I think the Golden Age of mining is going downhill fast. By June-July not many survivors.
There are no retail ASIC machines that will make roi on the market. Besides the market is fixed.
6 billion difficulty for btc this weekend.
Even the scrypt acics coming out will have a hard time breaking even because their difficulty will be 5-10x harder by the time they come out in mass.
Topic: Do any of you lost money on ASICS? (Read 1895 times)
I will hit my ROI next week for my 3 antminers. My brother in law has more than doubled his investment. The other thing is, i believe that BTC will be in the $2000 range at the end of the year. I think the IRS ruling is good in the long term. I am also buying more BTC as the price drops.
Yes losing money on Neptunes right now.
Hi guys!
I was interested to know if some of you bought ASICs (from whatever company) and never made your ROI back. Or maybe barely made it? Also, do you own ASICs that you can't use anymore, because you lose money running them?
I'm interested in knowing if that happened to some of you guys and it could be great to share your story in that thread.
Thanks!
*EDIT*
Maybe to clarify. I'm not looking to buy or anything. I'm more interested in knowing more about the state of the bitcoin mining market.
I was interested to know if some of you bought ASICs (from whatever company) and never made your ROI back. Or maybe barely made it? Also, do you own ASICs that you can't use anymore, because you lose money running them?
I'm interested in knowing if that happened to some of you guys and it could be great to share your story in that thread.
Thanks!
*EDIT*
Maybe to clarify. I'm not looking to buy or anything. I'm more interested in knowing more about the state of the bitcoin mining market.
mining btc is over staturated. period.
.
I only buy/sell my gear in Bitcoin denominations, so I shouldn't ever take a big loss.
i just bought another BFL60 - £215.
add that to the OP list
it's a hobby, i enjoy it, i still trade Oil.
add that to the OP list
it's a hobby, i enjoy it, i still trade Oil.
My 2c;
Being a late adopter my view is that i dont like to own an ASIC. I think its a waste of time, power, effort and money i cant afford. Im a happy clam mining some alt funny coins with my R9 280x tho. If someday all the crypto-world explodes, i will still be able to play a nice game of Battlefield 12, or whatever will be around then.
Cloud in the other hand its attractive for me. As in the first post stated, being a business owner i will be happy as a clam for any ROI under one year, so , if im investing some satoshis that are from my own GPU into a long term mining thing... For me its ok.
Being a late adopter my view is that i dont like to own an ASIC. I think its a waste of time, power, effort and money i cant afford. Im a happy clam mining some alt funny coins with my R9 280x tho. If someday all the crypto-world explodes, i will still be able to play a nice game of Battlefield 12, or whatever will be around then.
Cloud in the other hand its attractive for me. As in the first post stated, being a business owner i will be happy as a clam for any ROI under one year, so , if im investing some satoshis that are from my own GPU into a long term mining thing... For me its ok.
*EDIT*
Maybe to clarify. I'm not looking to buy or anything. I'm more interested in knowing more about the state of the bitcoin mining market.
Maybe to clarify. I'm not looking to buy or anything. I'm more interested in knowing more about the state of the bitcoin mining market.
perhaps we can continue the OP discussion now?
I would like this too. If some of you guys made money, I'm happy for you, really. It's great that people can make money out there. It helps to build a viable economy.
But to help people make money around here, you must also learn about those who lost money. I saw many people hoping of making money in the last few months. But did they really made that money? Planning your profit and getting it is not the same thing.
OK, here's my situation in full.
I purchased a few blades which run at ~10GH each, two BE cubes and a BFL55
one cube died. (so I guess that's not going to break even)
I set a floor on the price I was willing to sell my BTC at €450
under that price, and I just plough everything I mine back into cloud mining. I see this as the only way possible that my rig will break even eventually.
I now have 170GH at home (from 205GH) and 60GH on cloud. I'll keep building the cloud with the btc I mine at home and when BTC price breaks through that floor, i'll start selling it on exchanges again.
As of now, i've not broken even. but I will, eventually because the cloud hashing - although a premium at 0.0075btc / GH, has no long term electric costs.
I purchased a few blades which run at ~10GH each, two BE cubes and a BFL55
one cube died. (so I guess that's not going to break even)
I set a floor on the price I was willing to sell my BTC at €450
under that price, and I just plough everything I mine back into cloud mining. I see this as the only way possible that my rig will break even eventually.
