminer-r-box-setup-hd-639030

You could find an old Antminer S1 but they are noisy as hell but probably a better value keeping to the $1/GH rule.

Spend the rest of your $600 on an exchange and get some bitcoin directly from other miners. Make sure to learn how to protect those coins.

OneManWorld

newbie

Activity: 5

Merit: 0

I would happily support the network if I earned some profit, but I cannot do it for free. Thanks for helping!

DrG

legendary

Activity: 2086

Merit: 1035

The current fair pricing for a miner right now is about $1 per GH/s assuming it can be delivered in a week, not some 3 month preorder. BFL is probably the shadiest hardware provider to exist (this coming from a former customer).

Before people offer advice, what are your intentions to mine? Do you want to make a profit or do you want to support the network and learn about mining? Right now mining is a losing proposition economically but it can be fun and does teach you about Bitcoin.

OneManWorld

newbie

Activity: 5

Merit: 0

I am looking to buy a bitcoin miner for a cheap price. I was really looking into a butterfly labs 10GH/s for $250 Link(https://products.butterflylabs.com/homepage-new-products/10-gh-s-bitcoin-miner.html) Is it worth it? I know a decent amount of information about bitcoins and such, but I dont have a big budget here. Only about $600 Max. What should I get or should I get one? If I get one I will be joining a pool. But how much bitcoin(s) can I make which a certain amount of GH/S? Thanks and I wish many bitcoins to you!! Feel free to respond and give me advice.

Topic: Buying a Bitcoin Miner (Read 1433 times)