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Topic: Do you think getting specialized mining hardware is worth it? (Read 373 times)

newbie
Activity: 33
Merit: 0
I'm confused...

If it's a hobby, I wouldn't even care about ROI, I'd just spend enough to amuse me.

From your post, I'm guessing it's still a business, and not really a hobby. Well then, you're late to the ASIC party. If you were to order one now, you would probably get it six months later, and have to compete with all the other ASICs that has been running for 6 months, driving difficulty up sky high... which means that you'll be extremely lucky to break even at all; if the price of btc increases in a linear fashion...

In which, to answer your question, yeah, I'd spend a few thousand bucks buying a couple of metal/plastic bricks for my hobby.   Grin Cheesy
newbie
Activity: 7
Merit: 0
So I'm a long time bit-coin follower, first time poster.  I've been debating switching off my GPUs and looking into some of the ASIC stuff out there, and I'm wondering if the pay out is likely to be worth the investment.

I don't really care about making money mining, it's a hobby thing for me, if I end up 1 BTC richer at the end of the month I'm happy. But as the GH/s rate of modern ASIC machines threatens to eclipse anything my GPUs can handle I'm wondering if it'd be worth it to order some sort of ASIC device. 

I've read all sorts of speculations on the pricing and I'm not looking for advice, I'm looking for opinions? Do you think the investment is worth the risk? What about the break even point? Depending on performance/price it seems that stuff is hovering around 3-9 months, assuming there's no dramatic shift in difficulty.  Is buying an ASIC device to keep mining for you worth it, if bit coin is just a 'hobby' for you?
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