I now have 170GH at home (from 205GH) and 60GH on cloud. I'll keep building the cloud with the btc I mine at home and when BTC price breaks through that floor, i'll start selling it on exchanges again.
As of now, i've not broken even. but I will, eventually because the cloud hashing - although a premium at 0.0075btc / GH, has no long term electric costs.
So, if I understand correctly, if you don't go into cloud hashing, you never break even? Your own mining operation is a pure loss?
Hmm....i see im one of the lucky ones here 
You got your ROI on all your equipment?
Hmm....i see im one of the lucky ones here
*EDIT*
Maybe to clarify. I'm not looking to buy or anything. I'm more interested in knowing more about the state of the bitcoin mining market.
Maybe to clarify. I'm not looking to buy or anything. I'm more interested in knowing more about the state of the bitcoin mining market.
perhaps we can continue the OP discussion now?
struggling to get referrals? LOL
No. I've referred them the site, so why not give my referral link?
because this thread is about losing money. if you are showing us a referral link where you are losing money, I think it counterproductive.
I'm losing money? No.
well, i'm customer number 51 with PBMining and my first GH were purchased in january. My balance is still negative.
Also, i'm interested in the OP of this thread, not a gloating referral link which tells me you are in profit, this is totally off topic (actually the opposite of the topic of this thread).
If you want to promote referral links, please make sure they are relevant to the subject of the thread.
thanks.
struggling to get referrals? LOL
No. I've referred them the site, so why not give my referral link?
because this thread is about losing money. if you are showing us a referral link where you are losing money, I think it counterproductive.
I'm losing money? No.
struggling to get referrals? LOL
No. I've referred them the site, so why not give my referral link?
because this thread is about losing money. if you are showing us a referral link where you are losing money, I think it counterproductive.
struggling to get referrals? LOL
No. I've referred them the site, so why not give my referral link?
Based on the current difficulty, it seems that anything over $5/GHs isn't worth it. And that's without factoring in power costs.
Go with something like PBMining. It's cheaper than CEX.io (costs BTC0.0075/GHs)
Go with something like PBMining. It's cheaper than CEX.io (costs BTC0.0075/GHs)
struggling to get referrals? LOL
Based on the current difficulty, it seems that anything over $5/GHs isn't worth it. And that's without factoring in power costs.
Go with something like PBMining. It's cheaper than CEX.io (costs BTC0.0075/GHs)
mod note: removed affiliate spam.
Go with something like PBMining. It's cheaper than CEX.io (costs BTC0.0075/GHs)
mod note: removed affiliate spam.
I just lose money with usb block erupter. But all others will ROI or already have.
Well back in 2012 I bought some usb miners (333mh/s) for fun so I guess you can say that I lost/wasted the money
OK, here's my situation in full.
I purchased a few blades which run at ~10GH each, two BE cubes and a BFL55
one cube died. (so I guess that's not going to break even)
I set a floor on the price I was willing to sell my BTC at €450
under that price, and I just plough everything I mine back into cloud mining. I see this as the only way possible that my rig will break even eventually.
I now have 170GH at home (from 205GH) and 60GH on cloud. I'll keep building the cloud with the btc I mine at home and when BTC price breaks through that floor, i'll start selling it on exchanges again.
As of now, i've not broken even. but I will, eventually because the cloud hashing - although a premium at 0.0075btc / GH, has no long term electric costs.
I purchased a few blades which run at ~10GH each, two BE cubes and a BFL55
one cube died. (so I guess that's not going to break even)
I set a floor on the price I was willing to sell my BTC at €450
under that price, and I just plough everything I mine back into cloud mining. I see this as the only way possible that my rig will break even eventually.
I now have 170GH at home (from 205GH) and 60GH on cloud. I'll keep building the cloud with the btc I mine at home and when BTC price breaks through that floor, i'll start selling it on exchanges again.
As of now, i've not broken even. but I will, eventually because the cloud hashing - although a premium at 0.0075btc / GH, has no long term electric costs.
It made more sense to buy btc instead of mining now.
No miners will be ROI with current exchange rate
No miners will be ROI with current exchange rate
Really? Now the situation is this?
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