Buy ONE USB Block Erupter to help keep the network distributed and secure, use the rest of your funds to buy bitcoin.
It's only distributed if you mine using p2pool. Anyway, those USB sticks are slow and massively overpriced. 
Topic: buying asic even worth it? - page 2. (Read 3629 times)
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He should get one little Block Erupter _to support the network_ (NOT to get rich or mine for profit FFS!)
If you want "to support the network", you can buy burnin. Same price, 3* faster. You'll support the network 3 times more :-)Besides, you can also "support the network" using your smartphone, or by just computing hashes by hand - it doesn't matter if you have 300Mh/s, 1Mh/s or 1h/min. Thank you for making a 51% attack 50.9999999999999999% attack.
You bought into the marketing slogan and believe in it. Congratulations. Math doesn't support you.
If you know better ways which are just as easy to get and use, why not telling me, the OP and all of us instead of babbling this smartphone mining nonsense, how i fall for a marketing slogan or what not...
This is not helping anyone and a shitty style.
Buy ONE USB Block Erupter to help keep the network distributed and secure, use the rest of your funds to buy bitcoin.
You sound like a marketer. Hoping to find people who cannot do math.You are missing the Point.
He should get one little Block Erupter _to support the network_ (NOT to get rich or mine for profit FFS!)
and get Bitcoins for the bulk of his Fiat _to support the whole Bitcoin Economy_.
true
9GH/s is still a lot better than getting an equivalent amount of eruptors.
Even at one billion difficulty, you stand to make about $10/month after electricity costs.
Even at one billion difficulty, you stand to make about $10/month after electricity costs.
Buy ONE USB Block Erupter to help keep the network distributed and secure, use the rest of your funds to buy bitcoin.
this is actually a pretty good idea for the OP and all of us in the big picture.
Buy ONE USB Block Erupter to help keep the network distributed and secure, use the rest of your funds to buy bitcoin.
If I bought steamboats batch 6 which are expected late august? Would 9 g/hs be even worth it at the difficulty in august?
Thanks!
Only if u wanna be in the gamee Thanks!
even if you are lucky and your pre-orders isn't a scam, you will make a tiny profit anyway, therefore don't bother
It all depends on the price of BTC and electricity. If you are mining for next year's BTC, then mine on.
And technically after cards are paid for a lot will depend on personal situations. For example for someone with a apartment including electricity gpu profit will always be there after cards paid for.... but profit will no doubt go down down down.
gpu profit will always be there after cards paid for.... but profit will no doubt go down down down. Buying anything to do with mining is worth it in the long run if you believe firmly that bitcoin will continue to have success. Buying GPUs now would probably be the only thing not "worth it".
I disagree, if you calculate that your would be mining at less than the break even point, you would be better off spending your money on buying BTC instead of mining them, that way it helps keep the price up for all.
Not if bitcoin continues to appreciate in value, which, if you don't believe it will, you probably shouldn't be in Bitcoin to begin with.
If Bitcoin is $200 next year, GPUs will still be profitable.
If Bitcoin is $500 in 5 years, GPUs will still be profitable.
Seeing a pattern? As long as Bitcoin's exchange rate keeps going up in value, my GPU farm will stay on. Even if it doesn't, I will keep it on with the expectation that it will be profitable long term. Of course, if it fails and goes to $0, well, then I've lost my electricity bill because the miners are already paid for.
Buying anything to do with mining is worth it in the long run if you believe firmly that bitcoin will continue to have success. Buying GPUs now would probably be the only thing not "worth it".
I disagree, if you calculate that your would be mining at less than the break even point, you would be better off spending your money on buying BTC instead of mining them, that way it helps keep the price up for all.
Buying anything to do with mining is worth it in the long run if you believe firmly that bitcoin will continue to have success. Buying GPUs now would probably be the only thing not "worth it".
If I bought steamboats batch 6 which are expected late august? Would 9 g/hs be even worth it at the difficulty in august?
Thanks!
Thanks!
9 Ghs - not worth the risk
90 Ghs - worth it
While I haven't done the math, steamboat speculates in a recent post (https://bitcointalksearch.org/topic/m.2434731):
"As an aside: Each person should do their own research and calculations to decide if purchasing miners is right for them. That being said, the numbers I have run are based on a very aggressive difficulty ramp up, and show the units will be unprofitable after 9-10 months. That being said, in order to maintain the exponential increase in difficulty, $26 million dollars worth of hardware would need to be introduced in month 3, $54 million in month 5, $110 million in month 7, and so on. This assumes .5btc per gh/s, and there are companies slated to produce miners at a .2. "
"As an aside: Each person should do their own research and calculations to decide if purchasing miners is right for them. That being said, the numbers I have run are based on a very aggressive difficulty ramp up, and show the units will be unprofitable after 9-10 months. That being said, in order to maintain the exponential increase in difficulty, $26 million dollars worth of hardware would need to be introduced in month 3, $54 million in month 5, $110 million in month 7, and so on. This assumes .5btc per gh/s, and there are companies slated to produce miners at a .2. "
These ASICs are too expensive and no resell value. If you want to contribute to the safety of the network to prevent it from 51% attack, then buy it.
I don't think so, they are far too expensive to have a reasonable ROI and also Bitcoin difficulty is getting too high too fast.
The biggest risk isn't really in not making money back on an ASIC product (unless you paid a retarded price for it, like a blockerupter USB), it is scams. There are so few companies with anything to show for all the money they've raked in, and then you have secondary markets being built around the promises of other companies to deliver something...
It's just bad juju. This is the time where you've missed the boat on being a KA-CHING first batch Avalon winner, or whatever, and the risk is still just about as high now as it was then of getting a big box of air, or a product so late that it will be a nail biter. I'd say that the sensible option is to wait until production and shipping are at a sensible level (you can order and receive a product, how crazy!) and you can actually consider ROI at some reasonable level.
But my personal calculations say that most ASIC products today will deliver bang for their buck given trends, and assuming they don't turn into smoke.
It's just bad juju. This is the time where you've missed the boat on being a KA-CHING first batch Avalon winner, or whatever, and the risk is still just about as high now as it was then of getting a big box of air, or a product so late that it will be a nail biter. I'd say that the sensible option is to wait until production and shipping are at a sensible level (you can order and receive a product, how crazy!) and you can actually consider ROI at some reasonable level.
But my personal calculations say that most ASIC products today will deliver bang for their buck given trends, and assuming they don't turn into smoke.
its just a bummer as my bitcoining/ scrypt alt coin days may be over when the difficulty for bitcoin jumps. Probably won't be that profitable for my gpu units either
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