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Topic: Does BTC need to be over $2,000 in 2014 for mining to be profitable? - page 2. (Read 5260 times)

sr. member
Activity: 448
Merit: 250
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Can anyone new make a profit mining in 2014?

I looked up the specs on the new 3,000 GH/s Neptune from KncMiner and thought that it would make a great purchase. But when you try to work out the ROI, the numbers don't work unless BTC gets somewhere close to $2,000, you get the unit next week or you have solar panels.

$2,000 is possible, but that's a real speculative play given the $1,200 to $750 fall in the past few days.

http://mining.thegenesisblock.com/a/c7d1b8bf04

Which is the way to go?


Might make sense to also see whether you profit more than if you had just bought BTC and sat on them.  It would be hard not to ROI if BTC spikes enough while you are holding your mined BTC and machinery instead of the amount of Bitcoin you could have originally bought with the same amount of money.
legendary
Activity: 2674
Merit: 2965
Terminated.
newbie
Activity: 14
Merit: 0
It will ROI fast, maybe in 3-4 months.
sr. member
Activity: 314
Merit: 250
Actually from the looks of it, it has to be in the $3000-$4000 range for neptune to ROI.
I could be completelly wrong but if the coin price will be 500 USD and the Difficulty goes to 3 Billions by the time Neptunes is delivered,  i think you will have ROI in +/- 2 months
You're wrong. Look at the calculator.
Which one?
legendary
Activity: 2674
Merit: 2965
Terminated.
Actually from the looks of it, it has to be in the $3000-$4000 range for neptune to ROI.
I could be completelly wrong but if the coin price will be 500 USD and the Difficulty goes to 3 Billions by the time Neptunes is delivered,  i think you will have ROI in +/- 2 months
You're wrong. Look at the calculator.
legendary
Activity: 1022
Merit: 1001
I'd fight Gandhi.
OP is right.

Right now is going to be the last time Bitcoin will be in triple digits. You won't see numbers these low in 6 months from now. People buying NOW will make more than double by this time next year.
sr. member
Activity: 275
Merit: 250
Can anyone new make a profit mining in 2014?

I looked up the specs on the new 3,000 GH/s Neptune from KncMiner and thought that it would make a great purchase. But when you try to work out the ROI, the numbers don't work unless BTC gets somewhere close to $2,000, you get the unit next week or you have solar panels.

$2,000 is possible, but that's a real speculative play given the $1,200 to $750 fall in the past few days.

http://mining.thegenesisblock.com/a/c7d1b8bf04

Which is the way to go?


Yes, they are selling really cheap like only 3$ per GH/s.. too bad its all sold out..
hero member
Activity: 602
Merit: 500
In math we trust.
Although I haven't any experience with mining, the difficulty will increase, so, bitcoins will need to be more valluable.
sr. member
Activity: 322
Merit: 250
Depends on what are you mining
You mean like checking dustcoin?
Too many people already do pool hopping. Volume on alts is generally low and by the time you mined even a days worth the price might have already dropped quite a bit. Even if you check in short, e.g. hourly, intervals it doesnt seem to be possible to get more than like a 50% bonus compared to just mining BTC. And thats assuming your time is worthless.
newbie
Activity: 14
Merit: 0
Depends on what are you mining
sr. member
Activity: 322
Merit: 250
Can anyone new make a profit mining in 2014?
Depends on what the prices for BTC are, when the machine is shipped, and, ofc, how many boxes actually ship till then.
Possibly if you pre ordered early and get a batch 1 machine, but even then i wouldnt count on it.

Which is the way to go?
Depends, you feeling (very) lucky?
newbie
Activity: 56
Merit: 0
Let me guess. You all pay different amounts for electricity.

Let's throw around more numbers!

1.21 jigawatts.
full member
Activity: 168
Merit: 100
Let me guess. You all pay different amounts for electricity.

Let's throw around more numbers!
newbie
Activity: 10
Merit: 0
Depends on the value of dollar also... Anything may happen to its value..
sr. member
Activity: 314
Merit: 250
Actually from the looks of it, it has to be in the $3000-$4000 range for neptune to ROI.
I could be completelly wrong but if the coin price will be 500 USD and the Difficulty goes to 3 Billions by the time Neptunes is delivered,  i think you will have ROI in +/- 2 months
legendary
Activity: 2674
Merit: 2965
Terminated.
Actually from the looks of it, it has to be in the $3000-$4000 range for neptune to ROI.
legendary
Activity: 1456
Merit: 1000
Can anyone new make a profit mining in 2014?

I looked up the specs on the new 3,000 GH/s Neptune from KncMiner and thought that it would make a great purchase. But when you try to work out the ROI, the numbers don't work unless BTC gets somewhere close to $2,000, you get the unit next week or you have solar panels.

$2,000 is possible, but that's a real speculative play given the $1,200 to $750 fall in the past few days.

http://mining.thegenesisblock.com/a/c7d1b8bf04

Which is the way to go?
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