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Topic: Can Low End Scrypt ASIC Miners Be Profitable? (Read 350 times)

hero member
Activity: 896
Merit: 1006
November 08, 2016, 08:53:12 AM
#2
Do you think low end scrypt ASIC miners can be profitable if used in a type of trading capacity after one is mining?
It seems they could come in handy to support some coins that may have value but not enough support?   There are
a lot on eBay now under $100.

Definition of profitable: like earning interest on a CD/Money Market with a good amount of capital, not "day job" work,
and liking the heat (in Seattle one often uses a heater even 8 months out of the year at times).

I think it's pretty certain that you'll always have to look at the price and the power draw per Mh.
IMHO, i think that if you buy a very old, outdated scrypt miner that draws way to much power per generated hash and costs proportionally more per unit of hashrate than a new miner, you'll always do a bad deal buying one.
hero member
Activity: 2786
Merit: 552
November 08, 2016, 08:50:30 AM
#1
Do you think low end scrypt ASIC miners can be profitable if used in a type of trading capacity after one is mining?
It seems they could come in handy to support some coins that may have value but not enough support?   There are
a lot on eBay now under $100.

Definition of profitable: like earning interest on a CD/Money Market with a good amount of capital, not "day job" work,
and liking the heat (in Seattle one often uses a heater even 8 months out of the year at times).
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